PLCE FY 2013 Earnings Report — The Children's Place, Inc. Revenue & Financial Results | Market Cap Arena

The Children's Place, Inc.PLCE

FY 2013 Earnings

Reported March 20, 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	$1.8B	—	$1.8B	—	-2.4%
Op. Income	$105M	—	$107M	—	-1.9%
Gross Margin	33.5%	—	33.9%	—	-0.5pp
Net Margin	3.0%	—	3.5%	—	-0.5pp
EPS (Diluted)	$2.32	—	$2.58	—	-10.1%
Free Cash Flow	$101M	—	$115M	—	-12.2%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$591M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$0
Operating Expenses	$486M
Cost & Expenses	$1.7B
OPERATING INCOME	$105M
Interest Income	$1M
Interest Expense	$858.0K
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$77M
Income Tax Expense	$24M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$65M
EBIT	$77M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.2B
GROSS PROFIT	$591M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$486M
Other Expenses	$0
Operating Expenses	$486M
Cost & Expenses	$1.7B
OPERATING INCOME	$105M
Interest Income	$1M
Interest Expense	$858.0K
Other Income/Expenses	-$28M
INCOME BEFORE TAX	$77M
Income Tax Expense	$24M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$65M
EBIT	$77M
EBITDA	$142M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$65M
Stock-Based Compensation	$21M
Deferred Income Tax	-$4M
Other Non-Cash Items	$24M
Change in Working Capital	$14M
OPERATING CASH FLOW	$173M
Capital Expenditure	-$73M
Acquisitions (Net)	$0
Purchases of Investments	-$48M
Sales/Maturities of Investments	$0
Other Investing Activities	$406.0K
NET CASH FROM INVESTING	-$120M
Net Debt Issuance	$0
Common Stock Repurchased	-$66M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$64M
FREE CASH FLOW	$101M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$174M
Short-Term Investments	$63M
Net Receivables	$26M
Inventory	$322M
Other Current Assets	$14M
TOTAL CURRENT ASSETS	$629M
PP&E (Net)	$312M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$46M
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$361M
TOTAL ASSETS	$991M
Account Payables	$151M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$92M
TOTAL CURRENT LIABILITIES	$271M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$103M
TOTAL LIABILITIES	$374M
Common Stock	$2M
Additional Paid-In Capital	$227M
Retained Earnings	$390M
Treasury Stock	-$2M
Accum. Other Comp. Income	$46.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$617M
Minority Interest	$0
TOTAL EQUITY	$617M
TOTAL LIABILITIES & EQUITY	$991M
Total Debt	$0
Net Debt	-$174M