$SPWH
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.

2015 Q1 Form 10-K Financial Statement

#000156459015002345 Filed on April 02, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1 2014
Revenue $165.4M $175.7M $643.2M
YoY Change -5.86% -7.04% 22.06%
Cost Of Revenue $103.8M $118.8M $435.9M
YoY Change -12.63% -9.04% 19.65%
Gross Profit $61.60M $56.90M $207.2M
YoY Change 8.26% -2.74% 27.44%
Gross Profit Margin 37.24% 32.38% 32.22%
Selling, General & Admin $47.50M $40.50M $147.1M
YoY Change 17.28% 25.0% 34.5%
% of Gross Profit 77.11% 71.18% 71.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.500M $1.800M $4.749M
YoY Change 38.89% -28.0% 38.41%
% of Gross Profit 4.06% 3.16% 2.29%
Operating Expenses $47.50M $40.50M $147.1M
YoY Change 17.28% 25.39% 34.37%
Operating Profit $14.10M $16.40M $60.04M
YoY Change -14.02% -37.4% 13.03%
Interest Expense -$9.000M -$5.600M $25.45M
YoY Change 60.71% 75.0% -503.92%
% of Operating Profit -63.83% -34.15% 42.39%
Other Income/Expense, Net
YoY Change
Pretax Income $5.200M $10.80M $34.59M
YoY Change -51.85% -54.04% -26.72%
Income Tax $2.000M $3.400M $12.84M
% Of Pretax Income 38.46% 31.48% 37.12%
Net Earnings $3.200M $7.400M $21.75M
YoY Change -56.76% -47.14% -22.53%
Net Earnings / Revenue 1.93% 4.21% 3.38%
Basic Earnings Per Share $0.66
Diluted Earnings Per Share $76.37K $179.2K $0.66
COMMON SHARES
Basic Shares Outstanding 33.17M
Diluted Shares Outstanding 33.19M

Balance Sheet

Concept 2015 Q1 2014 Q1 2014
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.800M $1.400M $1.400M
YoY Change 28.57% -96.16%
Cash & Equivalents $1.751M $1.354M $1.400M
Short-Term Investments
Other Short-Term Assets $10.40M $10.00M $10.00M
YoY Change 4.0% 29.87%
Inventory $185.9M $161.3M $161.3M
Prepaid Expenses
Receivables $425.0K $413.0K $400.0K
Other Receivables $5.200M $3.200M $3.200M
Total Short-Term Assets $203.7M $176.3M $176.3M
YoY Change 15.51% 22.86%
LONG-TERM ASSETS
Property, Plant & Equipment $54.32M $31.49M $31.50M
YoY Change 72.47% 178.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.608M $2.833M $8.900M
YoY Change -43.24% -23.93%
Total Long-Term Assets $67.05M $47.91M $47.90M
YoY Change 39.95% 107.36%
TOTAL ASSETS
Total Short-Term Assets $203.7M $176.3M $176.3M
Total Long-Term Assets $67.05M $47.91M $47.90M
Total Assets $270.7M $224.2M $224.2M
YoY Change 20.74% 34.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $28.50M $27.66M $27.70M
YoY Change 3.02% 5.32%
Accrued Expenses $42.62M $31.88M $17.60M
YoY Change 33.67% 7.32%
Deferred Revenue
YoY Change
Short-Term Debt $50.20M $34.70M $34.70M
YoY Change 44.67%
Long-Term Debt Due $1.333M $1.860M $1.900M
YoY Change -28.33% -45.71%
Total Short-Term Liabilities $117.2M $93.10M $93.10M
YoY Change 25.91% 43.89%
LONG-TERM LIABILITIES
Long-Term Debt $156.7M $229.3M $229.3M
YoY Change -31.65% 89.04%
Other Long-Term Liabilities $28.10M $23.00M $23.00M
YoY Change 22.17% 2.22%
Total Long-Term Liabilities $184.8M $252.2M $252.3M
YoY Change -26.72% 75.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $117.2M $93.10M $93.10M
Total Long-Term Liabilities $184.8M $252.2M $252.3M
Total Liabilities $302.1M $345.3M $345.3M
YoY Change -12.53% 65.69%
SHAREHOLDERS EQUITY
Retained Earnings -$108.0M -$121.8M
YoY Change -11.32%
Common Stock $76.68M $638.0K
YoY Change 11918.03%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$31.33M -$121.1M -$121.1M
YoY Change
Total Liabilities & Shareholders Equity $270.7M $224.2M $224.2M
YoY Change 20.74% 34.57%

Cashflow Statement

Concept 2015 Q1 2014 Q1 2014
OPERATING ACTIVITIES
Net Income $3.200M $7.400M $21.75M
YoY Change -56.76% -47.14% -22.53%
Depreciation, Depletion And Amortization $2.500M $1.800M $4.749M
YoY Change 38.89% -28.0% 38.41%
Cash From Operating Activities $34.30M $40.10M $0.00
YoY Change -14.46% -36.55% -100.0%
INVESTING ACTIVITIES
Capital Expenditures -$6.700M -$4.900M $20.42M
YoY Change 36.73% 308.33% -395.88%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 -$47.60M
YoY Change -205.31%
Cash From Investing Activities -$6.700M -$4.900M -$68.10M
YoY Change 36.73% 308.33% -277.81%
FINANCING ACTIVITIES
Cash Dividend Paid $101.1M
YoY Change -15.95%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $125.9M
YoY Change
Cash From Financing Activities -27.60M -35.20M 32.90M
YoY Change -21.59% 18.92% -151.41%
NET CHANGE
Cash From Operating Activities 34.30M 40.10M 0.000
Cash From Investing Activities -6.700M -4.900M -68.10M
Cash From Financing Activities -27.60M -35.20M 32.90M
Net Change In Cash 0.0000000009313 0.00000001583 -35.20M
YoY Change -94.12% -100.0% -197.24%
FREE CASH FLOW
Cash From Operating Activities $34.30M $40.10M $0.00
Capital Expenditures -$6.700M -$4.900M $20.42M
Free Cash Flow $41.00M $45.00M -$20.42M
YoY Change -8.89% -30.12% -129.67%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Fiscal Year</p> <p style="margin-bottom:0pt;margin-top:6pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">The Company operates using a 52/53 week fiscal year ending on the Saturday closest to January&#160;31. Fiscal years 2014, 2013 and 2012 ended on January 31, 2015, February 1, 2014 and February 2, 2013, respectively. Fiscal year 2012 contains 53&#160;weeks of operations and fiscal years 2013 and 2014 contain 52 weeks of operations. </p></div>
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