$SBH
Sally Beauty Holdings, Inc.

2018 Q2 Form 10-Q Financial Statement

#000156459018018741 Filed on August 02, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $996.3M $998.0M
YoY Change -0.18% -0.02%
Cost Of Revenue $502.9M $495.4M
YoY Change 1.52% -0.76%
Gross Profit $493.4M $502.6M
YoY Change -1.84% 0.73%
Gross Profit Margin 49.52% 50.36%
Selling, General & Admin $378.6M $337.2M
YoY Change 12.28% -0.71%
% of Gross Profit 76.74% 67.09%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.40M $29.30M
YoY Change -6.48% 15.35%
% of Gross Profit 5.55% 5.83%
Operating Expenses $378.6M $366.4M
YoY Change 3.33% 0.36%
Operating Profit $102.2M $136.2M
YoY Change -24.96% 1.75%
Interest Expense $24.50M -$26.97M
YoY Change -190.85% 1.77%
% of Operating Profit 23.97% -19.8%
Other Income/Expense, Net
YoY Change
Pretax Income $77.73M $103.4M
YoY Change -24.83% -3.72%
Income Tax $19.50M $36.80M
% Of Pretax Income 25.09% 35.59%
Net Earnings $58.23M $66.50M
YoY Change -12.44% -2.06%
Net Earnings / Revenue 5.84% 6.66%
Basic Earnings Per Share $0.48 $0.49
Diluted Earnings Per Share $0.48 $0.49
COMMON SHARES
Basic Shares Outstanding 120.9M 135.5M
Diluted Shares Outstanding 121.7M

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $76.90M $54.10M
YoY Change 42.14% -40.55%
Cash & Equivalents $76.86M $54.10M
Short-Term Investments
Other Short-Term Assets $42.10M $90.10M
YoY Change -53.27% 21.1%
Inventory $951.0M $947.6M
Prepaid Expenses
Receivables $48.70M $47.00M
Other Receivables $45.90M $41.40M
Total Short-Term Assets $1.165B $1.180B
YoY Change -1.33% 1.82%
LONG-TERM ASSETS
Property, Plant & Equipment $296.6M $310.2M
YoY Change -4.38% 0.78%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $22.70M $12.80M
YoY Change 77.34% -15.23%
Total Long-Term Assets $931.2M $940.3M
YoY Change -0.97% 0.89%
TOTAL ASSETS
Total Short-Term Assets $1.165B $1.180B
Total Long-Term Assets $931.2M $940.3M
Total Assets $2.096B $2.121B
YoY Change -1.17% 1.41%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $310.5M $291.9M
YoY Change 6.37% 4.18%
Accrued Expenses $166.5M $165.0M
YoY Change 0.91% -10.62%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $69.00M $82.20M
YoY Change -16.06% 11642.86%
Total Short-Term Liabilities $549.1M $542.0M
YoY Change 1.31% 15.66%
LONG-TERM LIABILITIES
Long-Term Debt $1.769B $1.785B
YoY Change -0.85% 0.09%
Other Long-Term Liabilities $33.80M $19.00M
YoY Change 77.89% -13.24%
Total Long-Term Liabilities $1.803B $1.804B
YoY Change -0.02% -0.07%
TOTAL LIABILITIES
Total Short-Term Liabilities $549.1M $542.0M
Total Long-Term Liabilities $1.803B $1.804B
Total Liabilities $2.422B $2.473B
YoY Change -2.06% 4.16%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$326.2M -$352.3M
YoY Change
Total Liabilities & Shareholders Equity $2.096B $2.121B
YoY Change -1.17% 1.41%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $58.23M $66.50M
YoY Change -12.44% -2.06%
Depreciation, Depletion And Amortization $27.40M $29.30M
YoY Change -6.48% 15.35%
Cash From Operating Activities $102.4M $63.90M
YoY Change 60.25% 74.59%
INVESTING ACTIVITIES
Capital Expenditures -$23.50M -$17.30M
YoY Change 35.84% -53.37%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$23.40M -$17.20M
YoY Change 36.05% -52.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -68.50M -42.20M
YoY Change 62.32% -1858.33%
NET CHANGE
Cash From Operating Activities 102.4M 63.90M
Cash From Investing Activities -23.40M -17.20M
Cash From Financing Activities -68.50M -42.20M
Net Change In Cash 10.50M 4.500M
YoY Change 133.33% 66.67%
FREE CASH FLOW
Cash From Operating Activities $102.4M $63.90M
Capital Expenditures -$23.50M -$17.30M
Free Cash Flow $125.9M $81.20M
YoY Change 55.05% 10.18%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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AccruedIncomeTaxesNoncurrent
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CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2018Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
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CY2018Q2 us-gaap Intangible Assets Net Including Goodwill
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CY2018Q2 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
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CY2017Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
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us-gaap Income Tax Expense Benefit Continuing Operations Adjustment Of Deferred Tax Asset Liability
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us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2018Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.245
sbh Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate Thereafter
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRateThereafter
0.210
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
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CY2018Q2 us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Effective Income Tax Rate Continuing Operations
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CY2018Q2 us-gaap Interest Income Expense Nonoperating Net
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-24501000
CY2017Q2 us-gaap Interest Income Expense Nonoperating Net
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CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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CY2017Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
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us-gaap Goodwill Impairment Loss
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us-gaap Impairment Of Intangible Assets Excluding Goodwill
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CY2017Q2 us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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us-gaap Amortization Of Intangible Assets
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CY2018Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
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CY2018Q2 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
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CY2018Q2 us-gaap Derivative Assets
DerivativeAssets
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CY2017Q3 us-gaap Derivative Assets
DerivativeAssets
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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us-gaap Effective Income Tax Rate Reconciliation Repatriation Of Foreign Earnings
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CY2018Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
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us-gaap Interest Income Expense Nonoperating Net
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CY2017Q3 us-gaap Debt And Capital Lease Obligations
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us-gaap Interest Income Expense Net
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us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
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CY2018Q2 us-gaap Loss Contingency Loss In Period
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7900000

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