LE FY 2013 Earnings Report — Lands' End, Inc. Revenue & Financial Results | Market Cap Arena

Lands' End, Inc.LE

FY 2013 Earnings

Reported March 25, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.6B	—	$1.6B	—	-1.5%
Op. Income	$128M	—	$82M	—	56.5%
Gross Margin	45.5%	—	44.4%	—	1.1pp
Net Margin	5.0%	—	3.1%	—	1.9pp
EPS (Diluted)	$2.47	—	$1.63	—	51.5%
Free Cash Flow	$105M	—	$81M	—	29.3%

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$853M
GROSS PROFIT	$710M
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$362M
SG&A Expenses	$560M
Other Expenses	$50.0K
Operating Expenses	$582M
Cost & Expenses	$1.4B
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$50.0K
INCOME BEFORE TAX	$128M
Income Tax Expense	$50M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$22M
EBIT	$128M
EBITDA	$150M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$853M
GROSS PROFIT	$710M
R&D Expenses	$0
Selling & Marketing	$199M
General & Administrative	$362M
SG&A Expenses	$560M
Other Expenses	$50.0K
Operating Expenses	$582M
Cost & Expenses	$1.4B
OPERATING INCOME	$128M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$50.0K
INCOME BEFORE TAX	$128M
Income Tax Expense	$50M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$22M
EBIT	$128M
EBITDA	$150M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$22M
Stock-Based Compensation	$0
Deferred Income Tax	-$5M
Other Non-Cash Items	$70.0K
Change in Working Capital	$19M
OPERATING CASH FLOW	$115M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$14.0K
NET CASH FROM INVESTING	-$10M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$111M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$111M
FREE CASH FLOW	$105M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$0
Net Receivables	$34M
Inventory	$370M
Other Current Assets	$19M
TOTAL CURRENT ASSETS	$451M
PP&E (Net)	$101M
Goodwill	$110M
Intangible Assets	$531M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$588.0K
TOTAL NON-CURRENT ASSETS	$743M
TOTAL ASSETS	$1.2B
Account Payables	$115M
Short-Term Debt	$0
Deferred Revenue	$45M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$203M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$196M
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$199M
TOTAL LIABILITIES	$402M
Common Stock	$794M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$792M
Minority Interest	$0
TOTAL EQUITY	$792M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$22M