SBH FY 2017 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2017 Earnings

Reported November 15, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.9B	—	$4.0B	—	-0.4%
Op. Income	$479M	—	$498M	—	-4.0%
Gross Margin	49.9%	—	49.7%	—	0.2pp
Net Margin	5.5%	—	5.6%	—	-0.2pp
EPS (Diluted)	$1.56	—	$1.50	—	4.0%
Free Cash Flow	$255M	—	$200M	—	27.5%

Revenue Flow

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$112M
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$479M
Interest Income	$0
Interest Expense	$133M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$346M
Income Tax Expense	$131M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$215M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$215M
D&A	$112M
EBIT	$479M
EBITDA	$591M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.9B
Cost of Revenue	$2.0B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$82M
General & Administrative	$1.3B
SG&A Expenses	$1.3B
Other Expenses	$112M
Operating Expenses	$1.5B
Cost & Expenses	$3.4B
OPERATING INCOME	$479M
Interest Income	$0
Interest Expense	$133M
Other Income/Expenses	-$133M
INCOME BEFORE TAX	$346M
Income Tax Expense	$131M
Net Income from Continuing Ops	$215M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$215M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$215M
D&A	$112M
EBIT	$479M
EBITDA	$591M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$215M
Depreciation & Amortization	$112M
Stock-Based Compensation	$11M
Deferred Income Tax	$14M
Other Non-Cash Items	$42M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$344M
Capital Expenditure	-$90M
Acquisitions (Net)	$41.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$41.0K
NET CASH FROM INVESTING	-$90M
Net Debt Issuance	$61M
Common Stock Repurchased	-$347M
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$278M
FREE CASH FLOW	$255M
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$0
Net Receivables	$92M
Inventory	$931M
Other Current Assets	$55M
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$314M
Goodwill	$538M
Intangible Assets	$80M
Long-Term Investments	$5M
Tax Assets	-$5M
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$953M
TOTAL ASSETS	$2.1B
Account Payables	$308M
Short-Term Debt	$96M
Deferred Revenue	$21M
Other Current Liabilities	$86M
TOTAL CURRENT LIABILITIES	$575M
Long-Term Debt	$1.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$120M
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$2.5B
Common Stock	$1M
Additional Paid-In Capital	$0
Retained Earnings	-$283M
Treasury Stock	$0
Accum. Other Comp. Income	-$82M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$364M
Minority Interest	$0
TOTAL EQUITY	-$364M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$1.9B
Net Debt	$1.8B