CURV FY 2018 Earnings Report — Torrid Holdings Inc. Revenue & Financial Results | Market Cap Arena

Torrid Holdings Inc.CURV

FY 2018 Earnings

Reported February 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$909M	—	$804M	—	13.0%
Op. Income	$104M	—	$21M	—	391.4%
Gross Margin	35.5%	—	37.1%	—	-1.6pp
Net Margin	9.5%	—	0.1%	—	9.4pp
EPS (Diluted)	$0.79	—	$0.01	—	9775.0%
Free Cash Flow	$75M	—	-$6M	—	1392.9%

Revenue Flow

Item	Amount
REVENUE	$909M
Cost of Revenue	$586M
GROSS PROFIT	$323M
R&D Expenses	$0
Selling & Marketing	$49M
General & Administrative	$171M
SG&A Expenses	$219M
Other Expenses	$0
Operating Expenses	$219M
Cost & Expenses	$805M
OPERATING INCOME	$104M
Interest Income	$85.0K
Interest Expense	$1M
Other Income/Expenses	-$968.0K
INCOME BEFORE TAX	$103M
Income Tax Expense	$16M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$27M
EBIT	$104M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$909M
Cost of Revenue	$586M
GROSS PROFIT	$323M
R&D Expenses	$0
Selling & Marketing	$49M
General & Administrative	$171M
SG&A Expenses	$219M
Other Expenses	$0
Operating Expenses	$219M
Cost & Expenses	$805M
OPERATING INCOME	$104M
Interest Income	$85.0K
Interest Expense	$1M
Other Income/Expenses	-$968.0K
INCOME BEFORE TAX	$103M
Income Tax Expense	$16M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$27M
EBIT	$104M
EBITDA	$131M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$27M
Stock-Based Compensation	-$38M
Deferred Income Tax	$3M
Other Non-Cash Items	$9M
Change in Working Capital	$28M
OPERATING CASH FLOW	$115M
Capital Expenditure	-$41M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	-$12M
Common Stock Repurchased	-$61M
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$73M
FREE CASH FLOW	$75M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$9M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$106M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$136M
PP&E (Net)	$169M
Goodwill	$0
Intangible Assets	$9M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$181M
TOTAL ASSETS	$317M
Account Payables	$30M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$131M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$131M
Common Stock	$0
Additional Paid-In Capital	$266M
Retained Earnings	-$140M
Treasury Stock	$0
Accum. Other Comp. Income	$19.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$126M
Minority Interest	$0
TOTAL EQUITY	$126M
TOTAL LIABILITIES & EQUITY	$257M
Total Debt	$15M
Net Debt	$6M