SMPL FY 2023 Earnings Report — The Simply Good Foods Company Revenue & Financial Results | Market Cap Arena

The Simply Good Foods CompanySMPL

FY 2023 Earnings

Reported October 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	6.3%
Op. Income	$205M	—	$203M	—	0.8%
Gross Margin	35.1%	—	36.6%	—	-1.6pp
Net Margin	10.7%	—	9.3%	—	1.5pp
EPS (Diluted)	$1.32	—	$1.08	—	22.2%
Free Cash Flow	$156M	—	$104M	—	49.7%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$807M
GROSS PROFIT	$436M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$0
Operating Expenses	$231M
Cost & Expenses	$1.0B
OPERATING INCOME	$205M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$176M
Income Tax Expense	$42M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$27M
EBIT	$206M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$807M
GROSS PROFIT	$436M
R&D Expenses	$4M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$227M
Other Expenses	$0
Operating Expenses	$231M
Cost & Expenses	$1.0B
OPERATING INCOME	$205M
Interest Income	$1M
Interest Expense	$30M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$176M
Income Tax Expense	$42M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$27M
EBIT	$206M
EBITDA	$233M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$134M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	$11M
Other Non-Cash Items	$16M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$168M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$122M
Common Stock Repurchased	-$16M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$136M
FREE CASH FLOW	$156M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$0
Net Receivables	$145M
Inventory	$117M
Other Current Assets	$16M
TOTAL CURRENT ASSETS	$372M
PP&E (Net)	$65M
Goodwill	$543M
Intangible Assets	$1.1B
Long-Term Investments	$0
Tax Assets	$28M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.1B
Account Payables	$53M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$17M
TOTAL CURRENT LIABILITIES	$90M
Long-Term Debt	$282M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$144M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$464M
TOTAL LIABILITIES	$554M
Common Stock	$1M
Additional Paid-In Capital	$1.3B
Retained Earnings	$348M
Treasury Stock	-$78M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$328M
Net Debt	$240M