$TLYS
TILLY'S, INC.

2013 Q4 Form 10-Q Financial Statement

#000119312513468317 Filed on December 10, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2012 Q4
Revenue $123.8M $124.9M
YoY Change -0.89% 16.39%
Cost Of Revenue $85.94M $83.09M
YoY Change 3.43% 16.29%
Gross Profit $37.84M $41.81M
YoY Change -9.48% 16.59%
Gross Profit Margin 30.57% 33.47%
Selling, General & Admin $27.69M $27.94M
YoY Change -0.88% 18.82%
% of Gross Profit 73.18% 66.83%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $5.040M $4.270M
YoY Change 18.03% 13.26%
% of Gross Profit 13.32% 10.21%
Operating Expenses $27.69M $27.94M
YoY Change -0.88% 18.82%
Operating Profit $10.15M $13.87M
YoY Change -26.81% 12.35%
Interest Expense $42.00K
YoY Change -14.29%
% of Operating Profit 0.3%
Other Income/Expense, Net $116.0K -$42.00K
YoY Change -376.19%
Pretax Income $10.27M $13.83M
YoY Change -25.75% 12.45%
Income Tax $4.121M $4.532M
% Of Pretax Income 40.14% 32.78%
Net Earnings $6.145M $9.294M
YoY Change -33.88% -23.54%
Net Earnings / Revenue 4.96% 7.44%
Basic Earnings Per Share $0.22 $0.34
Diluted Earnings Per Share $0.22 $0.33
COMMON SHARES
Basic Shares Outstanding 27.88M shares 27.66M shares
Diluted Shares Outstanding 28.17M shares 28.08M shares

Balance Sheet

Concept 2013 Q4 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $50.60M $49.80M
YoY Change 1.61%
Cash & Equivalents $20.66M $24.88M
Short-Term Investments $29.90M $24.90M
Other Short-Term Assets $13.40M $10.40M
YoY Change 28.85%
Inventory $56.38M $49.87M
Prepaid Expenses
Receivables $5.900M $8.100M
Other Receivables $0.00 $0.00
Total Short-Term Assets $126.3M $118.2M
YoY Change 6.83%
LONG-TERM ASSETS
Property, Plant & Equipment $102.4M $74.87M
YoY Change 36.79%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.418M $3.902M
YoY Change -12.4%
Total Long-Term Assets $105.8M $78.77M
YoY Change 34.35%
TOTAL ASSETS
Total Short-Term Assets $126.3M $118.2M
Total Long-Term Assets $105.8M $78.77M
Total Assets $232.1M $197.0M
YoY Change 17.84%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $26.96M $25.31M
YoY Change 6.53%
Accrued Expenses $12.11M $9.849M
YoY Change 23.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $700.0K
YoY Change 0.0%
Total Short-Term Liabilities $52.74M $50.14M
YoY Change 5.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.700M $3.400M
YoY Change -20.59%
Other Long-Term Liabilities $41.90M $36.70M
YoY Change 14.17%
Total Long-Term Liabilities $44.59M $40.14M
YoY Change 11.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $52.74M $50.14M
Total Long-Term Liabilities $44.59M $40.14M
Total Liabilities $97.34M $90.28M
YoY Change 7.82%
SHAREHOLDERS EQUITY
Retained Earnings $12.58M -$9.981M
YoY Change -226.05%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $134.8M $106.7M
YoY Change
Total Liabilities & Shareholders Equity $232.1M $197.0M
YoY Change 17.84%

Cashflow Statement

Concept 2013 Q4 2012 Q4
OPERATING ACTIVITIES
Net Income $6.145M $9.294M
YoY Change -33.88% -23.54%
Depreciation, Depletion And Amortization $5.040M $4.270M
YoY Change 18.03% 13.26%
Cash From Operating Activities $10.10M $10.89M
YoY Change -7.25% -33.56%
INVESTING ACTIVITIES
Capital Expenditures -$12.23M -$9.140M
YoY Change 33.81% 65.88%
Acquisitions
YoY Change
Other Investing Activities $30.00K $1.180M
YoY Change -97.46%
Cash From Investing Activities -$12.20M -$7.960M
YoY Change 53.27% 44.46%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.880M 460.0K
YoY Change 308.7% -101.76%
NET CHANGE
Cash From Operating Activities 10.10M 10.89M
Cash From Investing Activities -12.20M -7.960M
Cash From Financing Activities 1.880M 460.0K
Net Change In Cash -220.0K 3.390M
YoY Change -106.49% -122.17%
FREE CASH FLOW
Cash From Operating Activities $10.10M $10.89M
Capital Expenditures -$12.23M -$9.140M
Free Cash Flow $22.33M $20.03M
YoY Change 11.48% -8.54%

Facts In Submission

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dei Trading Symbol
TradingSymbol
TLYS
dei Entity Registrant Name
EntityRegistrantName
TILLY'S, INC.
dei Amendment Flag
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dei Entity Filer Category
EntityFilerCategory
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dei Document Fiscal Year Focus
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2013
dei Document Type
DocumentType
10-Q
dei Document Period End Date
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2013-11-02
dei Entity Central Index Key
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CY2012Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Interest Paid
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us-gaap Comprehensive Income Net Of Tax
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.017 pure
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28166000 shares
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ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.550 pure
CY2013Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
282000 shares
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CY2013Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
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CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
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CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013Q4 us-gaap Cost Of Goods Sold
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us-gaap Other Comprehensive Income Loss Net Of Tax
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us-gaap Net Cash Provided By Used In Financing Activities
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SalesRevenueNet
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OtherNonoperatingIncomeExpense
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us-gaap Share Based Compensation
ShareBasedCompensation
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us-gaap Depreciation And Amortization
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us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
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us-gaap Selling General And Administrative Expense
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Increase Decrease In Accounts Payable
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8144000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
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us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
3025000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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157000
CY2012Q4 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2012Q4 us-gaap Comprehensive Income Net Of Tax
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CY2012Q4 us-gaap Gross Profit
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CY2012Q4 us-gaap Operating Income Loss
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CY2013Q4 us-gaap Income Tax Expense Benefit
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us-gaap Proceeds From Sale And Maturity Of Marketable Securities
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us-gaap Net Cash Provided By Used In Investing Activities
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CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.576 pure

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