PETS FY 2019 Earnings Report — PetMed Express, Inc. Revenue & Financial Results | Market Cap Arena

PetMed Express, Inc.PETS

FY 2019 Earnings

Reported May 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$283M	—	$274M	—	3.5%
Op. Income	$46M	—	$52M	—	-11.4%
Gross Margin	33.6%	—	35.7%	—	-2.1pp
Net Margin	13.3%	—	13.6%	—	-0.3pp
EPS (Diluted)	$1.84	—	$1.82	—	1.1%
Free Cash Flow	$45M	—	$37M	—	21.4%

Revenue Flow

Item	Amount
REVENUE	$283M
Cost of Revenue	$188M
GROSS PROFIT	$95M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$25M
SG&A Expenses	$47M
Other Expenses	$2M
Operating Expenses	$49M
Cost & Expenses	$237M
OPERATING INCOME	$46M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$49M
Income Tax Expense	$11M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$2M
EBIT	$49M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$283M
Cost of Revenue	$188M
GROSS PROFIT	$95M
R&D Expenses	$0
Selling & Marketing	$22M
General & Administrative	$25M
SG&A Expenses	$47M
Other Expenses	$2M
Operating Expenses	$49M
Cost & Expenses	$237M
OPERATING INCOME	$46M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$49M
Income Tax Expense	$11M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$2M
EBIT	$49M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$2M
Stock-Based Compensation	$3M
Deferred Income Tax	$125.0K
Other Non-Cash Items	$85.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$45M
Capital Expenditure	-$620.0K
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$620.0K
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$22M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$45M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$101M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$21M
Other Current Assets	$1M
TOTAL CURRENT ASSETS	$126M
PP&E (Net)	$27M
Goodwill	$0
Intangible Assets	$860.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	-$28M
TOTAL NON-CURRENT ASSETS	$28M
TOTAL ASSETS	$154M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$613.0K
TOTAL CURRENT LIABILITIES	$19M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1M
TOTAL LIABILITIES	$20M
Common Stock	$21.0K
Additional Paid-In Capital	$12M
Retained Earnings	$122M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$135M
Minority Interest	$0
TOTAL EQUITY	$135M
TOTAL LIABILITIES & EQUITY	$154M
Total Debt	$0
Net Debt	-$101M