SBH FY 2016 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2016 Earnings

Reported November 15, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$4.0B	—	$3.8B	—	3.1%
Op. Income	$498M	—	$495M	—	0.6%
Gross Margin	49.7%	—	49.5%	—	0.2pp
Net Margin	5.6%	—	6.1%	—	-0.5pp
EPS (Diluted)	$1.50	—	$1.49	—	0.7%
Free Cash Flow	$200M	—	$194M	—	2.8%

Revenue Flow

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$93M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$100M
Operating Expenses	$1.5B
Cost & Expenses	$3.5B
OPERATING INCOME	$498M
Interest Income	$0
Interest Expense	$144M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$354M
Income Tax Expense	$131M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$100M
EBIT	$498M
EBITDA	$598M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$4.0B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$93M
General & Administrative	$1.3B
SG&A Expenses	$1.4B
Other Expenses	$100M
Operating Expenses	$1.5B
Cost & Expenses	$3.5B
OPERATING INCOME	$498M
Interest Income	$0
Interest Expense	$144M
Other Income/Expenses	-$144M
INCOME BEFORE TAX	$354M
Income Tax Expense	$131M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$223M
D&A	$100M
EBIT	$498M
EBITDA	$598M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$100M
Stock-Based Compensation	$13M
Deferred Income Tax	$21M
Other Non-Cash Items	$36M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$351M
Capital Expenditure	-$151M
Acquisitions (Net)	-$26M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	-$39M
Common Stock Repurchased	-$209M
Common Dividends Paid	$0
Other Financing Activities	$16M
NET CASH FROM FINANCING	-$229M
FREE CASH FLOW	$200M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$87M
Short-Term Investments	$0
Net Receivables	$84M
Inventory	$907M
Other Current Assets	$95M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$320M
Goodwill	$533M
Intangible Assets	$93M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$959M
TOTAL ASSETS	$2.1B
Account Payables	$271M
Short-Term Debt	$716.0K
Deferred Revenue	$23M
Other Current Liabilities	$116M
TOTAL CURRENT LIABILITIES	$489M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$115M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.4B
Common Stock	$1M
Additional Paid-In Capital	$0
Retained Earnings	-$178M
Treasury Stock	$0
Accum. Other Comp. Income	-$100M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$276M
Minority Interest	$0
TOTAL EQUITY	-$276M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.8B
Net Debt	$1.7B