YETI FY 2021 Earnings Report — YETI Holdings, Inc. Revenue & Financial Results | Market Cap Arena

YETI Holdings, Inc.YETI

FY 2021 Earnings

Reported February 28, 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	$1.4B	—	$1.1B	—	29.2%
Op. Income	$275M	—	$214M	—	28.3%
Gross Margin	57.8%	—	57.6%	—	0.2pp
Net Margin	15.1%	—	14.3%	—	0.8pp
EPS (Diluted)	$2.40	—	$1.77	—	35.6%
Free Cash Flow	$81M	—	$343M	—	-76.5%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$595M
GROSS PROFIT	$816M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$541M
Other Expenses	$0
Operating Expenses	$541M
Cost & Expenses	$1.1B
OPERATING INCOME	$275M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$268M
Income Tax Expense	$56M
Net Income from Continuing Ops	$213M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$213M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$213M
D&A	$32M
EBIT	$275M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$595M
GROSS PROFIT	$816M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$541M
Other Expenses	$0
Operating Expenses	$541M
Cost & Expenses	$1.1B
OPERATING INCOME	$275M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$268M
Income Tax Expense	$56M
Net Income from Continuing Ops	$213M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$213M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$213M
D&A	$32M
EBIT	$275M
EBITDA	$307M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$213M
Depreciation & Amortization	$32M
Stock-Based Compensation	$15M
Deferred Income Tax	$5M
Other Non-Cash Items	$4M
Change in Working Capital	-$123M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$66M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$10M
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	-$24M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$589.0K
NET CASH FROM FINANCING	-$23M
FREE CASH FLOW	$81M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$312M
Short-Term Investments	$0
Net Receivables	$110M
Inventory	$319M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$770M
PP&E (Net)	$174M
Goodwill	$54M
Intangible Assets	$95M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$3M
TOTAL NON-CURRENT ASSETS	$326M
TOTAL ASSETS	$1.1B
Account Payables	$191M
Short-Term Debt	$23M
Deferred Revenue	$21M
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$404M
Long-Term Debt	$88M
Deferred Revenue NC	-$11M
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$175M
TOTAL LIABILITIES	$579M
Common Stock	$877.0K
Additional Paid-In Capital	$338M
Retained Earnings	$179M
Treasury Stock	$0
Accum. Other Comp. Income	$353.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$518M
Minority Interest	$0
TOTAL EQUITY	$518M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$186M
Net Debt	-$126M