JJSF FY 2014 Earnings Report — J&J Snack Foods Corp. Revenue & Financial Results | Market Cap Arena

J&J Snack Foods Corp.JJSF

FY 2014 Earnings

Reported November 25, 2014

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	$919M	—	$868M	—	6.0%
Op. Income	$107M	—	$97M	—	9.7%
Gross Margin	31.3%	—	30.3%	—	0.9pp
Net Margin	7.8%	—	7.4%	—	0.4pp
EPS (Diluted)	$3.82	—	$3.41	—	12.0%
Free Cash Flow	$68M	—	$51M	—	33.5%

Revenue Flow

Item	Amount
REVENUE	$919M
Cost of Revenue	$632M
GROSS PROFIT	$288M
R&D Expenses	$499.0K
Selling & Marketing	$150M
General & Administrative	$31M
SG&A Expenses	$181M
Other Expenses	$0
Operating Expenses	$181M
Cost & Expenses	$813M
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$115.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$111M
Income Tax Expense	$39M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$37M
EBIT	$111M
EBITDA	$148M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$919M
Cost of Revenue	$632M
GROSS PROFIT	$288M
R&D Expenses	$499.0K
Selling & Marketing	$150M
General & Administrative	$31M
SG&A Expenses	$181M
Other Expenses	$0
Operating Expenses	$181M
Cost & Expenses	$813M
OPERATING INCOME	$107M
Interest Income	$0
Interest Expense	$115.0K
Other Income/Expenses	$4M
INCOME BEFORE TAX	$111M
Income Tax Expense	$39M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$37M
EBIT	$111M
EBITDA	$148M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$37M
Stock-Based Compensation	$2M
Deferred Income Tax	-$8.0K
Other Non-Cash Items	$242.0K
Change in Working Capital	-$5M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$39M
Acquisitions (Net)	-$28M
Purchases of Investments	-$27M
Sales/Maturities of Investments	$7M
Other Investing Activities	$766.0K
NET CASH FROM INVESTING	-$86M
Net Debt Issuance	-$326.0K
Common Stock Repurchased	-$8M
Common Dividends Paid	-$21M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$25M
FREE CASH FLOW	$68M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$92M
Short-Term Investments	$0
Net Receivables	$100M
Inventory	$76M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$276M
PP&E (Net)	$158M
Goodwill	$86M
Intangible Assets	$51M
Long-Term Investments	$130M
Tax Assets	$4M
Other Non-Current Assets	-$6.0K
TOTAL NON-CURRENT ASSETS	$429M
TOTAL ASSETS	$705M
Account Payables	$60M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$14M
TOTAL CURRENT LIABILITIES	$96M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$45M
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$142M
Common Stock	$33M
Additional Paid-In Capital	$0
Retained Earnings	$536M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$563M
Minority Interest	$0
TOTAL EQUITY	$563M
TOTAL LIABILITIES & EQUITY	$705M
Total Debt	$520.0K
Net Debt	-$91M