PLAY FY 2018 Earnings Report — Dave & Buster's Entertainment, Inc. Revenue & Financial Results | Market Cap Arena

Dave & Buster's Entertainment, Inc.PLAY

FY 2018 Earnings

Reported April 2, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	11.0%
Op. Income	$161M	—	$166M	—	-2.9%
Gross Margin	82.6%	—	82.7%	—	-0.2pp
Net Margin	9.3%	—	10.6%	—	-1.3pp
EPS (Diluted)	$2.93	—	$2.84	—	3.2%
Free Cash Flow	$121M	—	$45M	—	171.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$220M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$358M
SG&A Expenses	$358M
Other Expenses	$526M
Operating Expenses	$884M
Cost & Expenses	$1.1B
OPERATING INCOME	$161M
Interest Income	$136.0K
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$148M
Income Tax Expense	$31M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$118M
EBIT	$160M
EBITDA	$278M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$220M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$358M
SG&A Expenses	$358M
Other Expenses	$526M
Operating Expenses	$884M
Cost & Expenses	$1.1B
OPERATING INCOME	$161M
Interest Income	$136.0K
Interest Expense	$13M
Other Income/Expenses	-$13M
INCOME BEFORE TAX	$148M
Income Tax Expense	$31M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$118M
EBIT	$160M
EBITDA	$278M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$118M
Stock-Based Compensation	$7M
Deferred Income Tax	$5M
Other Non-Cash Items	$2M
Change in Working Capital	$87M
OPERATING CASH FLOW	$338M
Capital Expenditure	-$216M
Acquisitions (Net)	$12M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	$27M
Common Stock Repurchased	-$150M
Common Dividends Paid	-$12M
Other Financing Activities	$3M
NET CASH FROM FINANCING	-$131M
FREE CASH FLOW	$121M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$0
Net Receivables	$13M
Inventory	$27M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$91M
PP&E (Net)	$805M
Goodwill	$273M
Intangible Assets	$79M
Long-Term Investments	$0
Tax Assets	$7M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.3B
Account Payables	$60M
Short-Term Debt	$15M
Deferred Revenue	$77M
Other Current Liabilities	$40M
TOTAL CURRENT LIABILITIES	$244M
Long-Term Debt	$378M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$248M
TOTAL NON-CURRENT LIABILITIES	$641M
TOTAL LIABILITIES	$885M
Common Stock	$432.0K
Additional Paid-In Capital	$331M
Retained Earnings	$354M
Treasury Stock	-$297M
Accum. Other Comp. Income	-$683.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$388M
Minority Interest	$0
TOTAL EQUITY	$388M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$393M
Net Debt	$372M