PLCE FY 2019 Earnings Report — The Children's Place, Inc. Revenue & Financial Results | Market Cap Arena

The Children's Place, Inc.PLCE

FY 2019 Earnings

Reported March 19, 2020

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	$1.9B	—	$1.9B	—	-3.5%
Op. Income	$102M	—	$116M	—	-12.0%
Gross Margin	31.0%	—	31.7%	—	-0.7pp
Net Margin	3.9%	—	5.2%	—	-1.3pp
EPS (Diluted)	$4.68	—	$6.01	—	-22.1%
Free Cash Flow	$43M	—	$69M	—	-36.8%

Revenue Flow

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$580M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$478M
Other Expenses	$0
Operating Expenses	$478M
Cost & Expenses	$1.8B
OPERATING INCOME	$102M
Interest Income	$253.0K
Interest Expense	$8M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$88M
Income Tax Expense	$15M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$224M
EBIT	$97M
EBITDA	$320M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.9B
Cost of Revenue	$1.3B
GROSS PROFIT	$580M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$478M
Other Expenses	$0
Operating Expenses	$478M
Cost & Expenses	$1.8B
OPERATING INCOME	$102M
Interest Income	$253.0K
Interest Expense	$8M
Other Income/Expenses	-$14M
INCOME BEFORE TAX	$88M
Income Tax Expense	$15M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$224M
EBIT	$97M
EBITDA	$320M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$75M
Stock-Based Compensation	$16M
Deferred Income Tax	$5M
Other Non-Cash Items	$155M
Change in Working Capital	-$147M
OPERATING CASH FLOW	$178M
Capital Expenditure	-$134M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$103.0K
NET CASH FROM INVESTING	-$134M
Net Debt Issuance	$122M
Common Stock Repurchased	-$131M
Common Dividends Paid	-$35M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$44M
FREE CASH FLOW	$43M
Net Change in Cash	-$649.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$0
Net Receivables	$33M
Inventory	$327M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$450M
PP&E (Net)	$631M
Goodwill	$0
Intangible Assets	$73M
Long-Term Investments	$0
Tax Assets	$13M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$732M
TOTAL ASSETS	$1.2B
Account Payables	$213M
Short-Term Debt	$293M
Deferred Revenue	$4M
Other Current Liabilities	$62M
TOTAL CURRENT LIABILITIES	$595M
Long-Term Debt	$0
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$351M
TOTAL LIABILITIES	$946M
Common Stock	$1M
Additional Paid-In Capital	$139M
Retained Earnings	$108M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$235M
Minority Interest	$0
TOTAL EQUITY	$235M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$605M
Net Debt	$536M