SPWH Q4 2021 Earnings Report — Sportsman's Warehouse Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Sportsman's Warehouse Holdings, Inc.SPWH

Q4 2021 Earnings

Reported March 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2021	Q3 2021	Q4 2020	QoQ Change	YoY Change
Revenue	$416M	$401M	$438M	3.8%	-5.0%
Op. Income	$23M	$30M	$39M	-21.9%	-41.2%
Gross Margin	32.8%	32.3%	32.4%	0.5pp	0.4pp
Net Margin	14.0%	5.5%	6.7%	8.6pp	7.3pp
EPS (Diluted)	$1.31	$0.49	$0.66	167.3%	98.5%
Free Cash Flow	$42M	-$31M	$63M	234.2%	-33.5%

Revenue Flow

Item	Amount
REVENUE	$416M
Cost of Revenue	$280M
GROSS PROFIT	$137M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$93M
SG&A Expenses	$113M
Other Expenses	$0
Operating Expenses	$113M
Cost & Expenses	$393M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$475.0K
Other Income/Expenses	$55M
INCOME BEFORE TAX	$78M
Income Tax Expense	$19M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$18M
EBIT	$78M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$416M
Cost of Revenue	$280M
GROSS PROFIT	$137M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$93M
SG&A Expenses	$113M
Other Expenses	$0
Operating Expenses	$113M
Cost & Expenses	$393M
OPERATING INCOME	$23M
Interest Income	$0
Interest Expense	$475.0K
Other Income/Expenses	$55M
INCOME BEFORE TAX	$78M
Income Tax Expense	$19M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$18M
EBIT	$78M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$7M
Stock-Based Compensation	$1M
Deferred Income Tax	$6M
Other Non-Cash Items	$10M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$15M
Net Debt Issuance	$13M
Common Stock Repurchased	$67.0K
Common Dividends Paid	$0
Other Financing Activities	$67.0K
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$42M
Net Change in Cash	$54M

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