SPWH FY 2021 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

FY 2021 Earnings

Reported March 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.5B	—	3.7%
Op. Income	$91M	—	$123M	—	-26.2%
Gross Margin	32.6%	—	32.8%	—	-0.3pp
Net Margin	7.2%	—	6.3%	—	0.9pp
EPS (Diluted)	$2.44	—	$2.06	—	18.4%
Free Cash Flow	-$75M	—	$219M	—	-134.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$490M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$379M
SG&A Expenses	$400M
Other Expenses	$0
Operating Expenses	$400M
Cost & Expenses	$1.4B
OPERATING INCOME	$91M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$54M
INCOME BEFORE TAX	$144M
Income Tax Expense	$36M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$58M
EBIT	$146M
EBITDA	$203M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.0B
GROSS PROFIT	$490M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$379M
SG&A Expenses	$400M
Other Expenses	$0
Operating Expenses	$400M
Cost & Expenses	$1.4B
OPERATING INCOME	$91M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	$54M
INCOME BEFORE TAX	$144M
Income Tax Expense	$36M
Net Income from Continuing Ops	$108M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$108M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$108M
D&A	$58M
EBIT	$146M
EBITDA	$203M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$108M
Depreciation & Amortization	$26M
Stock-Based Compensation	$3M
Deferred Income Tax	$5M
Other Non-Cash Items	$32M
Change in Working Capital	-$197M
OPERATING CASH FLOW	-$22M
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	$66M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$3M
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	-$75M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$57M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$387M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$467M
PP&E (Net)	$371M
Goodwill	$1M
Intangible Assets	$264.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$373M
TOTAL ASSETS	$841M
Account Payables	$59M
Short-Term Debt	$66M
Deferred Revenue	$42M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$284M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$242M
TOTAL LIABILITIES	$526M
Common Stock	$439.0K
Additional Paid-In Capital	$91M
Retained Earnings	$223M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$314M
Minority Interest	$0
TOTAL EQUITY	$314M
TOTAL LIABILITIES & EQUITY	$841M
Total Debt	$343M
Net Debt	$286M