DBI FY 2009 Earnings Report — Designer Brands Inc. Revenue & Financial Results | Market Cap Arena

Designer Brands Inc.DBI

FY 2009 Earnings

Reported March 23, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	9.5%
Op. Income	$93M	—	$43M	—	118.3%
Gross Margin	29.2%	—	25.9%	—	3.3pp
Net Margin	3.4%	—	1.8%	—	1.6pp
EPS (Diluted)	$0.61	—	$0.31	—	96.8%
Free Cash Flow	$141M	—	$15M	—	847.7%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$467M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$374M
Operating Expenses	$374M
Cost & Expenses	$1.5B
OPERATING INCOME	$93M
Interest Income	$2M
Interest Expense	$1M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$92M
Income Tax Expense	$37M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	-$60M
NET INCOME	$55M
Net Income Deductions	-$81M
BOTTOM LINE NET INCOME	$55M
D&A	$46M
EBIT	$93M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$1.1B
GROSS PROFIT	$467M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$374M
Operating Expenses	$374M
Cost & Expenses	$1.5B
OPERATING INCOME	$93M
Interest Income	$2M
Interest Expense	$1M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$92M
Income Tax Expense	$37M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	-$60M
NET INCOME	$55M
Net Income Deductions	-$81M
BOTTOM LINE NET INCOME	$55M
D&A	$46M
EBIT	$93M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$46M
Stock-Based Compensation	$5M
Deferred Income Tax	-$12M
Other Non-Cash Items	$5M
Change in Working Capital	$65M
OPERATING CASH FLOW	$164M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	-$225M
Sales/Maturities of Investments	$161M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	-$250.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$141M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$125M
Short-Term Investments	$164M
Net Receivables	$6M
Inventory	$262M
Other Current Assets	$29M
TOTAL CURRENT ASSETS	$607M
PP&E (Net)	$206M
Goodwill	$26M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$11M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$244M
TOTAL ASSETS	$851M
Account Payables	$121M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$49M
TOTAL CURRENT LIABILITIES	$225M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$101M
TOTAL NON-CURRENT LIABILITIES	$101M
TOTAL LIABILITIES	$326M
Common Stock	$306M
Additional Paid-In Capital	$306M
Retained Earnings	$219M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	-$306M
TOTAL STOCKHOLDERS' EQUITY	$525M
Minority Interest	$0
TOTAL EQUITY	$525M
TOTAL LIABILITIES & EQUITY	$851M
Total Debt	$0
Net Debt	-$125M