YETI FY 2020 Earnings Report — YETI Holdings, Inc. Revenue & Financial Results | Market Cap Arena

YETI Holdings, Inc.YETI

FY 2020 Earnings

Reported March 1, 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	$1.1B	—	$914M	—	19.5%
Op. Income	$214M	—	$90M	—	138.6%
Gross Margin	57.6%	—	52.0%	—	5.6pp
Net Margin	14.3%	—	5.5%	—	8.8pp
EPS (Diluted)	$1.77	—	$0.58	—	205.2%
Free Cash Flow	$343M	—	$38M	—	799.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$463M
GROSS PROFIT	$629M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$415M
Other Expenses	$0
Operating Expenses	$415M
Cost & Expenses	$877M
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$205M
Income Tax Expense	$49M
Net Income from Continuing Ops	$156M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$156M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$156M
D&A	$31M
EBIT	$214M
EBITDA	$245M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$463M
GROSS PROFIT	$629M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$415M
Other Expenses	$0
Operating Expenses	$415M
Cost & Expenses	$877M
OPERATING INCOME	$214M
Interest Income	$0
Interest Expense	$9M
Other Income/Expenses	-$9M
INCOME BEFORE TAX	$205M
Income Tax Expense	$49M
Net Income from Continuing Ops	$156M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$156M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$156M
D&A	$31M
EBIT	$214M
EBITDA	$245M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$156M
Depreciation & Amortization	$31M
Stock-Based Compensation	$9M
Deferred Income Tax	-$4M
Other Non-Cash Items	$3M
Change in Working Capital	$172M
OPERATING CASH FLOW	$366M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	-$165M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$163M
FREE CASH FLOW	$343M
Net Change in Cash	$181M

Balance Sheet

Item	Amount
Cash & Equivalents	$253M
Short-Term Investments	$0
Net Receivables	$65M
Inventory	$140M
Other Current Assets	$5M
TOTAL CURRENT ASSETS	$476M
PP&E (Net)	$112M
Goodwill	$54M
Intangible Assets	$92M
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$972.0K
TOTAL NON-CURRENT ASSETS	$261M
TOTAL ASSETS	$737M
Account Payables	$124M
Short-Term Debt	$23M
Deferred Revenue	$11M
Other Current Liabilities	$9M
TOTAL CURRENT LIABILITIES	$288M
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$161M
TOTAL LIABILITIES	$449M
Common Stock	$871.0K
Additional Paid-In Capital	$322M
Retained Earnings	-$34M
Treasury Stock	$0
Accum. Other Comp. Income	-$387.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$288M
Minority Interest	$0
TOTAL EQUITY	$288M
TOTAL LIABILITIES & EQUITY	$737M
Total Debt	$179M
Net Debt	-$75M