SBH FY 2008 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2008 Earnings

Reported November 20, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$2.6B	—	$2.5B	—	5.3%
Op. Income	$283M	—	$229M	—	23.8%
Gross Margin	46.6%	—	45.9%	—	0.7pp
Net Margin	2.9%	—	1.8%	—	1.2pp
EPS (Diluted)	$0.42	—	$0.24	—	75.0%
Free Cash Flow	$65M	—	$139M	—	-53.3%

Revenue Flow

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$903M
SG&A Expenses	$903M
Other Expenses	$49M
Operating Expenses	$952M
Cost & Expenses	$2.4B
OPERATING INCOME	$283M
Interest Income	$0
Interest Expense	$159M
Other Income/Expenses	-$159M
INCOME BEFORE TAX	$124M
Income Tax Expense	$46M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$57M
EBIT	$279M
EBITDA	$331M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$2.6B
Cost of Revenue	$1.4B
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$903M
SG&A Expenses	$903M
Other Expenses	$49M
Operating Expenses	$952M
Cost & Expenses	$2.4B
OPERATING INCOME	$283M
Interest Income	$0
Interest Expense	$159M
Other Income/Expenses	-$159M
INCOME BEFORE TAX	$124M
Income Tax Expense	$46M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$57M
EBIT	$279M
EBITDA	$331M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$57M
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	$7M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$46M
Acquisitions (Net)	-$53M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$288.0K
NET CASH FROM INVESTING	-$98M
Net Debt Issuance	$45M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	$48M
FREE CASH FLOW	$65M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$0
Net Receivables	$67M
Inventory	$598M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$806M
PP&E (Net)	$156M
Goodwill	$425M
Intangible Assets	$85M
Long-Term Investments	-$21M
Tax Assets	$21M
Other Non-Current Assets	$55M
TOTAL NON-CURRENT ASSETS	$721M
TOTAL ASSETS	$1.5B
Account Payables	$172M
Short-Term Debt	$101M
Deferred Revenue	$155M
Other Current Liabilities	$96M
TOTAL CURRENT LIABILITIES	$438M
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.2B
Common Stock	$2M
Additional Paid-In Capital	$623M
Retained Earnings	-$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$703M
Minority Interest	$0
TOTAL EQUITY	-$703M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$1.8B
Net Debt	$1.7B