DBI FY 2017 Earnings Report — Designer Brands Inc. Revenue & Financial Results | Market Cap Arena

Designer Brands Inc.DBI

FY 2017 Earnings

Reported March 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$2.8B	—	$2.7B	—	3.3%
Op. Income	$125M	—	$200M	—	-37.6%
Gross Margin	28.2%	—	28.5%	—	-0.3pp
Net Margin	2.4%	—	4.6%	—	-2.2pp
EPS (Diluted)	$0.84	—	$1.51	—	-44.4%
Free Cash Flow	$135M	—	$125M	—	7.5%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$789M
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$539M
SG&A Expenses	$623M
Other Expenses	-$2M
Operating Expenses	$608M
Cost & Expenses	$2.6B
OPERATING INCOME	$125M
Interest Income	$3M
Interest Expense	$488.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$126M
Income Tax Expense	$60M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$67M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	$81M
EBIT	$126M
EBITDA	$207M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$2.0B
GROSS PROFIT	$789M
R&D Expenses	$0
Selling & Marketing	$84M
General & Administrative	$539M
SG&A Expenses	$623M
Other Expenses	-$2M
Operating Expenses	$608M
Cost & Expenses	$2.6B
OPERATING INCOME	$125M
Interest Income	$3M
Interest Expense	$488.0K
Other Income/Expenses	$2M
INCOME BEFORE TAX	$126M
Income Tax Expense	$60M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$67M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	$81M
EBIT	$126M
EBITDA	$207M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$67M
Depreciation & Amortization	$80M
Stock-Based Compensation	$15M
Deferred Income Tax	-$13M
Other Non-Cash Items	$58M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$191M
Capital Expenditure	-$56M
Acquisitions (Net)	-$57M
Purchases of Investments	-$133M
Sales/Maturities of Investments	$188M
Other Investing Activities	-$57M
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	$0
Common Stock Repurchased	-$9M
Common Dividends Paid	-$64M
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$71M
FREE CASH FLOW	$135M
Net Change in Cash	$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$176M
Short-Term Investments	$125M
Net Receivables	$19M
Inventory	$502M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$863M
PP&E (Net)	$355M
Goodwill	$26M
Intangible Assets	$135.0K
Long-Term Investments	$6M
Tax Assets	$28M
Other Non-Current Assets	$136M
TOTAL NON-CURRENT ASSETS	$551M
TOTAL ASSETS	$1.4B
Account Payables	$179M
Short-Term Debt	$0
Deferred Revenue	$48M
Other Current Liabilities	$70M
TOTAL CURRENT LIABILITIES	$325M
Long-Term Debt	$0
Deferred Revenue NC	$81M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$139M
TOTAL NON-CURRENT LIABILITIES	$139M
TOTAL LIABILITIES	$463M
Common Stock	$961M
Additional Paid-In Capital	$961M
Retained Earnings	$350M
Treasury Stock	-$326M
Accum. Other Comp. Income	-$10M
Other Equity	-$986M
TOTAL STOCKHOLDERS' EQUITY	$950M
Minority Interest	$0
TOTAL EQUITY	$950M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$0
Net Debt	-$176M