ZUMZ FY 2008 Earnings Report — Zumiez Inc. Revenue & Financial Results | Market Cap Arena

Zumiez Inc.ZUMZ

FY 2008 Earnings

Reported March 23, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$409M	—	$381M	—	7.1%
Op. Income	$25M	—	$39M	—	-36.8%
Gross Margin	32.9%	—	35.9%	—	-3.0pp
Net Margin	4.2%	—	6.6%	—	-2.4pp
EPS (Diluted)	$0.58	—	$0.86	—	-32.6%
Free Cash Flow	$10M	—	$4M	—	180.2%

Revenue Flow

Item	Amount
REVENUE	$409M
Cost of Revenue	$274M
GROSS PROFIT	$135M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$110M
Cost & Expenses	$384M
OPERATING INCOME	$25M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$19M
EBIT	$25M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$409M
Cost of Revenue	$274M
GROSS PROFIT	$135M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$110M
Cost & Expenses	$384M
OPERATING INCOME	$25M
Interest Income	$2M
Interest Expense	$0
Other Income/Expenses	$2M
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$17M
D&A	$19M
EBIT	$25M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$19M
Stock-Based Compensation	$0
Deferred Income Tax	-$1M
Other Non-Cash Items	$4M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$38M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$83M
Sales/Maturities of Investments	$99M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$10M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$46M
Net Receivables	$5M
Inventory	$52M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$143M
PP&E (Net)	$74M
Goodwill	$13M
Intangible Assets	$0
Long-Term Investments	$2M
Tax Assets	$1M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$90M
TOTAL ASSETS	$233M
Account Payables	$16M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10M
TOTAL CURRENT LIABILITIES	$31M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$24M
TOTAL LIABILITIES	$55M
Common Stock	$76M
Additional Paid-In Capital	$76M
Retained Earnings	$102M
Treasury Stock	$0
Accum. Other Comp. Income	$117.0K
Other Equity	-$76M
TOTAL STOCKHOLDERS' EQUITY	$178M
Minority Interest	$0
TOTAL EQUITY	$178M
TOTAL LIABILITIES & EQUITY	$233M
Total Debt	$0
Net Debt	-$33M