← Designer Brands Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $124.5m |
$67.3m
-45.96%
|
($20.5m)
-130.41%
|
$94.5m
+561.73%
|
($488.7m)
-617.18%
|
$154.5m
+131.61%
|
$162.7m
+5.30%
|
$29.1m
-82.14%
|
($10.5m)
-136.30%
|
($8.4m)
+20.62%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $124.5m | $67.5m | ($20.5m) | $94.5m | ($488.7m) | $154.5m | $162.7m | $29.2m | ($10.0m) | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | $0 | ($10k) | $154k | $574k | $2.8m | — | |
| Depreciation, Depletion and Amortization | $81.6m | $80.9m | $79.0m | $86.6m | $88.0m | $77.9m | $81.3m | $66.1m | $63.8m | $59.1m | $58.7m | |
| Amortization of Intangible Assets | $3.7m | — | — | — | — | — | $400k | $1.9m | — | $1.9m | — | |
| Capitalized Computer Software, Amortization | — | — | — | — | — | — | $900k | $2.4m | $5.2m | $7.3m | — | |
| Deferred Income Tax Expense (Benefit) | $7.2m | ($12.8m) | ($11.7m) | ($2.7m) | $34.4m | ($987k) | ($51.7m) | $9.1m | ($4.3m) | — | $16.3m | |
| Deferred income taxes | $6.9m | ($12.8m) | ($11.7m) | ($2.9m) | $34.5m | ($1.0m) | ($51.9m) | $9.1m | ($4.3m) | $7.4m | $16.3m | |
| Share-based Payment Arrangement, Noncash Expense | $12.7m | $14.7m | $17.4m | $17.1m | $20.2m | $23.9m | $28.5m | $29.4m | $18.7m | — | $19.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.6m | — | — | — | $1.5m | $8.7m | $7.9m | $17.5m | $4.4m | — | — | |
| Share-based Payment Arrangement, Expense | $12.7m | $14.7m | $17.4m | $17.1m | $20.2m | $23.9m | $28.5m | $29.4m | $18.7m | — | $19.4m | |
| Stock-based compensation expense | $12.7m | $14.7m | $17.4m | $17.1m | $20.2m | $23.9m | $28.5m | $29.4m | $18.7m | $19.0m | $19.4m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $0 | — | — | — | |
| Goodwill and Intangible Asset Impairment | — | $89.4m | $60.8m | $7.8m | $153.6m | — | — | — | — | — | — | |
| Goodwill, Impairment Loss | $0 | $53.8m | — | — | — | — | — | — | — | — | $1.5m | |
| Impairment of Intangible Assets, Finite-lived | — | $31.9m | — | — | — | — | — | — | — | — | — | |
| Asset Impairment Charges | $0 | $89.4m | — | — | $153.6m | $1.7m | $4.3m | $4.8m | $18.3m | $4.4m | $1.5m | |
| Income (Loss) from Equity Method Investments | $741k | — | ($12k) | $10.1m | $9.3m | $9.0m | $8.9m | $9.4m | — | — | — | |
| Nonoperating Income (Expense) | $338k | ($1.9m) | ($49.6m) | ($170k) | $1.4m | ($67k) | ($130k) | ($33k) | ($372k) | ($192k) | — | |
| Income from equity investments | — | — | — | — | ($9.3m) | ($9.0m) | ($8.9m) | ($9.4m) | ($13.1m) | ($10.2m) | — | |
| Distributions received from equity investments | — | $0 | $0 | $10.5m | $8.5m | $12.0m | $8.8m | $10.4m | $12.3m | $15.3m | — | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($5) | — | — | — | — | $9 | $9 | $9 | $13 | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Accounts Receivable, Credit Loss Expense (Reversal) | — | — | $939k | $1.4m | $1.0m | $40k | — | — | — | — | ($19.1m) | |
