SMPL FY 2022 Earnings Report — The Simply Good Foods Company Revenue & Financial Results | Market Cap Arena

The Simply Good Foods CompanySMPL

FY 2022 Earnings

Reported October 21, 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	$1.2B	—	$1.0B	—	16.2%
Op. Income	$203M	—	$181M	—	12.4%
Gross Margin	36.6%	—	39.1%	—	-2.4pp
Net Margin	9.3%	—	4.1%	—	5.2pp
EPS (Diluted)	$1.08	—	$0.42	—	157.1%
Free Cash Flow	$104M	—	$125M	—	-16.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$740M
GROSS PROFIT	$428M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$221M
Other Expenses	$0
Operating Expenses	$225M
Cost & Expenses	$965M
OPERATING INCOME	$203M
Interest Income	$15.0K
Interest Expense	$22M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$151M
Income Tax Expense	$42M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$26M
EBIT	$172M
EBITDA	$198M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$740M
GROSS PROFIT	$428M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$221M
Other Expenses	$0
Operating Expenses	$225M
Cost & Expenses	$965M
OPERATING INCOME	$203M
Interest Income	$15.0K
Interest Expense	$22M
Other Income/Expenses	-$53M
INCOME BEFORE TAX	$151M
Income Tax Expense	$42M
Net Income from Continuing Ops	$109M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$109M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$109M
D&A	$26M
EBIT	$172M
EBITDA	$198M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$109M
Depreciation & Amortization	$26M
Stock-Based Compensation	$0
Deferred Income Tax	$12M
Other Non-Cash Items	$45M
Change in Working Capital	-$81M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$60M
Common Dividends Paid	$0
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$109M
FREE CASH FLOW	$104M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$67M
Short-Term Investments	$0
Net Receivables	$133M
Inventory	$125M
Other Current Assets	$21M
TOTAL CURRENT ASSETS	$352M
PP&E (Net)	$65M
Goodwill	$543M
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$29M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.1B
Account Payables	$62M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$19M
TOTAL CURRENT LIABILITIES	$102M
Long-Term Debt	$403M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$134M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$582M
TOTAL LIABILITIES	$684M
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$214M
Treasury Stock	-$62M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$454M
Net Debt	$387M