SPB FY 2014 Earnings Report — Spectrum Brands Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Spectrum Brands Holdings, Inc.SPB

FY 2014 Earnings

Reported January 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$4.6B	—	$5.5B	—	-16.4%
Op. Income	$427M	—	$737M	—	-42.0%
Gross Margin	38.3%	—	36.5%	—	1.8pp
Net Margin	-0.2%	—	-0.8%	—	0.6pp
EPS (Diluted)	$-0.39	—	$-2.03	—	80.8%
Free Cash Flow	$510M	—	$422M	—	20.7%

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$2.9B
GROSS PROFIT	$1.8B
R&D Expenses	$48M
Selling & Marketing	$22M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$1.3B
Operating Expenses	$1.3B
Cost & Expenses	$4.2B
OPERATING INCOME	$427M
Interest Income	$0
Interest Expense	$299M
Other Income/Expenses	-$214M
INCOME BEFORE TAX	$213M
Income Tax Expense	$112M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$87M
Other Adjustments	$0
NET INCOME	-$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	-$84M
D&A	$303M
EBIT	$535M
EBITDA	$561M
EPS	-$0
EPS Diluted	-$0

Cash Flow Statement

Item	Amount
Net Income	-$10M
Depreciation & Amortization	$158M
Stock-Based Compensation	$27M
Deferred Income Tax	$0
Other Non-Cash Items	$255M
Change in Working Capital	$178M
OPERATING CASH FLOW	$608M
Capital Expenditure	-$76M
Acquisitions (Net)	$0
Purchases of Investments	-$102M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$1.8B
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$124M
Common Stock Repurchased	-$75M
Common Dividends Paid	$0
Other Financing Activities	$473M
NET CASH FROM FINANCING	$666M
FREE CASH FLOW	$510M
Net Change in Cash	-$581M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$18.0B
Net Receivables	$585M
Inventory	$635M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$20.5B
PP&E (Net)	$909M
Goodwill	$1.5B
Intangible Assets	$2.7B
Long-Term Investments	$1.2B
Tax Assets	$187M
Other Non-Current Assets	$3.6B
TOTAL NON-CURRENT ASSETS	$9.6B
TOTAL ASSETS	$30.1B
Account Payables	$536M
Short-Term Debt	$97M
Deferred Revenue	$0
Other Current Liabilities	$286M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$5.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$533M
Other Non-Current Liabilities	$21.1B
TOTAL NON-CURRENT LIABILITIES	$26.7B
TOTAL LIABILITIES	$27.8B
Common Stock	$2M
Additional Paid-In Capital	$1.5B
Retained Earnings	-$276M
Treasury Stock	$0
Accum. Other Comp. Income	$244M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$815M
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$30.1B
Total Debt	$5.2B
Net Debt	$3.8B