NGVC FY 2020 Earnings Report — Natural Grocers by Vitamin Cottage, Inc. Revenue & Financial Results | Market Cap Arena

Natural Grocers by Vitamin Cottage, Inc.NGVC

FY 2020 Earnings

Reported December 10, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.0B	—	$904M	—	14.7%
Op. Income	$28M	—	$17M	—	65.5%
Gross Margin	27.3%	—	26.4%	—	0.9pp
Net Margin	1.9%	—	1.0%	—	0.9pp
EPS (Diluted)	$0.89	—	$0.42	—	111.9%
Free Cash Flow	$37M	—	$5M	—	694.1%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$754M
GROSS PROFIT	$283M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$229M
Operating Expenses	$255M
Cost & Expenses	$1.0B
OPERATING INCOME	$28M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$26M
Income Tax Expense	$6M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$32M
EBIT	$28M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$754M
GROSS PROFIT	$283M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$229M
Operating Expenses	$255M
Cost & Expenses	$1.0B
OPERATING INCOME	$28M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$26M
Income Tax Expense	$6M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$32M
EBIT	$28M
EBITDA	$60M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$31M
Stock-Based Compensation	$1M
Deferred Income Tax	$4M
Other Non-Cash Items	$582.0K
Change in Working Capital	$10M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$27.0K
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$337.0K
Common Dividends Paid	-$6M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$15M
FREE CASH FLOW	$37M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$100M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$143M
PP&E (Net)	$527M
Goodwill	$5M
Intangible Assets	$5M
Long-Term Investments	-$14M
Tax Assets	$14M
Other Non-Current Assets	$647.0K
TOTAL NON-CURRENT ASSETS	$538M
TOTAL ASSETS	$682M
Account Payables	$69M
Short-Term Debt	$35M
Deferred Revenue	$2M
Other Current Liabilities	-$25M
TOTAL CURRENT LIABILITIES	$129M
Long-Term Debt	$365M
Deferred Revenue NC	-$365M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$380M
TOTAL LIABILITIES	$509M
Common Stock	$23.0K
Additional Paid-In Capital	$57M
Retained Earnings	$116M
Treasury Stock	$0
Accum. Other Comp. Income	-$206M
Other Equity	$57M
TOTAL STOCKHOLDERS' EQUITY	$173M
Minority Interest	$0
TOTAL EQUITY	$173M
TOTAL LIABILITIES & EQUITY	$682M
Total Debt	$400M
Net Debt	$372M