KLC Q1 2022 Earnings Report — KinderCare Learning Companies, Inc. Revenue & Financial Results | Market Cap Arena

KinderCare Learning Companies, Inc.KLC

Q1 2022 Earnings

Reported March 31, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2022	Q4 2021	Q1 2021	QoQ Change	YoY Change
Revenue	$498M	$476M	$400M	4.6%	24.3%
Op. Income	$116M	$84M	-$2M	37.3%	5752.3%
Gross Margin	36.3%	36.5%	10.4%	-0.2pp	25.9pp
Net Margin	14.4%	9.9%	-4.8%	4.5pp	19.2pp
EPS (Diluted)	$0.63	$0.41	$-0.17	52.5%	469.3%
Free Cash Flow	$142M	-$4M	-$2M	3884.8%	6387.2%

Revenue Flow

Item	Amount
REVENUE	$498M
Cost of Revenue	$317M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$65M
Operating Expenses	$65M
Cost & Expenses	$382M
OPERATING INCOME	$116M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$94M
Income Tax Expense	$22M
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	$19M
EBIT	$108M
EBITDA	$128M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$498M
Cost of Revenue	$317M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$65M
Operating Expenses	$65M
Cost & Expenses	$382M
OPERATING INCOME	$116M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$94M
Income Tax Expense	$22M
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	$19M
EBIT	$108M
EBITDA	$128M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$19M
Stock-Based Compensation	$2M
Deferred Income Tax	$18M
Other Non-Cash Items	$5M
Change in Working Capital	$43M
OPERATING CASH FLOW	$159M
Capital Expenditure	-$17M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$65.0K
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$142M
Net Change in Cash	$134M

Balance Sheet

Item	Amount
Cash & Equivalents	$311M
Short-Term Investments	$0
Net Receivables	$61M
Inventory	$0
Other Current Assets	$64M
TOTAL CURRENT ASSETS	$436M
PP&E (Net)	$1.7B
Goodwill	$992M
Intangible Assets	$432M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.6B
Account Payables	$164M
Short-Term Debt	$18M
Deferred Revenue	$71M
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$419M
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$65M
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$3.3B
Common Stock	$79.0K
Additional Paid-In Capital	$456M
Retained Earnings	-$127M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$329M
Minority Interest	$0
TOTAL EQUITY	$329M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$2.9B
Net Debt	$2.6B