DBI FY 2014 Earnings Report — Designer Brands Inc. Revenue & Financial Results | Market Cap Arena

Designer Brands Inc.DBI

FY 2014 Earnings

Reported March 26, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$2.5B	—	$2.4B	—	5.4%
Op. Income	$242M	—	$241M	—	0.3%
Gross Margin	30.2%	—	31.2%	—	-1.0pp
Net Margin	6.1%	—	6.4%	—	-0.2pp
EPS (Diluted)	$1.69	—	$1.65	—	2.4%
Free Cash Flow	$99M	—	$212M	—	-53.2%

Revenue Flow

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$755M
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$641M
SG&A Expenses	$701M
Other Expenses	$513M
Operating Expenses	$513M
Cost & Expenses	$2.3B
OPERATING INCOME	$242M
Interest Income	$3M
Interest Expense	$108.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$245M
Income Tax Expense	$96M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$272.0K
Other Adjustments	$4M
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$68M
EBIT	$246M
EBITDA	$314M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.5B
Cost of Revenue	$1.7B
GROSS PROFIT	$755M
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$641M
SG&A Expenses	$701M
Other Expenses	$513M
Operating Expenses	$513M
Cost & Expenses	$2.3B
OPERATING INCOME	$242M
Interest Income	$3M
Interest Expense	$108.0K
Other Income/Expenses	$7M
INCOME BEFORE TAX	$245M
Income Tax Expense	$96M
Net Income from Continuing Ops	$149M
Net Income from Discontinued Ops	$272.0K
Other Adjustments	$4M
NET INCOME	$153M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$153M
D&A	$68M
EBIT	$246M
EBITDA	$314M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$153M
Depreciation & Amortization	$68M
Stock-Based Compensation	$10M
Deferred Income Tax	-$1M
Other Non-Cash Items	$8M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$197M
Capital Expenditure	-$98M
Acquisitions (Net)	$0
Purchases of Investments	-$176M
Sales/Maturities of Investments	$246M
Other Investing Activities	-$77M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	$0
Common Stock Repurchased	-$87M
Common Dividends Paid	-$67M
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$145M
FREE CASH FLOW	$99M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$171M
Net Receivables	$24M
Inventory	$451M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$768M
PP&E (Net)	$338M
Goodwill	$26M
Intangible Assets	$0
Long-Term Investments	$243M
Tax Assets	$11M
Other Non-Current Assets	$52M
TOTAL NON-CURRENT ASSETS	$670M
TOTAL ASSETS	$1.4B
Account Payables	$171M
Short-Term Debt	$0
Deferred Revenue	$40M
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$284M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$143M
TOTAL NON-CURRENT LIABILITIES	$143M
TOTAL LIABILITIES	$427M
Common Stock	$909M
Additional Paid-In Capital	$909M
Retained Earnings	$221M
Treasury Stock	-$87M
Accum. Other Comp. Income	-$6M
Other Equity	-$934M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$59M