KLC FY 2022 Earnings Report — KinderCare Learning Companies, Inc. Revenue & Financial Results | Market Cap Arena

KinderCare Learning Companies, Inc.KLC

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$2.2B	—	$1.8B	—	19.8%
Op. Income	$389M	—	$212M	—	83.4%
Gross Margin	20.5%	—	20.4%	—	0.1pp
Net Margin	10.1%	—	4.9%	—	5.2pp
EPS (Diluted)	$1.92	—	$0.77	—	147.9%
Free Cash Flow	$202M	—	$116M	—	73.7%

Revenue Flow

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$444M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$248M
SG&A Expenses	$267M
Other Expenses	-$213M
Operating Expenses	$55M
Cost & Expenses	$1.8B
OPERATING INCOME	$389M
Interest Income	$3M
Interest Expense	$101M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$288M
Income Tax Expense	$69M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$89M
EBIT	$88M
EBITDA	$177M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.2B
Cost of Revenue	$1.7B
GROSS PROFIT	$444M
R&D Expenses	$0
Selling & Marketing	$20M
General & Administrative	$248M
SG&A Expenses	$267M
Other Expenses	-$213M
Operating Expenses	$55M
Cost & Expenses	$1.8B
OPERATING INCOME	$389M
Interest Income	$3M
Interest Expense	$101M
Other Income/Expenses	-$102M
INCOME BEFORE TAX	$288M
Income Tax Expense	$69M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$219M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$219M
D&A	$89M
EBIT	$88M
EBITDA	$177M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$219M
Depreciation & Amortization	$89M
Stock-Based Compensation	$10M
Deferred Income Tax	$26M
Other Non-Cash Items	$25M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$342M
Capital Expenditure	-$139M
Acquisitions (Net)	-$158M
Purchases of Investments	-$5M
Sales/Maturities of Investments	$2M
Other Investing Activities	$299.0K
NET CASH FROM INVESTING	-$300M
Net Debt Issuance	-$44M
Common Stock Repurchased	-$73M
Common Dividends Paid	$0
Other Financing Activities	-$807.0K
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$202M
Net Change in Cash	-$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$0
Net Receivables	$94M
Inventory	$0
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$234M
PP&E (Net)	$1.8B
Goodwill	$1.1B
Intangible Assets	$448M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.7B
Account Payables	$57M
Short-Term Debt	$13M
Deferred Revenue	$53M
Other Current Liabilities	$110M
TOTAL CURRENT LIABILITIES	$410M
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$77M
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.3B
Common Stock	$76.0K
Additional Paid-In Capital	$389M
Retained Earnings	$21M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$408M
Minority Interest	$0
TOTAL EQUITY	$408M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$2.9B
Net Debt	$2.8B