| Accounts receivables | ($2.2m) | ($230k) | $36.2m | $265k | $23.2m | $8.7m | $8.0m | $3.3m | ($15.4m) | ($9.0m) | ($19.1m) | |
| Inventories | $14.4m | ($1.9m) | ($4.2m) | $9.3m | $160.3m | ($113.2m) | ($16.0m) | $76.2m | ($24.8m) | $39.2m | $37.6m | |
| Increase (Decrease) in Accounts Payable | ($30.6m) | ($8.9m) | ($38.1m) | $37.0m | ($47.0m) | $92.9m | ($92.7m) | $36.1m | ($20.9m) | ($34.5m) | ($26.5m) | |
| Accrued capital expenditures | $87.6m | $56.3m | $65.4m | $77.8m | $31.1m | $33.0m | $55.0m | $55.0m | $50.9m | — | — | |
| Accrued expenses | $18.8m | $11.1m | $17.0m | ($26.6m) | $30.1m | $10.7m | ($20.1m) | ($29.9m) | ($15.2m) | $14.0m | $11.4m | |
| Other | $1.6m | $644k | ($2.7m) | $841k | ($2.2m) | ($296k) | ($62k) | ($152k) | ($938k) | ($3.1m) | — | |
| Prepaid expenses and other current assets | $3.9m | ($16.4m) | ($12.3m) | ($15.0m) | $17.2m | ($3.9m) | ($5.4m) | ($29.2m) | $34.9m | $9.8m | — | |
| Net Cash Provided by (Used in) Operating Activities | $212.9m |
$191.0m
-10.28%
|
$175.3m
-8.21%
|
$196.7m
+12.19%
|
($153.8m)
-178.18%
|
$171.4m
+211.47%
|
$201.4m
+17.50%
|
$162.4m
-19.38%
|
$82.2m
-49.36%
|
$109.9m
+33.59%
|
$108.2m
-1.52%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $87.6m | $56.3m | $65.4m | $77.8m | $31.1m | $33.0m | $55.0m | $55.0m | $50.9m | $2.8m | ($34.2m) | |
| Gain (Loss) on Disposition of Property Plant Equipment | ($723k) | ($56.3m) | ($65.4m) | ($77.8m) | ($31.1m) | ($33.0m) | ($55.0m) | ($55.0m) | ($50.9m) | ($31.6m) | ($10.0m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $59.8m | $0 | $199.4m | $0 | — | $0 | — | — | — | — | $0 | |
| Cash paid for business acquisitions | — | — | — | — | — | $0 | ($19.1m) | ($127.5m) | $0 | $0 | — | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | $0 | $2.0m | $5.9m | $0 | ($4.4m) | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($27.3m) | ($59.0m) | ($282.0m) | ($27.4m) | $2.6m | ($35.0m) | ($88.1m) | ($182.5m) | ($62.7m) | ($33.5m) | ($36.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | — | $0 | ($12.9m) | $0 | — | — | — | |
| Borrowing on revolving credit facility | $0 | $0 | $160.0m | $463.3m | $276.0m | $0 | $1.7b | $1.2b | $1.3b | $887.4m | — | |
| Payments for borrowings under the Term Loan | — | — | $0 | $0 | ($6.3m) | ($12.5m) | ($238.2m) | $0 | ($6.8m) | ($6.8m) | — | |
| Payments of debt issuance costs | $0 | ($1.0m) | $0 | $0 | ($21.4m) | $0 | ($2.3m) | ($10.7m) | $0 | $0 | — | |
| Payments for Repurchase of Common Stock | $50.0m | $9.4m | $47.5m | $141.6m | $0 | $0 | $147.5m | $102.2m | $68.6m | — | — | |
| Dividends paid | $65.1m | $63.8m | $79.8m | $72.6m | $7.2m | $0 | $13.5m | $12.2m | $10.5m | ($9.7m) | ($9.7m) | |
| Payments of Dividends | $65.1m | $63.8m | $79.8m | $72.6m | $7.2m | $0 | $13.5m | $12.2m | $10.5m | — | ($9.7m) | |
| Proceeds from (Payments for) Other Financing Activities | $925k | $1.8m | ($2.7m) | $841k | ($738k) | ($296k) | ($62k) | ($152k) | ($938k) | — | — | |
