$OLLI
Ollie's Bargain Outlet Holdings, Inc.

2021 Q1 Form 10-K Financial Statement

#000114036121009817 Filed on March 24, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1 2019 Q4
Revenue $515.8M $422.4M $327.0M
YoY Change 22.09% 7.23% 15.32%
Cost Of Revenue $311.1M $256.9M $193.8M
YoY Change 21.1% 8.31% 15.22%
Gross Profit $204.7M $165.5M $133.3M
YoY Change 23.63% 5.62% 15.47%
Gross Profit Margin 39.68% 39.19% 40.75%
Selling, General & Admin $115.5M $97.10M $93.80M
YoY Change 18.95% 5.89% 12.74%
% of Gross Profit 56.44% 58.66% 70.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.900M $4.600M $4.500M
YoY Change 28.26% 21.05% 25.0%
% of Gross Profit 2.88% 2.78% 3.38%
Operating Expenses $120.0M $100.9M $97.50M
YoY Change 18.93% 6.43% 13.24%
Operating Profit $84.66M $64.64M $35.78M
YoY Change 30.97% 4.38% 22.03%
Interest Expense $100.0K $200.0K $100.0K
YoY Change -50.0% -300.0% -125.0%
% of Operating Profit 0.12% 0.31% 0.28%
Other Income/Expense, Net
YoY Change
Pretax Income $84.80M $64.80M $35.90M
YoY Change 30.86% 4.85% 24.22%
Income Tax $20.10M $14.50M $8.900M
% Of Pretax Income 23.7% 22.38% 24.79%
Net Earnings $64.66M $50.29M $26.96M
YoY Change 28.58% 0.79% 8.62%
Net Earnings / Revenue 12.54% 11.9% 8.24%
Basic Earnings Per Share $0.99 $0.80 $0.43
Diluted Earnings Per Share $0.98 $0.77 $0.41
COMMON SHARES
Basic Shares Outstanding 65.50M 63.75M 63.17M
Diluted Shares Outstanding 65.67M

Balance Sheet

Concept 2021 Q1 2020 Q1 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $447.1M $90.00M $10.10M
YoY Change 396.78% 73.41% 1342.86%
Cash & Equivalents $447.1M $89.95M $10.10M
Short-Term Investments
Other Short-Term Assets $7.300M $5.600M $5.100M
YoY Change 30.36% -18.84% -43.96%
Inventory $353.7M $335.2M $385.3M
Prepaid Expenses
Receivables $621.0K $2.840M $977.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $808.8M $433.5M $401.5M
YoY Change 86.55% 20.93% 16.53%
LONG-TERM ASSETS
Property, Plant & Equipment $138.7M $132.1M $120.3M
YoY Change 5.02% 10.95% 11.67%
Goodwill $444.9M $444.9M $444.9M
YoY Change 0.0% 0.0% 0.0%
Intangibles $230.6M $230.6M $230.6M
YoY Change 0.0% -0.75% -0.79%
Long-Term Investments
YoY Change
Other Assets $2.421M $2.532M $2.514M
YoY Change -4.38% -41.12% 30.73%
Total Long-Term Assets $1.197B $1.163B $1.129B
YoY Change 2.96% 45.25% 43.47%
TOTAL ASSETS
Total Short-Term Assets $808.8M $433.5M $401.5M
Total Long-Term Assets $1.197B $1.163B $1.129B
Total Assets $2.006B $1.596B $1.530B
YoY Change 25.66% 37.73% 35.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $117.2M $63.22M $77.82M
YoY Change 85.4% -18.35% -23.17%
Accrued Expenses $90.56M $56.73M $57.76M
YoY Change 59.63% -13.96% -0.5%
Deferred Revenue $10.02M $9.933M $11.31M
YoY Change 0.83% -5.43% 26.52%
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $300.0K $300.0K $300.0K
YoY Change 0.0% 50.0% -97.06%
Total Short-Term Liabilities $283.8M $177.7M $187.6M
YoY Change 59.72% 17.68% 10.67%
LONG-TERM LIABILITIES
Long-Term Debt $700.0K $500.0K $500.0K
YoY Change 40.0% 25.0% -94.44%
Other Long-Term Liabilities $4.000K $6.000K $7.000K
YoY Change -33.33% -99.94% -99.91%
Total Long-Term Liabilities $4.000K $6.000K $7.000K
YoY Change -33.33% -99.94% -99.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $283.8M $177.7M $187.6M
Total Long-Term Liabilities $4.000K $6.000K $7.000K
Total Liabilities $671.0M $537.4M $523.5M
YoY Change 24.86% 148.38% 115.76%
SHAREHOLDERS EQUITY
Retained Earnings $726.3M $483.6M $433.3M
YoY Change 50.19% 41.21% 48.11%
Common Stock $66.00K $64.00K $64.00K
YoY Change 3.13% 1.59% 1.59%
Preferred Stock
YoY Change
Treasury Stock (at cost) $40.40M $40.10M $40.10M
YoY Change 0.75% 46527.91% 46527.91%
Treasury Stock Shares $702.0K $698.0K $698.0K
Shareholders Equity $1.335B $1.059B $1.007B
YoY Change
Total Liabilities & Shareholders Equity $2.006B $1.596B $1.530B
YoY Change 25.66% 37.73% 35.27%

