JOUT FY 2018 Earnings Report — Johnson Outdoors Inc. Revenue & Financial Results | Market Cap Arena

Johnson Outdoors Inc.JOUT

FY 2018 Earnings

Reported December 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$544M	—	$491M	—	10.9%
Op. Income	$63M	—	$46M	—	38.2%
Gross Margin	44.4%	—	43.0%	—	1.4pp
Net Margin	7.5%	—	7.2%	—	0.3pp
EPS (Diluted)	$4.07	—	$3.51	—	16.0%
Free Cash Flow	$44M	—	$35M	—	27.3%

Revenue Flow

Item	Amount
REVENUE	$544M
Cost of Revenue	$302M
GROSS PROFIT	$242M
R&D Expenses	$20M
Selling & Marketing	$113M
General & Administrative	$46M
SG&A Expenses	$158M
Other Expenses	$0
Operating Expenses	$179M
Cost & Expenses	$481M
OPERATING INCOME	$63M
Interest Income	$1M
Interest Expense	$203.0K
Other Income/Expenses	$5M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$13M
EBIT	$68M
EBITDA	$81M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$544M
Cost of Revenue	$302M
GROSS PROFIT	$242M
R&D Expenses	$20M
Selling & Marketing	$113M
General & Administrative	$46M
SG&A Expenses	$158M
Other Expenses	$0
Operating Expenses	$179M
Cost & Expenses	$481M
OPERATING INCOME	$63M
Interest Income	$1M
Interest Expense	$203.0K
Other Income/Expenses	$5M
INCOME BEFORE TAX	$68M
Income Tax Expense	$27M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$13M
EBIT	$68M
EBITDA	$81M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$13M
Stock-Based Compensation	$2M
Deferred Income Tax	$11M
Other Non-Cash Items	-$8M
Change in Working Capital	$5M
OPERATING CASH FLOW	$63M
Capital Expenditure	-$19M
Acquisitions (Net)	$19M
Purchases of Investments	-$35M
Sales/Maturities of Investments	$53M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	$48.0K
Net Debt Issuance	$0
Common Stock Repurchased	-$675.0K
Common Dividends Paid	-$4M
Other Financing Activities	$90.0K
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$44M
Net Change in Cash	$58M

Balance Sheet

Item	Amount
Cash & Equivalents	$122M
Short-Term Investments	$29M
Net Receivables	$41M
Inventory	$89M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$286M
PP&E (Net)	$56M
Goodwill	$11M
Intangible Assets	$12M
Long-Term Investments	$0
Tax Assets	$12M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$110M
TOTAL ASSETS	$396M
Account Payables	$34M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$93M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$24M
TOTAL LIABILITIES	$117M
Common Stock	$503.0K
Additional Paid-In Capital	$75M
Retained Earnings	$203M
Treasury Stock	-$3M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$279M
Minority Interest	$0
TOTAL EQUITY	$279M
TOTAL LIABILITIES & EQUITY	$396M
Total Debt	$0
Net Debt	-$122M