KLC FY 2021 Earnings Report — KinderCare Learning Companies, Inc. Revenue & Financial Results | Market Cap Arena

KinderCare Learning Companies, Inc.KLC

FY 2021 Earnings

Reported December 30, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.4B	—	32.3%
Op. Income	$212M	—	-$70M	—	401.4%
Gross Margin	20.4%	—	12.1%	—	8.3pp
Net Margin	4.9%	—	-9.5%	—	14.4pp
EPS (Diluted)	$0.77	—	$-1.13	—	168.3%
Free Cash Flow	$116M	—	-$35M	—	436.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$204M
SG&A Expenses	$227M
Other Expenses	-$71M
Operating Expenses	$156M
Cost & Expenses	$1.6B
OPERATING INCOME	$212M
Interest Income	$14.0K
Interest Expense	$97M
Other Income/Expenses	-$96M
INCOME BEFORE TAX	$116M
Income Tax Expense	$28M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$82M
EBIT	$59M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$204M
SG&A Expenses	$227M
Other Expenses	-$71M
Operating Expenses	$156M
Cost & Expenses	$1.6B
OPERATING INCOME	$212M
Interest Income	$14.0K
Interest Expense	$97M
Other Income/Expenses	-$96M
INCOME BEFORE TAX	$116M
Income Tax Expense	$28M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$82M
EBIT	$59M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$82M
Stock-Based Compensation	$909.0K
Deferred Income Tax	$20M
Other Non-Cash Items	$15M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$183M
Capital Expenditure	-$67M
Acquisitions (Net)	-$14M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$905.0K
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$116M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$177M
Short-Term Investments	$0
Net Receivables	$95M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$304M
PP&E (Net)	$1.7B
Goodwill	$992M
Intangible Assets	$434M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.5B
Account Payables	$48M
Short-Term Debt	$23M
Deferred Revenue	$47M
Other Current Liabilities	$108M
TOTAL CURRENT LIABILITIES	$380M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$47M
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.2B
Common Stock	$454M
Additional Paid-In Capital	$0
Retained Earnings	-$199M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$256M
Minority Interest	$0
TOTAL EQUITY	$256M
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$2.9B
Net Debt	$2.7B