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YETI Holdings, Inc. (YETI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
 
In millions, except per share itemsDec-31-22Jan-01-22Jan-02-21Dec-28-19Dec-29-18Dec-30-17Dec-31-16
   10-K10-K10-K10-K10-K10-K10-K
Revenues:  
Total revenues  1,595.21,411.01,091.7913.7778.8639.2818.9
            Revenue growth   [+]13.1%29.2%19.5%17.3%21.8%-21.9% 
Cost of goods sold  831.8594.9462.9438.4395.7344.6405.0
Gross profit  763.4816.1628.8475.3383.1294.6414.0
            Gross margin  47.9%57.8%57.6%52.0%49.2%46.1%50.5%
Selling, general and administrative  637.0541.2414.6385.5281.0230.6325.8
Adjusted EBITDA  184.0322.5253.8171.1140.298.1218.3
            Adjusted EBITDA margin  11.5%22.9%23.2%18.7%18.0%15.4%26.7%
Stock-based compensation  17.815.59.052.313.213.4118.4
EBITDA   [+]166.2307.0244.8118.7126.984.799.9
            EBITDA margin  10.4%21.8%22.4%13.0%16.3%13.3%12.2%
Depreciation  32.925.724.623.219.515.46.3
EBITA  133.3281.3220.195.6107.569.493.6
            EBITA margin  8.4%19.9%20.2%10.5%13.8%10.9%11.4%
Amortization of intangibles  6.96.45.95.85.35.45.4
EBIT   [+]126.4274.9214.289.8102.264.088.2
            EBIT margin  7.9%19.5%19.6%9.8%13.1%10.0%10.8%
Interest expense  4.53.39.221.831.332.621.7
Other income (expense), net  -5.7-3.20.1-0.7-1.30.7-1.2
Pre-tax income  116.2268.4205.267.369.632.165.3
Income taxes  26.555.849.416.811.916.716.5
            Tax rate  22.8%20.8%24.1%25.0%17.0%52.0%25.3%
Minority interest        0.8
Net income  89.7212.6155.850.457.815.448.0
            Net margin  5.6%15.1%14.3%5.5%7.4%2.4%5.9%
   
Basic EPS   [+]$1.04$2.43$1.79$0.59$0.71$0.19$0.59
Diluted EPS   [+]$1.03$2.40$1.77$0.58$0.69$0.19$0.58
   
Dividends per share   [+]   $0.01$0.03  
   
Shares outstanding (basic)   [+]86.587.487.085.181.881.581.1
Shares outstanding (diluted)   [+]87.288.787.886.383.583.082.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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