SMPL FY 2018 Earnings Report — The Simply Good Foods Company Revenue & Financial Results | Market Cap Arena

The Simply Good Foods CompanySMPL

FY 2018 Earnings

Reported October 24, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$431M	—	$396M	—	8.9%
Op. Income	$64M	—	$51M	—	25.3%
Gross Margin	40.1%	—	43.1%	—	-3.0pp
Net Margin	16.3%	—	-0.5%	—	16.8pp
EPS (Diluted)	$0.51	—	$-0.03	—	1870.8%
Free Cash Flow	$59M	—	-$6M	—	1025.0%

Revenue Flow

Item	Amount
REVENUE	$431M
Cost of Revenue	$259M
GROSS PROFIT	$173M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$106M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$367M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$53M
Income Tax Expense	-$17M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$7M
EBIT	$66M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$431M
Cost of Revenue	$259M
GROSS PROFIT	$173M
R&D Expenses	$3M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$106M
Other Expenses	$0
Operating Expenses	$109M
Cost & Expenses	$367M
OPERATING INCOME	$64M
Interest Income	$0
Interest Expense	$13M
Other Income/Expenses	-$11M
INCOME BEFORE TAX	$53M
Income Tax Expense	-$17M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$70M
D&A	$7M
EBIT	$66M
EBITDA	$73M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$7M
Stock-Based Compensation	$0
Deferred Income Tax	-$21M
Other Non-Cash Items	$2M
Change in Working Capital	-$591.0K
OPERATING CASH FLOW	$61M
Capital Expenditure	-$2M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$120.0K
NET CASH FROM FINANCING	-$1M
FREE CASH FLOW	$59M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$37M
Inventory	$30M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$186M
PP&E (Net)	$3M
Goodwill	$471M
Intangible Assets	$313M
Long-Term Investments	$0
Tax Assets	$22M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$811M
TOTAL ASSETS	$997M
Account Payables	$11M
Short-Term Debt	$648.0K
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$31M
Long-Term Debt	$191M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$76M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$293M
TOTAL LIABILITIES	$324M
Common Stock	$706.0K
Additional Paid-In Capital	$614M
Retained Earnings	$58M
Treasury Stock	$0
Accum. Other Comp. Income	-$798.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$673M
Minority Interest	$0
TOTAL EQUITY	$673M
TOTAL LIABILITIES & EQUITY	$997M
Total Debt	$192M
Net Debt	$80M