LE FY 2001 Earnings Report — Lands' End, Inc. Revenue & Financial Results | Market Cap Arena

Lands' End, Inc.LE

FY 2001 Earnings

Reported January 31, 2002

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2001	Prior Q	FY 2000	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.5B	—	7.3%
Op. Income	$113M	—	$55M	—	105.7%
Gross Margin	43.9%	—	44.1%	—	-0.2pp
Net Margin	4.3%	—	2.4%	—	1.9pp
EPS (Diluted)	$2.23	—	$1.14	—	95.6%
Free Cash Flow	$33M	—	$16M	—	106.1%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$880M
GROSS PROFIT	$689M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$576M
Other Expenses	$0
Operating Expenses	$576M
Cost & Expenses	$1.5B
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$108M
Income Tax Expense	$41M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$67M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	-$27M
EBIT	$113M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$880M
GROSS PROFIT	$689M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$576M
Other Expenses	$0
Operating Expenses	$576M
Cost & Expenses	$1.5B
OPERATING INCOME	$113M
Interest Income	$0
Interest Expense	$65M
Other Income/Expenses	-$5M
INCOME BEFORE TAX	$108M
Income Tax Expense	$41M
Net Income from Continuing Ops	$67M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$67M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$67M
D&A	-$27M
EBIT	$113M
EBITDA	$140M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$67M
Depreciation & Amortization	-$27M
Stock-Based Compensation	$0
Deferred Income Tax	-$7M
Other Non-Cash Items	$54M
Change in Working Capital	-$24M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$41M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$41M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$14M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$33M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$122M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$227M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$403M
PP&E (Net)	$194M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$13M
Other Non-Current Assets	-$10M
TOTAL NON-CURRENT ASSETS	$197M
TOTAL ASSETS	$599M
Account Payables	$83M
Short-Term Debt	$16M
Deferred Revenue	$5M
Other Current Liabilities	$81M
TOTAL CURRENT LIABILITIES	$186M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$13M
Other Non-Current Liabilities	-$38.0K
TOTAL NON-CURRENT LIABILITIES	$13M
TOTAL LIABILITIES	$198M
Common Stock	$402.0K
Additional Paid-In Capital	$40M
Retained Earnings	$556M
Treasury Stock	-$207M
Accum. Other Comp. Income	$23M
Other Equity	$12M
TOTAL STOCKHOLDERS' EQUITY	$401M
Minority Interest	$0
TOTAL EQUITY	$401M
TOTAL LIABILITIES & EQUITY	$599M
Total Debt	$16M
Net Debt	-$106M