SPWH FY 2014 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

FY 2014 Earnings

Reported April 2, 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	$660M	—	$643M	—	2.6%
Op. Income	$45M	—	$60M	—	-25.2%
Gross Margin	32.6%	—	32.2%	—	0.4pp
Net Margin	2.1%	—	3.4%	—	-1.3pp
EPS (Diluted)	$0.34	—	$0.53	—	-35.8%
Free Cash Flow	-$10M	—	-$20M	—	52.4%

Revenue Flow

Item	Amount
REVENUE	$660M
Cost of Revenue	$445M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$163M
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$170M
Cost & Expenses	$615M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$22M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$9M
EBIT	$45M
EBITDA	$54M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$660M
Cost of Revenue	$445M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$163M
SG&A Expenses	$167M
Other Expenses	$0
Operating Expenses	$170M
Cost & Expenses	$615M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$22M
INCOME BEFORE TAX	$22M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$9M
EBIT	$45M
EBITDA	$54M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$9M
Stock-Based Compensation	$3M
Deferred Income Tax	-$46.0K
Other Non-Cash Items	$12M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$30M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	-$61M
Common Stock Repurchased	-$993.0K
Common Dividends Paid	$0
Other Financing Activities	$72M
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	-$10M
Net Change in Cash	$397.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$186M
Other Current Assets	$3M
TOTAL CURRENT ASSETS	$204M
PP&E (Net)	$54M
Goodwill	$0
Intangible Assets	$6M
Long-Term Investments	$0
Tax Assets	$5M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$67M
TOTAL ASSETS	$271M
Account Payables	$29M
Short-Term Debt	$43M
Deferred Revenue	$12M
Other Current Liabilities	$3M
TOTAL CURRENT LIABILITIES	$117M
Long-Term Debt	$157M
Deferred Revenue NC	$28M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$185M
TOTAL LIABILITIES	$302M
Common Stock	$418.0K
Additional Paid-In Capital	$76M
Retained Earnings	-$108M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	-$31M
Minority Interest	$0
TOTAL EQUITY	-$31M
TOTAL LIABILITIES & EQUITY	$271M
Total Debt	$200M
Net Debt	$198M