SBH FY 2022 Earnings Report — Sally Beauty Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sally Beauty Holdings, Inc.SBH

FY 2022 Earnings

Reported November 17, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.9B	—	-1.5%
Op. Income	$338M	—	$418M	—	-19.3%
Gross Margin	50.8%	—	50.4%	—	0.3pp
Net Margin	4.8%	—	6.2%	—	-1.4pp
EPS (Diluted)	$1.66	—	$2.10	—	-21.0%
Free Cash Flow	$57M	—	$308M	—	-81.4%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$70M
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$60M
Operating Expenses	$1.6B
Cost & Expenses	$3.5B
OPERATING INCOME	$338M
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$244M
Income Tax Expense	$61M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$100M
EBIT	$393M
EBITDA	$493M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.9B
R&D Expenses	$0
Selling & Marketing	$70M
General & Administrative	$1.5B
SG&A Expenses	$1.5B
Other Expenses	$60M
Operating Expenses	$1.6B
Cost & Expenses	$3.5B
OPERATING INCOME	$338M
Interest Income	$0
Interest Expense	$94M
Other Income/Expenses	-$94M
INCOME BEFORE TAX	$244M
Income Tax Expense	$61M
Net Income from Continuing Ops	$184M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$184M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$100M
EBIT	$393M
EBITDA	$493M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$184M
Depreciation & Amortization	$100M
Stock-Based Compensation	$10M
Deferred Income Tax	-$18M
Other Non-Cash Items	$45M
Change in Working Capital	-$164M
OPERATING CASH FLOW	$157M
Capital Expenditure	-$99M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$130M
Common Dividends Paid	$0
Other Financing Activities	$7M
NET CASH FROM FINANCING	-$374M
FREE CASH FLOW	$57M
Net Change in Cash	-$330M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$0
Net Receivables	$72M
Inventory	$936M
Other Current Assets	$53M
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$830M
Goodwill	$526M
Intangible Assets	$50M
Long-Term Investments	$4M
Tax Assets	-$4M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.6B
Account Payables	$276M
Short-Term Debt	$69M
Deferred Revenue	$19M
Other Current Liabilities	$84M
TOTAL CURRENT LIABILITIES	$668M
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$85M
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$2.3B
Common Stock	$1M
Additional Paid-In Capital	$4M
Retained Earnings	$440M
Treasury Stock	$0
Accum. Other Comp. Income	-$152M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$294M
Minority Interest	$0
TOTAL EQUITY	$294M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$1.7B
Net Debt	$1.7B