LE FY 2000 Earnings Report — Lands' End, Inc. Revenue & Financial Results | Market Cap Arena

Lands' End, Inc.LE

FY 2000 Earnings

Reported April 23, 2001

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2000	Prior Q	FY 1999	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.3B	—	10.8%
Op. Income	$55M	—	$122M	—	-54.9%
Gross Margin	44.1%	—	46.5%	—	-2.3pp
Net Margin	2.4%	—	3.6%	—	-1.3pp
EPS (Diluted)	$1.14	—	$1.56	—	-26.9%
Free Cash Flow	$16M	—	$95M	—	-83.1%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$817M
GROSS PROFIT	$645M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$560M
Other Expenses	$30M
Operating Expenses	$590M
Cost & Expenses	$1.4B
OPERATING INCOME	$55M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	-$23M
EBIT	$55M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$817M
GROSS PROFIT	$645M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$560M
Other Expenses	$30M
Operating Expenses	$590M
Cost & Expenses	$1.4B
OPERATING INCOME	$55M
Interest Income	$0
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$20M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	-$23M
EBIT	$55M
EBITDA	$78M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	-$23M
Stock-Based Compensation	$0
Deferred Income Tax	$5M
Other Non-Cash Items	$52M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$61M
Capital Expenditure	-$45M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$17M
NET CASH FROM FINANCING	-$17M
FREE CASH FLOW	$16M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$0
Net Receivables	$20M
Inventory	$188M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$322M
PP&E (Net)	$185M
Goodwill	$0
Intangible Assets	$651.0K
Long-Term Investments	$0
Tax Assets	$15M
Other Non-Current Assets	-$15M
TOTAL NON-CURRENT ASSETS	$186M
TOTAL ASSETS	$508M
Account Payables	$96M
Short-Term Debt	$17M
Deferred Revenue	$2M
Other Current Liabilities	$63M
TOTAL CURRENT LIABILITIES	$179M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	-$67.0K
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$193M
Common Stock	$402.0K
Additional Paid-In Capital	$32M
Retained Earnings	$489M
Treasury Stock	-$221M
Accum. Other Comp. Income	$29M
Other Equity	$14M
TOTAL STOCKHOLDERS' EQUITY	$314M
Minority Interest	$0
TOTAL EQUITY	$314M
TOTAL LIABILITIES & EQUITY	$508M
Total Debt	$17M
Net Debt	-$58M