RH FY 2015 Earnings Report — Rh Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported March 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$2.1B	—	$1.9B	—	12.9%
Op. Income	$205M	—	$174M	—	17.7%
Gross Margin	35.7%	—	37.0%	—	-1.3pp
Net Margin	4.3%	—	4.9%	—	-0.6pp
EPS (Diluted)	$2.16	—	$2.20	—	-1.8%
Free Cash Flow	-$7M	—	-$37M	—	81.8%

Revenue Flow

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$753M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$565M
Other Expenses	$0
Operating Expenses	$565M
Cost & Expenses	$1.9B
OPERATING INCOME	$205M
Interest Income	$2M
Interest Expense	$38M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$150M
Income Tax Expense	$59M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$45M
EBIT	$188M
EBITDA	$232M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.1B
Cost of Revenue	$1.4B
GROSS PROFIT	$753M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$565M
Other Expenses	$0
Operating Expenses	$565M
Cost & Expenses	$1.9B
OPERATING INCOME	$205M
Interest Income	$2M
Interest Expense	$38M
Other Income/Expenses	-$55M
INCOME BEFORE TAX	$150M
Income Tax Expense	$59M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$45M
EBIT	$188M
EBITDA	$232M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$45M
Stock-Based Compensation	$24M
Deferred Income Tax	-$6M
Other Non-Cash Items	$15M
Change in Working Capital	-$43M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$133M
Acquisitions (Net)	$0
Purchases of Investments	-$237M
Sales/Maturities of Investments	$144M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$227M
Net Debt Issuance	$294M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$63M
NET CASH FROM FINANCING	$287M
FREE CASH FLOW	-$7M
Net Change in Cash	$183M

Balance Sheet

Item	Amount
Cash & Equivalents	$350M
Short-Term Investments	$131M
Net Receivables	$29M
Inventory	$748M
Other Current Assets	$20M
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$516M
Goodwill	$124M
Intangible Assets	$49M
Long-Term Investments	$37M
Tax Assets	$37M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$809M
TOTAL ASSETS	$2.1B
Account Payables	$157M
Short-Term Debt	$0
Deferred Revenue	$131M
Other Current Liabilities	$72M
TOTAL CURRENT LIABILITIES	$434M
Long-Term Debt	$537M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$176.0K
TOTAL NON-CURRENT LIABILITIES	$748M
TOTAL LIABILITIES	$1.2B
Common Stock	$4.0K
Additional Paid-In Capital	$764M
Retained Earnings	$145M
Treasury Stock	-$20M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$886M
Minority Interest	$0
TOTAL EQUITY	$886M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$747M
Net Debt	$416M