SPWH FY 2020 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

FY 2020 Earnings

Reported April 2, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.5B	—	$886M	—	63.8%
Op. Income	$123M	—	$33M	—	266.8%
Gross Margin	32.8%	—	33.5%	—	-0.6pp
Net Margin	6.3%	—	2.3%	—	4.0pp
EPS (Diluted)	$2.06	—	$0.46	—	347.8%
Free Cash Flow	$219M	—	$47M	—	361.2%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$975M
GROSS PROFIT	$476M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$338M
SG&A Expenses	$354M
Other Expenses	$0
Operating Expenses	$354M
Cost & Expenses	$1.3B
OPERATING INCOME	$123M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$121M
Income Tax Expense	$30M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$47M
EBIT	$125M
EBITDA	$172M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$975M
GROSS PROFIT	$476M
R&D Expenses	$0
Selling & Marketing	$16M
General & Administrative	$338M
SG&A Expenses	$354M
Other Expenses	$0
Operating Expenses	$354M
Cost & Expenses	$1.3B
OPERATING INCOME	$123M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$121M
Income Tax Expense	$30M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$47M
EBIT	$125M
EBITDA	$172M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$22M
Stock-Based Compensation	$3M
Deferred Income Tax	-$919.0K
Other Non-Cash Items	$24M
Change in Working Capital	$99M
OPERATING CASH FLOW	$239M
Capital Expenditure	-$20M
Acquisitions (Net)	-$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	-$146M
Common Stock Repurchased	$403.0K
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$149M
FREE CASH FLOW	$219M
Net Change in Cash	$64M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$581.0K
Inventory	$243M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$325M
PP&E (Net)	$334M
Goodwill	$1M
Intangible Assets	$289.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$336M
TOTAL ASSETS	$661M
Account Payables	$77M
Short-Term Debt	$13M
Deferred Revenue	$38M
Other Current Liabilities	-$13M
TOTAL CURRENT LIABILITIES	$227M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$434.0K
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$229M
TOTAL LIABILITIES	$456M
Common Stock	$436.0K
Additional Paid-In Capital	$90M
Retained Earnings	$114M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$205M
Minority Interest	$0
TOTAL EQUITY	$205M
TOTAL LIABILITIES & EQUITY	$661M
Total Debt	$278M
Net Debt	$212M