| Net Cash Provided by (Used in) Financing Activities | ($110.5m) |
($71.4m)
+35.33%
|
$30.0m
+141.95%
|
($183.4m)
-711.91%
|
$123.0m
+167.06%
|
($121.5m)
-198.81%
|
($128.5m)
-5.75%
|
$10.5m
+108.16%
|
($22.1m)
-310.84%
|
($72.5m)
-228.29%
|
($68.9m)
+5.00%
|
|
| Net increase (decrease) in cash and cash equivalents | $78.2m | $60.6m | ($75.4m) | ($14.0m) | ($27.0m) | $14.9m | ($15.7m) | ($9.6m) | ($4.4m) | $6.1m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $60.6m | ($75.4m) | ($14.0m) | ($27.0m) | $14.9m | ($15.7m) | ($9.6m) | ($4.4m) | — | $49.2m | |
| Cash and cash equivalents, beginning of period | $32.5m | $175.9m | $100.6m | $86.6m | $59.6m | $74.5m | $58.8m | $49.2m | $44.8m | $50.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $115.3m | $175.9m | $100.6m | $86.6m | $59.6m | $74.5m | $58.8m | $49.2m | $44.8m | — | $49.2m | |
| Effect of exchange rate changes on cash balances | $0 | $0 | $1.4m | $81k | $1.2m | ($33k) | ($523k) | $22k | ($1.9m) | $2.3m | $949k | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Proceeds from Stock Options Exercised | $6.3m | — | — | — | — | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $0 | $0 | $864k | $8.3m | $19.5m | $23.3m | $14.8m | $29.6m | $40.4m | $39.1m | — | |
| Income Taxes Paid, Net | $56.5m | $77.2m | $41.7m | $39.5m | ($11.8m) | $28.4m | ($76.1m) | $17.1m | ($61.9m) | ($2.0m) | — | |
| Additional Financial Items | ||||||||||||
| Accretion Expense | $6.7m | $3.6m | — | — | — | — | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.3m) | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | $0 | $9.0m | $0 | — | — | — | — | — | |
| Goodwill | $79.7m | $25.9m | $89.5m | $113.6m | $93.7m | $93.7m | $97.1m | $123.8m | $130.4m | $130.8m | $1.5m | |
| Income Tax Expense (Benefit) | $78.9m | $59.6m | $29.8m | $25.3m | ($119.9m) | $18.5m | ($3.1m) | $11.0m | ($755k) | $7.0m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | $33.0m | — | — | — | |
| Investment Income, Interest | $2.4m | $3.3m | $3.7m | $1.6m | $338k | $69k | $225k | $822k | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $9.6m | $12.2m | — | — | — | — | — | — | |
| Income tax receivable | — | — | $0 | $0 | ($149.8m) | ($12.4m) | $118.2m | ($455k) | $44.5m | $0 | — | |
| Operating lease assets and liabilities, net | — | — | $0 | ($15.6m) | $13.7m | ($74.2m) | ($30.3m) | ($33.7m) | ($7.9m) | $934k | — | |
| Payments on revolving credit facility | — | $0 | $0 | ($433.3m) | ($466.0m) | $0 | ($1.4b) | ($1.2b) | ($1.3b) | ($938.4m) | — | |
| Proceeds from the issuance of the Term Loan | — | — | $0 | $0 | $250.0m | $0 | $0 | $135.0m | $0 | $0 | — | |
| Cash paid for treasury shares | ($50.0m) | ($9.4m) | ($47.5m) | ($141.6m) | $0 | $0 | ($147.5m) | ($102.2m) | ($68.6m) | $0 | — | |
| Other Significant Noncash Transaction, Value of Consideration Given | — | — | — | — | — | — | — | $0 | $0 | $2.7m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.