SMPL FY 2020 Earnings Report — The Simply Good Foods Company Revenue & Financial Results | Market Cap Arena

The Simply Good Foods CompanySMPL

FY 2020 Earnings

Reported October 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$817M	—	$524M	—	55.9%
Op. Income	$114M	—	$80M	—	41.8%
Gross Margin	37.8%	—	40.1%	—	-2.3pp
Net Margin	8.0%	—	-4.8%	—	12.9pp
EPS (Diluted)	$0.35	—	$-0.30	—	216.7%
Free Cash Flow	$57M	—	$72M	—	-20.6%

Revenue Flow

Item	Amount
REVENUE	$817M
Cost of Revenue	$508M
GROSS PROFIT	$309M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$703M
OPERATING INCOME	$114M
Interest Income	$2M
Interest Expense	$33M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$79M
Income Tax Expense	$13M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$20M
EBIT	$112M
EBITDA	$132M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$817M
Cost of Revenue	$508M
GROSS PROFIT	$309M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$191M
Other Expenses	$0
Operating Expenses	$195M
Cost & Expenses	$703M
OPERATING INCOME	$114M
Interest Income	$2M
Interest Expense	$33M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$79M
Income Tax Expense	$13M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$20M
EBIT	$112M
EBITDA	$132M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$20M
Stock-Based Compensation	$8M
Deferred Income Tax	$8M
Other Non-Cash Items	-$25M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$2M
Acquisitions (Net)	-$982M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$750.0K
NET CASH FROM INVESTING	-$984M
Net Debt Issuance	$410M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$8M
NET CASH FROM FINANCING	$755M
FREE CASH FLOW	$57M
Net Change in Cash	-$170M

Balance Sheet

Item	Amount
Cash & Equivalents	$96M
Short-Term Investments	$0
Net Receivables	$90M
Inventory	$59M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$260M
PP&E (Net)	$38M
Goodwill	$545M
Intangible Assets	$1.2B
Long-Term Investments	$0
Tax Assets	$21M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.0B
Account Payables	$32M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$71M
Long-Term Debt	$596M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$105M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$818M
TOTAL LIABILITIES	$890M
Common Stock	$958.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$65M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$879.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$624M
Net Debt	$528M