SPWH FY 2022 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

FY 2022 Earnings

Reported April 13, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.5B	—	-7.1%
Op. Income	$58M	—	$91M	—	-35.9%
Gross Margin	32.9%	—	32.6%	—	0.3pp
Net Margin	2.9%	—	7.2%	—	-4.3pp
EPS (Diluted)	$1.00	—	$2.44	—	-59.0%
Free Cash Flow	-$17M	—	-$75M	—	77.7%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$939M
GROSS PROFIT	$460M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$378M
SG&A Expenses	$402M
Other Expenses	$0
Operating Expenses	$402M
Cost & Expenses	$1.3B
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$54M
Income Tax Expense	$13M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$32M
EBIT	$58M
EBITDA	$90M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$939M
GROSS PROFIT	$460M
R&D Expenses	$0
Selling & Marketing	$24M
General & Administrative	$378M
SG&A Expenses	$402M
Other Expenses	$0
Operating Expenses	$402M
Cost & Expenses	$1.3B
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$4M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$54M
Income Tax Expense	$13M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$32M
EBIT	$58M
EBITDA	$90M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$32M
Stock-Based Compensation	$5M
Deferred Income Tax	$4M
Other Non-Cash Items	$29M
Change in Working Capital	-$63M
OPERATING CASH FLOW	$47M
Capital Expenditure	-$64M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	$21M
Common Stock Repurchased	-$65M
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$41M
FREE CASH FLOW	-$17M
Net Change in Cash	-$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$2M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$399M
Other Current Assets	$22M
TOTAL CURRENT ASSETS	$426M
PP&E (Net)	$431M
Goodwill	$1M
Intangible Assets	$389.0K
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$433M
TOTAL ASSETS	$859M
Account Payables	$62M
Short-Term Debt	$88M
Deferred Revenue	$41M
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$296M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$270M
TOTAL LIABILITIES	$566M
Common Stock	$375.0K
Additional Paid-In Capital	$80M
Retained Earnings	$213M
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$293M
Minority Interest	$0
TOTAL EQUITY	$293M
TOTAL LIABILITIES & EQUITY	$859M
Total Debt	$393M
Net Debt	$391M