SBH FY 2012 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2012 Earnings

Reported November 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.3B	—	7.8%
Op. Income	$499M	—	$448M	—	11.3%
Gross Margin	49.5%	—	48.8%	—	0.7pp
Net Margin	6.6%	—	6.5%	—	0.1pp
EPS (Diluted)	$1.24	—	$1.14	—	8.8%
Free Cash Flow	$228M	—	$232M	—	-1.5%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$65M
Operating Expenses	$1.2B
Cost & Expenses	$3.0B
OPERATING INCOME	$499M
Interest Income	$0
Interest Expense	$138M
Other Income/Expenses	-$138M
INCOME BEFORE TAX	$361M
Income Tax Expense	$128M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$65M
EBIT	$499M
EBITDA	$564M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.7B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$65M
Operating Expenses	$1.2B
Cost & Expenses	$3.0B
OPERATING INCOME	$499M
Interest Income	$0
Interest Expense	$138M
Other Income/Expenses	-$138M
INCOME BEFORE TAX	$361M
Income Tax Expense	$128M
Net Income from Continuing Ops	$233M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$233M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$233M
D&A	$65M
EBIT	$499M
EBITDA	$564M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$233M
Depreciation & Amortization	$65M
Stock-Based Compensation	$17M
Deferred Income Tax	$2M
Other Non-Cash Items	$29M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$298M
Capital Expenditure	-$69M
Acquisitions (Net)	-$44M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$108.0K
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	$180M
Common Stock Repurchased	-$200M
Common Dividends Paid	$0
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$9M
FREE CASH FLOW	$228M
Net Change in Cash	$177M

Balance Sheet

Item	Amount
Cash & Equivalents	$240M
Short-Term Investments	$0
Net Receivables	$125M
Inventory	$735M
Other Current Assets	$33M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$203M
Goodwill	$532M
Intangible Assets	$128M
Long-Term Investments	-$33M
Tax Assets	$33M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$902M
TOTAL ASSETS	$2.1B
Account Payables	$262M
Short-Term Debt	$2M
Deferred Revenue	$19M
Other Current Liabilities	$101M
TOTAL CURRENT LIABILITIES	$477M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$64M
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.2B
Common Stock	$2M
Additional Paid-In Capital	$540M
Retained Earnings	-$646M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$115M
Minority Interest	$0
TOTAL EQUITY	-$115M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.6B
Net Debt	$1.4B