Cashflow Statement

Concept 2021 Q1 2020 Q1 2019 Q4
OPERATING ACTIVITIES
Net Income $64.66M $50.29M $26.96M
YoY Change 28.58% 0.79% 8.62%
Depreciation, Depletion And Amortization $5.900M $4.600M $4.500M
YoY Change 28.26% 21.05% 25.0%
Cash From Operating Activities $125.4M $91.00M -$4.300M
YoY Change 37.8% 14.9% -117.62%
INVESTING ACTIVITIES
Capital Expenditures -$4.700M -$12.50M -$24.10M
YoY Change -62.4% 8.7% -54.1%
Acquisitions
YoY Change
Other Investing Activities $0.00 $200.0K $0.00
YoY Change -100.0% 0.0% -100.0%
Cash From Investing Activities -$4.600M -$12.30M -$24.10M
YoY Change -62.6% 10.81% -54.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 900.0K 1.100M -39.90M
YoY Change -18.18% -106.59% 6550.0%
NET CHANGE
Cash From Operating Activities 125.4M 91.00M -4.300M
Cash From Investing Activities -4.600M -12.30M -24.10M
Cash From Financing Activities 900.0K 1.100M -39.90M
Net Change In Cash 121.7M 79.80M -68.30M
YoY Change 52.51% 55.25% 137.98%
FREE CASH FLOW
Cash From Operating Activities $125.4M $91.00M -$4.300M
Capital Expenditures -$4.700M -$12.50M -$24.10M
Free Cash Flow $130.1M $103.5M $19.80M
YoY Change 25.7% 14.11% -74.25%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EntityCentralIndexKey
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CY2021 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
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CY2021 dei Document Period End Date
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CY2021 dei Document Transition Report
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CY2021 dei Entity File Number
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CY2021 dei Entity Registrant Name
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Ollie's Bargain Outlet Holdings, Inc.
CY2021 dei Entity Incorporation State Country Code
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DE
CY2021 dei Entity Tax Identification Number
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CY2021 dei Entity Address Address Line1
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6295 Allentown Boulevard
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Suite 1
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Harrisburg
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657-2300
CY2021 dei Security12b Title
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Common Stock, $0.001 par value
CY2021 dei Trading Symbol
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OLLI
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CY2021 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2020 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
0
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.3052
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P6Y3M
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.27
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
23.67
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
18.78
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0076
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0230
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0270
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.2600
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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0.2585
CY2021Q1 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
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13800000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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CY2021 olli Common Stock Number Of Votes Per Share
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1
CY2021Q1 us-gaap Common Stock Shares Authorized
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500000000
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0.001
CY2021Q1 us-gaap Preferred Stock Shares Authorized
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50000000
CY2021Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.001
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414382000
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422431000
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327049000
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333865000
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324854000
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206842000
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165540000
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133282000
CY2019Q3 us-gaap Gross Profit
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64660000
CY2020Q4 us-gaap Net Income Loss
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45197000
CY2020Q3 us-gaap Net Income Loss
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99383000
CY2020Q2 us-gaap Net Income Loss
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33456000
CY2020Q1 us-gaap Net Income Loss
NetIncomeLoss
50287000
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25170000
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38717000
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0.99
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0.53
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CY2021Q1 us-gaap Earnings Per Share Diluted
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0.98
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0.68
CY2020Q3 us-gaap Earnings Per Share Diluted
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1.50
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0.51
CY2020Q1 us-gaap Earnings Per Share Diluted
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0.77
CY2019Q4 us-gaap Earnings Per Share Diluted
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0.41
CY2019Q3 us-gaap Earnings Per Share Diluted
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0.38
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59

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