$VNCE
VINCE HOLDING CORP.

2019 Q2 Form 10-Q Financial Statement

#000156459019022471 Filed on June 13, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $74.02M $54.50M
YoY Change 35.81% -6.11%
Cost Of Revenue $36.13M $29.00M
YoY Change 24.57% -10.77%
Gross Profit $37.89M $25.50M
YoY Change 48.6% -0.36%
Gross Profit Margin 51.19% 46.79%
Selling, General & Admin $44.12M $29.90M
YoY Change 47.57% -11.5%
% of Gross Profit 116.44% 117.25%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.733M $2.069M
YoY Change 32.09% -14.33%
% of Gross Profit 7.21% 8.11%
Operating Expenses $44.12M $29.90M
YoY Change 47.57% -11.5%
Operating Profit -$6.231M -$4.364M
YoY Change 42.78% -46.74%
Interest Expense $1.359M $1.289M
YoY Change 5.43% 23.47%
% of Operating Profit
Other Income/Expense, Net -$110.0K $64.00K
YoY Change -271.88% -6500.0%
Pretax Income -$7.700M -$5.589M
YoY Change 37.77% -39.5%
Income Tax $47.00K $48.00K
% Of Pretax Income
Net Earnings -$7.747M -$5.637M
YoY Change 37.43% -39.32%
Net Earnings / Revenue -10.47% -10.34%
Basic Earnings Per Share -$0.67 -$0.49
Diluted Earnings Per Share -$0.67 -$0.49
COMMON SHARES
Basic Shares Outstanding 11.63M 11.62M
Diluted Shares Outstanding 11.63M 11.62M

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $100.0K $5.200M
YoY Change -98.08% -66.23%
Cash & Equivalents $1.016M $5.228M
Short-Term Investments
Other Short-Term Assets $7.800M $7.500M
YoY Change 4.0% 158.62%
Inventory $50.30M $49.40M
Prepaid Expenses
Receivables $15.80M $12.80M
Other Receivables $0.00 $0.00
Total Short-Term Assets $74.00M $74.90M
YoY Change -1.2% 5.79%
LONG-TERM ASSETS
Property, Plant & Equipment $104.3M $30.00M
YoY Change 247.67% -28.57%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $3.300M $2.700M
YoY Change 22.22% 8.0%
Total Long-Term Assets $225.4M $151.1M
YoY Change 49.17% -7.58%
TOTAL ASSETS
Total Short-Term Assets $74.00M $74.90M
Total Long-Term Assets $225.4M $151.1M
Total Assets $299.4M $226.0M
YoY Change 32.48% -3.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.60M $20.10M
YoY Change 7.46% -19.6%
Accrued Expenses $29.80M $13.30M
YoY Change 124.06% -0.75%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $2.800M $8.000M
YoY Change -65.0%
Total Short-Term Liabilities $54.10M $41.40M
YoY Change 30.68% 7.81%
LONG-TERM LIABILITIES
Long-Term Debt $41.50M $41.60M
YoY Change -0.24% -35.4%
Other Long-Term Liabilities $137.1M $73.60M
YoY Change 86.28% -52.36%
Total Long-Term Liabilities $178.6M $115.2M
YoY Change 55.03% -47.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $54.10M $41.40M
Total Long-Term Liabilities $178.6M $115.2M
Total Liabilities $232.7M $156.6M
YoY Change 48.6% -39.14%
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 $91.03M $69.33M
YoY Change
Total Liabilities & Shareholders Equity $299.4M $226.0M
YoY Change 32.48% -3.54%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income -$7.747M -$5.637M
YoY Change 37.43% -39.32%
Depreciation, Depletion And Amortization $2.733M $2.069M
YoY Change 32.09% -14.33%
Cash From Operating Activities $3.466M -$517.0K
YoY Change -770.41% -97.38%
INVESTING ACTIVITIES
Capital Expenditures -$720.0K -$250.0K
YoY Change 188.0% -86.03%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$720.0K -$250.0K
YoY Change 188.0% -85.99%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.936M 622.0K
YoY Change -411.25% -96.1%
NET CHANGE
Cash From Operating Activities 3.466M -517.0K
Cash From Investing Activities -720.0K -250.0K
Cash From Financing Activities -1.936M 622.0K
Net Change In Cash 810.0K -145.0K
YoY Change -658.62% -97.39%
FREE CASH FLOW
Cash From Operating Activities $3.466M -$517.0K
Capital Expenditures -$720.0K -$250.0K
Free Cash Flow $4.186M -$267.0K
YoY Change -1667.79% -98.51%

Facts In Submission

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<p style="margin-bottom:0pt;margin-top:12pt;text-indent:4.54%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">(A) Description of Business:<font style="font-weight:normal;"> Established in 2002, Vince is a global luxury apparel and accessories brand best known for creating elevated yet understated pieces for every day. The collections are inspired by the brand&#8217;s California origins and embody a feeling of warm and effortless style.&#160;Vince designs uncomplicated yet refined pieces that approach dressing with a sense of ease.&#160; Known for its range of luxury products, Vince offers women&#8217;s and men&#8217;s ready-to-wear and footwear, as well as capsule collections of handbags, fragrance and home for a global lifestyle. Vince products are sold in prestige locations worldwide. The Company reaches its customers through a variety of channels, specifically through major wholesale department stores and specialty stores in the United States (&#8220;U.S.&#8221;) and select international markets, as well as through the Company&#8217;s branded retail locations, the Company&#8217;s e-commerce site, vince.com, and the Company&#8217;s subscription business, Vince Unfold. The Company designs products in the U.S. and sources the vast majority of products from contract manufacturers outside the U.S., primarily in Asia. Products are manufactured to meet the Company&#8217;s product specifications and labor standards.</font></p>
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Files In Submission

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Financial_Report.xlsx Edgar Link pending
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