$SPWH
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2023 Q2 Form 10-Q Financial Statement

#000095017023025096 Filed on May 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q2
Revenue $267.5M
YoY Change -13.56%
Cost Of Revenue $187.5M
YoY Change -10.9%
Gross Profit $80.04M
YoY Change -19.22%
Gross Profit Margin 29.92%
Selling, General & Admin $99.00M
YoY Change 3.04%
% of Gross Profit 123.69%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $8.767M
YoY Change 18.68%
% of Gross Profit 10.95%
Operating Expenses $99.00M
YoY Change 3.04%
Operating Profit -$18.96M
YoY Change -730.71%
Interest Expense $2.047M
YoY Change 261.02%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$21.01M
YoY Change -961.25%
Income Tax -$5.367M
% Of Pretax Income
Net Earnings -$15.64M
YoY Change -882.73%
Net Earnings / Revenue -5.85%
Basic Earnings Per Share -$0.42
Diluted Earnings Per Share -$0.42
COMMON SHARES
Basic Shares Outstanding 37.66M
Diluted Shares Outstanding 37.61M

Balance Sheet

Concept 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.040M
YoY Change -94.73%
Cash & Equivalents $3.040M
Short-Term Investments
Other Short-Term Assets $21.50M
YoY Change 2.98%
Inventory $469.5M
Prepaid Expenses
Receivables $2.415M
Other Receivables $3.500M
Total Short-Term Assets $499.9M
YoY Change -3.16%
LONG-TERM ASSETS
Property, Plant & Equipment $177.0M
YoY Change 32.19%
Goodwill $1.496M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $481.8M
YoY Change 26.28%
TOTAL ASSETS
Total Short-Term Assets $499.9M
Total Long-Term Assets $481.8M
Total Assets $981.7M
YoY Change 9.35%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.7M
YoY Change 11.97%
Accrued Expenses $90.44M
YoY Change -2.79%
Deferred Revenue $36.85M
YoY Change -6.67%
Short-Term Debt $166.3M
YoY Change 46.28%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $400.0M
YoY Change 16.29%
LONG-TERM LIABILITIES
Long-Term Debt $0.00
YoY Change
Other Long-Term Liabilities $296.6M
YoY Change 27.53%
Total Long-Term Liabilities $305.1M
YoY Change 28.14%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.0M
Total Long-Term Liabilities $305.1M
Total Liabilities $705.1M
YoY Change 21.14%
SHAREHOLDERS EQUITY
Retained Earnings $196.9M
YoY Change -12.46%
Common Stock $79.72M
YoY Change -12.21%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $276.6M
YoY Change
Total Liabilities & Shareholders Equity $981.7M
YoY Change 9.35%

Cashflow Statement

Concept 2023 Q2
OPERATING ACTIVITIES
Net Income -$15.64M
YoY Change -882.73%
Depreciation, Depletion And Amortization $8.767M
YoY Change 18.68%
Cash From Operating Activities -$36.99M
YoY Change 119.59%
INVESTING ACTIVITIES
Capital Expenditures $22.76M
YoY Change 89.63%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$22.76M
YoY Change 89.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 60.39M
YoY Change 104.51%
NET CHANGE
Cash From Operating Activities -36.99M
Cash From Investing Activities -22.76M
Cash From Financing Activities 60.39M
Net Change In Cash 651.0K
YoY Change -5.24%
FREE CASH FLOW
Cash From Operating Activities -$36.99M
Capital Expenditures $22.76M
Free Cash Flow -$59.74M
YoY Change 107.12%

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434000
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604000
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15820000
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5994000
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1323000
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CY2023Q1 us-gaap Other Accrued Liabilities Current
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90440000
CY2023Q1 us-gaap Accrued Liabilities Current
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99976000
CY2023Q2 us-gaap Lessee Operating Lease Existence Of Option To Extend
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true
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-5367000
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IncomeTaxExpenseBenefit
441000
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0.255
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0.181
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0.210
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261000
CY2022Q2 us-gaap Short Term Lease Cost
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CY2022Q2 us-gaap Lease Cost
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CY2023Q2 us-gaap Operating Lease Payments
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16826000
CY2022Q2 us-gaap Operating Lease Payments
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15520000
CY2023Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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37888000
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6378000
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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52950000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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CY2023Q2 us-gaap Operating Lease Liability
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CY2023Q2 us-gaap Lessee Operating Lease Term Of Contract
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CY2022Q2 us-gaap Interest Costs Capitalized
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CY2023Q2 us-gaap Net Income Loss
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CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2022Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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283000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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238000
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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128000
CY2022Q1 us-gaap Stock Repurchase Program Authorized Amount1
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0.01
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2024-03-31
CY2023Q2 us-gaap Treasury Stock Shares Acquired
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100000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
700000

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