SBH FY 2015 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2015 Earnings

Reported November 12, 2015

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	$3.8B	—	$3.8B	—	2.2%
Op. Income	$495M	—	$507M	—	-2.3%
Gross Margin	49.5%	—	49.6%	—	-0.1pp
Net Margin	6.1%	—	6.6%	—	-0.4pp
EPS (Diluted)	$1.49	—	$1.51	—	-1.3%
Free Cash Flow	$194M	—	$239M	—	-18.8%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$95M
General & Administrative	$1.2B
SG&A Expenses	$1.3B
Other Expenses	$89M
Operating Expenses	$1.4B
Cost & Expenses	$3.3B
OPERATING INCOME	$495M
Interest Income	$0
Interest Expense	$117M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$378M
Income Tax Expense	$143M
Net Income from Continuing Ops	$235M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$235M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$235M
D&A	$89M
EBIT	$495M
EBITDA	$585M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$95M
General & Administrative	$1.2B
SG&A Expenses	$1.3B
Other Expenses	$89M
Operating Expenses	$1.4B
Cost & Expenses	$3.3B
OPERATING INCOME	$495M
Interest Income	$0
Interest Expense	$117M
Other Income/Expenses	-$117M
INCOME BEFORE TAX	$378M
Income Tax Expense	$143M
Net Income from Continuing Ops	$235M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$235M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$235M
D&A	$89M
EBIT	$495M
EBITDA	$585M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$235M
Depreciation & Amortization	$89M
Stock-Based Compensation	$17M
Deferred Income Tax	$7M
Other Non-Cash Items	-$16M
Change in Working Capital	-$32M
OPERATING CASH FLOW	$301M
Capital Expenditure	-$107M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$182.0K
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	-$831.0K
Common Stock Repurchased	-$228M
Common Dividends Paid	$0
Other Financing Activities	$76M
NET CASH FROM FINANCING	-$152M
FREE CASH FLOW	$194M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$140M
Short-Term Investments	$0
Net Receivables	$91M
Inventory	$885M
Other Current Assets	$71M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$271M
Goodwill	$524M
Intangible Assets	$99M
Long-Term Investments	-$34M
Tax Assets	$34M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$907M
TOTAL ASSETS	$2.1B
Account Payables	$276M
Short-Term Debt	$755.0K
Deferred Revenue	$23M
Other Current Liabilities	$105M
TOTAL CURRENT LIABILITIES	$492M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$86M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.4B
Common Stock	$2M
Additional Paid-In Capital	$0
Retained Earnings	-$219M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$78M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$298M
Minority Interest	$0
TOTAL EQUITY	-$298M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.8B
Net Debt	$1.6B