SPWH FY 2019 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

FY 2019 Earnings

Reported April 9, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$886M	—	$849M	—	4.4%
Op. Income	$33M	—	$44M	—	-24.0%
Gross Margin	33.5%	—	33.6%	—	-0.1pp
Net Margin	2.3%	—	2.8%	—	-0.5pp
EPS (Diluted)	$0.46	—	$0.55	—	-16.4%
Free Cash Flow	$47M	—	$14M	—	239.8%

Revenue Flow

Item	Amount
REVENUE	$886M
Cost of Revenue	$590M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$252M
SG&A Expenses	$263M
Other Expenses	$0
Operating Expenses	$263M
Cost & Expenses	$853M
OPERATING INCOME	$33M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$46M
EBIT	$33M
EBITDA	$80M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$886M
Cost of Revenue	$590M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$252M
SG&A Expenses	$263M
Other Expenses	$0
Operating Expenses	$263M
Cost & Expenses	$853M
OPERATING INCOME	$33M
Interest Income	$0
Interest Expense	$8M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$46M
EBIT	$33M
EBITDA	$80M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$19M
Stock-Based Compensation	$2M
Deferred Income Tax	$710.0K
Other Non-Cash Items	$27M
Change in Working Capital	$8M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$30M
Acquisitions (Net)	-$29M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$10M
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$369.0K
Common Dividends Paid	$0
Other Financing Activities	$403.0K
NET CASH FROM FINANCING	-$29M
FREE CASH FLOW	$47M
Net Change in Cash	$138.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$276M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$292M
PP&E (Net)	$323M
Goodwill	$1M
Intangible Assets	$220.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$325M
TOTAL ASSETS	$617M
Account Payables	$38M
Short-Term Debt	$122M
Deferred Revenue	$26M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$265M
Long-Term Debt	$24M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$562.0K
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$242M
TOTAL LIABILITIES	$506M
Common Stock	$433.0K
Additional Paid-In Capital	$87M
Retained Earnings	$23M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$110M
Minority Interest	$0
TOTAL EQUITY	$110M
TOTAL LIABILITIES & EQUITY	$617M
Total Debt	$398M
Net Debt	$396M