$SWBI
SMITH & WESSON BRANDS, INC.

2015 Q4 Form 10-Q Financial Statement

#000156459016029728 Filed on December 01, 2016

View on sec.gov

Income Statement

Concept 2015 Q4
Revenue $143.2M
YoY Change 32.09%
Cost Of Revenue $87.00M
YoY Change 18.2%
Gross Profit $56.22M
YoY Change 61.35%
Gross Profit Margin 39.24%
Selling, General & Admin $31.70M
YoY Change 40.27%
% of Gross Profit 56.39%
Research & Development $2.700M
YoY Change 80.0%
% of Gross Profit 4.8%
Depreciation & Amortization $10.10M
YoY Change 46.38%
% of Gross Profit 17.97%
Operating Expenses $34.50M
YoY Change 43.72%
Operating Profit $21.72M
YoY Change 100.42%
Interest Expense -$2.300M
YoY Change -178.93%
% of Operating Profit -10.59%
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income $19.50M
YoY Change 145.9%
Income Tax $7.000M
% Of Pretax Income 35.9%
Net Earnings $12.47M
YoY Change 146.85%
Net Earnings / Revenue 8.7%
Basic Earnings Per Share $0.23
Diluted Earnings Per Share $0.22
COMMON SHARES
Basic Shares Outstanding 54.45M
Diluted Shares Outstanding 55.67M

Balance Sheet

Concept 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.10M
YoY Change -15.99%
Cash & Equivalents $54.06M
Short-Term Investments
Other Short-Term Assets $23.30M
YoY Change -8.98%
Inventory $100.9M
Prepaid Expenses
Receivables $50.20M
Other Receivables $6.400M
Total Short-Term Assets $234.9M
YoY Change -4.09%
LONG-TERM ASSETS
Property, Plant & Equipment $138.4M
YoY Change 3.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $6.700M
YoY Change -64.82%
Total Long-Term Assets $288.9M
YoY Change 68.88%
TOTAL ASSETS
Total Short-Term Assets $234.9M
Total Long-Term Assets $288.9M
Total Assets $523.8M
YoY Change 25.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $31.30M
YoY Change 31.23%
Accrued Expenses $44.00M
YoY Change 191.16%
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due $6.300M
YoY Change
Total Short-Term Liabilities $86.20M
YoY Change 46.05%
LONG-TERM LIABILITIES
Long-Term Debt $169.3M
YoY Change -3.26%
Other Long-Term Liabilities $9.600M
YoY Change -12.86%
Total Long-Term Liabilities $178.9M
YoY Change 1523.85%
TOTAL LIABILITIES
Total Short-Term Liabilities $86.20M
Total Long-Term Liabilities $178.9M
Total Liabilities $298.5M
YoY Change 16.48%
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 $225.3M
YoY Change
Total Liabilities & Shareholders Equity $523.8M
YoY Change 25.92%

Cashflow Statement

Concept 2015 Q4
OPERATING ACTIVITIES
Net Income $12.47M
YoY Change 146.85%
Depreciation, Depletion And Amortization $10.10M
YoY Change 46.38%
Cash From Operating Activities $6.200M
YoY Change -143.66%
INVESTING ACTIVITIES
Capital Expenditures -$10.50M
YoY Change 56.72%
Acquisitions
YoY Change
Other Investing Activities $3.400M
YoY Change 126.67%
Cash From Investing Activities -$7.000M
YoY Change 34.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -500.0K
YoY Change -225.0%
NET CHANGE
Cash From Operating Activities 6.200M
Cash From Investing Activities -7.000M
Cash From Financing Activities -500.0K
Net Change In Cash -1.300M
YoY Change -93.16%
FREE CASH FLOW
Cash From Operating Activities $6.200M
Capital Expenditures -$10.50M
Free Cash Flow $16.70M
YoY Change -322.67%

Facts In Submission

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<div> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-family:Times New Roman;font-size:10pt;font-style:normal;text-transform:none;font-variant: normal;">(1)&#160;Organization: </p> <p style="margin-bottom:0pt;margin-top:12pt;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;text-indent:4.54%;">We are one of the world&#8217;s leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast. We manufacture a wide array of handguns (including revolvers and pistols), long guns (including modern sporting rifles, bolt action rifles, and single shot rifles), handcuffs, and firearm-related products and accessories for sale to a wide variety of customers, including gun enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, and law enforcement and security agencies and officers in the United States and throughout the world. We are also a leading provider of outdoor products &amp; accessories, including, reloading, gunsmithing, gun cleaning supplies, tree saws, laser sights, tactical lights, tools and knives, flashlights, soft goods, and vault accessories. </p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">We manufacture firearm components at our facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut and develop, assemble, and market our firearm products in our Springfield, Massachusetts facility. We develop, source, market, and distribute our outdoor and accessories products at our facilities in Columbia, Missouri and Kingsport, Tennessee. We develop, market, and assemble our electro-optics products in our Wilsonville, Oregon facility. We sell our products under a variety of brands, including the Smith&#160;&amp; Wesson<sup style="font-size:85%; vertical-align:top">&#174;</sup>, M&amp;P<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Thompson/Center Arms<font style="font-size:8pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>, Crimson Trace<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Caldwell<sup style="font-size:85%; vertical-align:top">&#174;</sup> Shooting Supplies, Wheeler<sup style="font-size:85%; vertical-align:top">&#174;</sup> Engineering, Tipton<sup style="font-size:85%; vertical-align:top">&#174;</sup> Gun Cleaning Supplies, Frankford Arsenal<sup style="font-size:85%; vertical-align:top">&#174;</sup> Reloading Tools, Lockdown<sup style="font-size:85%; vertical-align:top">&#174;</sup> Vault Accessories, Hooyman<font style="font-size:8pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font> Premium Tree Saws, BOG-POD<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Golden Rod<sup style="font-size:85%; vertical-align:top">&#174;</sup> Moisture Control, Schrade<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Old Timer<sup style="font-size:85%; vertical-align:top">&#174;</sup>, Uncle Henry<sup style="font-size:85%; vertical-align:top">&#174;</sup>, and Imperial<font style="font-size:8pt;"><sup style="font-size:85%; vertical-align:top">TM</sup></font>. We plan to continue to capitalize on the goodwill developed through our historic 164 year old &#8220;Smith&#160;&amp; Wesson&#8221; brand as well as our other well-known brands by expanding consumer awareness of the products we produce.</p> <p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">On August 1, 2016, we acquired substantially all of the net assets of Taylor Brands, LLC, and on August 26, 2016 we acquired all of the issued and outstanding stock of Crimson Trace Corporation. See note 3 &#8211; <font style="font-style:italic;">Acquisitions</font> for more information regarding these transactions. </p></div>
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5
CY2016Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
717700
CY2016Q2 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
694000
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2

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0001564590-16-029728.txt Edgar Link pending
0001564590-16-029728-xbrl.zip Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
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report.css Edgar Link pending
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swhc-10q_20161031.htm Edgar Link pending
swhc-20161031.xml Edgar Link completed
swhc-20161031.xsd Edgar Link pending
swhc-20161031_cal.xml Edgar Link unprocessable
swhc-20161031_def.xml Edgar Link unprocessable
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