SBH FY 2013 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2013 Earnings

Reported November 14, 2013

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	$3.6B	—	$3.5B	—	2.8%
Op. Income	$520M	—	$499M	—	4.2%
Gross Margin	49.6%	—	49.5%	—	0.1pp
Net Margin	7.2%	—	6.6%	—	0.6pp
EPS (Diluted)	$1.48	—	$1.24	—	19.4%
Free Cash Flow	$226M	—	$228M	—	-1.3%

Revenue Flow

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$72M
Operating Expenses	$1.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$520M
Interest Income	$0
Interest Expense	$108M
Other Income/Expenses	-$108M
INCOME BEFORE TAX	$413M
Income Tax Expense	$152M
Net Income from Continuing Ops	$261M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$72M
EBIT	$520M
EBITDA	$593M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.6B
Cost of Revenue	$1.8B
GROSS PROFIT	$1.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$72M
Operating Expenses	$1.3B
Cost & Expenses	$3.1B
OPERATING INCOME	$520M
Interest Income	$0
Interest Expense	$108M
Other Income/Expenses	-$108M
INCOME BEFORE TAX	$413M
Income Tax Expense	$152M
Net Income from Continuing Ops	$261M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$261M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$261M
D&A	$72M
EBIT	$520M
EBITDA	$593M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$261M
Depreciation & Amortization	$72M
Stock-Based Compensation	$19M
Deferred Income Tax	$10M
Other Non-Cash Items	-$12M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$310M
Capital Expenditure	-$85M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$120.0K
NET CASH FROM INVESTING	-$107M
Net Debt Issuance	$74M
Common Stock Repurchased	-$510M
Common Dividends Paid	$0
Other Financing Activities	$39M
NET CASH FROM FINANCING	-$397M
FREE CASH FLOW	$226M
Net Change in Cash	-$193M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$808M
Other Current Assets	$32M
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$230M
Goodwill	$538M
Intangible Assets	$130M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$934M
TOTAL ASSETS	$2.0B
Account Payables	$273M
Short-Term Debt	$78M
Deferred Revenue	$21M
Other Current Liabilities	$93M
TOTAL CURRENT LIABILITIES	$543M
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$74M
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$2.3B
Common Stock	$2M
Additional Paid-In Capital	$91M
Retained Earnings	-$385M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$303M
Minority Interest	$0
TOTAL EQUITY	-$303M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$1.7B
Net Debt	$1.6B