DBI FY 2010 Earnings Report — Designer Brands Inc. Revenue & Financial Results | Market Cap Arena

Designer Brands Inc.DBI

FY 2010 Earnings

Reported March 22, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.6B	—	13.7%
Op. Income	$174M	—	$93M	—	85.7%
Gross Margin	31.0%	—	29.2%	—	1.9pp
Net Margin	5.9%	—	3.4%	—	2.5pp
EPS (Diluted)	$1.34	—	$0.61	—	119.7%
Free Cash Flow	$94M	—	$141M	—	-33.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$566M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$392M
Other Expenses	$0
Operating Expenses	$392M
Cost & Expenses	$1.6B
OPERATING INCOME	$174M
Interest Income	$3M
Interest Expense	$1M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$177M
Income Tax Expense	$70M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	-$56M
Other Adjustments	$7M
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$48M
EBIT	$178M
EBITDA	$226M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.3B
GROSS PROFIT	$566M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$392M
Other Expenses	$0
Operating Expenses	$392M
Cost & Expenses	$1.6B
OPERATING INCOME	$174M
Interest Income	$3M
Interest Expense	$1M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$177M
Income Tax Expense	$70M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	-$56M
Other Adjustments	$7M
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$48M
EBIT	$178M
EBITDA	$226M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$48M
Stock-Based Compensation	$4M
Deferred Income Tax	$12M
Other Non-Cash Items	-$358.0K
Change in Working Capital	-$30M
OPERATING CASH FLOW	$141M
Capital Expenditure	-$47M
Acquisitions (Net)	-$225.0K
Purchases of Investments	-$302M
Sales/Maturities of Investments	$173M
Other Investing Activities	$424.0K
NET CASH FROM INVESTING	-$176M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	$4M
FREE CASH FLOW	$94M
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$94M
Short-Term Investments	$242M
Net Receivables	$13M
Inventory	$309M
Other Current Assets	$49M
TOTAL CURRENT ASSETS	$717M
PP&E (Net)	$210M
Goodwill	$26M
Intangible Assets	$0
Long-Term Investments	$50M
Tax Assets	$5M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$292M
TOTAL ASSETS	$1.0B
Account Payables	$150M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$65M
TOTAL CURRENT LIABILITIES	$254M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$114M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$114M
TOTAL LIABILITIES	$368M
Common Stock	$314M
Additional Paid-In Capital	$330M
Retained Earnings	$326M
Treasury Stock	-$59.0K
Accum. Other Comp. Income	-$6M
Other Equity	-$324M
TOTAL STOCKHOLDERS' EQUITY	$641M
Minority Interest	$0
TOTAL EQUITY	$641M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$0
Net Debt	-$94M