NGVC FY 2016 Earnings Report — Natural Grocers by Vitamin Cottage, Inc. Revenue & Financial Results | Market Cap Arena

Natural Grocers by Vitamin Cottage, Inc.NGVC

FY 2016 Earnings

Reported December 8, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$705M	—	$625M	—	12.9%
Op. Income	$20M	—	$29M	—	-28.8%
Gross Margin	28.6%	—	29.2%	—	-0.6pp
Net Margin	1.6%	—	2.6%	—	-1.0pp
EPS (Diluted)	$0.51	—	$0.72	—	-29.2%
Free Cash Flow	-$25M	—	$4M	—	-686.2%

Revenue Flow

Item	Amount
REVENUE	$705M
Cost of Revenue	$504M
GROSS PROFIT	$202M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$162M
Operating Expenses	$181M
Cost & Expenses	$685M
OPERATING INCOME	$20M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$17M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$26M
EBIT	$20M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$705M
Cost of Revenue	$504M
GROSS PROFIT	$202M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$162M
Operating Expenses	$181M
Cost & Expenses	$685M
OPERATING INCOME	$20M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$17M
Income Tax Expense	$6M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$26M
EBIT	$20M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$26M
Stock-Based Compensation	$879.0K
Deferred Income Tax	$7M
Other Non-Cash Items	$10.0K
Change in Working Capital	-$16M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$54M
Acquisitions (Net)	$19.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$19.0K
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	$27M
Common Stock Repurchased	-$829.0K
Common Dividends Paid	$0
Other Financing Activities	-$161.0K
NET CASH FROM FINANCING	$26M
FREE CASH FLOW	-$25M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$4M
Short-Term Investments	$0
Net Receivables	$4M
Inventory	$86M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$97M
PP&E (Net)	$178M
Goodwill	$5M
Intangible Assets	$403.0K
Long-Term Investments	-$12M
Tax Assets	$12M
Other Non-Current Assets	$971.0K
TOTAL NON-CURRENT ASSETS	$185M
TOTAL ASSETS	$282M
Account Payables	$54M
Short-Term Debt	$478.0K
Deferred Revenue	$866.0K
Other Current Liabilities	$7M
TOTAL CURRENT LIABILITIES	$67M
Long-Term Debt	$27M
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$89M
TOTAL LIABILITIES	$156M
Common Stock	$23.0K
Additional Paid-In Capital	$55M
Retained Earnings	$72M
Treasury Stock	-$690.0K
Accum. Other Comp. Income	-$114M
Other Equity	$114M
TOTAL STOCKHOLDERS' EQUITY	$127M
Minority Interest	$0
TOTAL EQUITY	$127M
TOTAL LIABILITIES & EQUITY	$282M
Total Debt	$59M
Net Debt	$55M