VRA FY 2012 Earnings Report — Vera Bradley, Inc. Revenue & Financial Results | Market Cap Arena

Vera Bradley, Inc.VRA

FY 2012 Earnings

Reported January 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$461M	—	$366M	—	25.9%
Op. Income	$96M	—	$53M	—	80.4%
Gross Margin	55.9%	—	57.1%	—	-1.2pp
Net Margin	12.6%	—	12.6%	—	-0.1pp
EPS (Diluted)	$1.43	—	$1.25	—	14.4%
Free Cash Flow	$33M	—	$47M	—	-30.6%

Revenue Flow

Item	Amount
REVENUE	$461M
Cost of Revenue	$203M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	-$8M
Operating Expenses	$161M
Cost & Expenses	$365M
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$95M
Income Tax Expense	$37M
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	$9M
EBIT	$96M
EBITDA	$106M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$461M
Cost of Revenue	$203M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$169M
Other Expenses	-$8M
Operating Expenses	$161M
Cost & Expenses	$365M
OPERATING INCOME	$96M
Interest Income	$0
Interest Expense	$1M
Other Income/Expenses	-$1M
INCOME BEFORE TAX	$95M
Income Tax Expense	$37M
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	$9M
EBIT	$96M
EBITDA	$106M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$9M
Stock-Based Compensation	$2M
Deferred Income Tax	$2M
Other Non-Cash Items	$604.0K
Change in Working Capital	-$20M
OPERATING CASH FLOW	$52M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	-$42M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$76.0K
NET CASH FROM FINANCING	-$42M
FREE CASH FLOW	$33M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$5M
Short-Term Investments	$0
Net Receivables	$38M
Inventory	$107M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$166M
PP&E (Net)	$52M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$8M
Other Non-Current Assets	-$7M
TOTAL NON-CURRENT ASSETS	$53M
TOTAL ASSETS	$220M
Account Payables	$27M
Short-Term Debt	$89.0K
Deferred Revenue	$0
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$60M
Long-Term Debt	$25M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$35M
TOTAL LIABILITIES	$96M
Common Stock	$0
Additional Paid-In Capital	$74M
Retained Earnings	$50M
Treasury Stock	$0
Accum. Other Comp. Income	$97.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$124M
Minority Interest	$0
TOTAL EQUITY	$124M
TOTAL LIABILITIES & EQUITY	$220M
Total Debt	$25M
Net Debt	$20M