Big Lots 2015 Annual Report Download - page 6
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ϭϴ͘Ϭй
ϭϲ͘Ϭй
ϭϰ͘Ϭй
ϭϮ͘Ϭй
ϭϬ͘Ϭй
ϴ͘Ϭй
ϲ͘Ϭй
ϰ͘Ϭй
Ϯ͘Ϭй
Ϭ͘Ϭй
ZĞƚƵƌŶŽŶŝŶǀĞƐƚĞĚĐĂƉŝƚĂůʹ
ĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ(a)
2015 2014 2013
18.5%
14.9% 14.9%
ΨϮϱϬ͕ϬϬϬ
ΨϮϯϬ͕ϬϬϬ
ΨϮϭϬ͕ϬϬϬ
ΨϭϵϬ͕ϬϬϬ
ΨϭϳϬ͕ϬϬϬ
ΨϭϱϬ͕ϬϬϬ
ΨϭϯϬ͕ϬϬϬ
ΨϭϭϬ͕ϬϬϬ
Ψ ϵϬ͕ϬϬϬ
Ψ ϳϬ͕ϬϬϬ
Ψ ϱϬ͕ϬϬϬ
ĂƐŚ&ůŽǁ(d)
2015 2014 2013
$229,159 $227,813
$100,839
Ϯ͘ϱй
Ϯ͘Ϭй
ϭ͘ϱй
ϭ͘Ϭй
Ϭ͘ϱй
Ϭ͘Ϭй
;Ϭ͘ϱͿй
;ϭ͘ϬͿй
;ϭ͘ϱͿй
;Ϯ͘ϬͿй
;Ϯ͘ϱͿй
;ϯ͘ϬͿй
ŽŵƉĂƌĂďůĞƐƚŽƌĞƐĂůĞƐ
2015 2014 2013
1.8% 1.8%
(2.7)%
;ĂͿdŚŝƐŝƚĞŵŝƐƐŚŽǁŶĞdžĐůƵĚŝŶŐƚŚĞŝŵƉĂĐƚŽĨĐĞƌƚĂŝŶŝƚĞŵƐĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱĂŶĚϮϬϭϯ͘ƌĞĐŽŶĐŝůŝĂƟŽŶŽĨƚŚĞĚŝīĞƌĞŶĐĞďĞƚǁĞĞŶ'WĂŶĚƚŚĞŶŽŶͲ'WĮŶĂŶĐŝĂů
ŵĞĂƐƵƌĞƐƉƌĞƐĞŶƚĞĚŝŶƚŚŝƐƚĂďůĞĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱĂŶĚϮϬϭϯŝƐƐŚŽǁŶŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞ͘
;ďͿ/ŶĐůƵĚĞƐĚĞƉƌĞĐŝĂƟŽŶĂŶĚĂŵŽƌƟnjĂƟŽŶŽĨΨϭϬϴ͕Ϭϱϰ͕ΨϭϬϱ͕ϴϰϵ͕ĂŶĚΨϭϬϮ͕ϭϵϲĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱ͕ϮϬϭϰ͕ĂŶĚϮϬϭϯ͕ƌĞƐƉĞĐƟǀĞůLJ͘
;ĐͿ/ŶĐůƵĚĞƐĐĂƉŝƚĂůĞdžƉĞŶĚŝƚƵƌĞƐŽĨΨϭϮϱ͕ϵϴϵ͕Ψϵϯ͕ϰϲϬ͕ĂŶĚΨϭϬϰ͕ϳϴϲ͕ĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱ͕ϮϬϭϰ͕ĂŶĚϮϬϭϯ͕ƌĞƐƉĞĐƟǀĞůLJ͘
;ĚͿĂƐŚŇŽǁŝƐĐĂůĐƵůĂƚĞĚĂƐĐĂƐŚƉƌŽǀŝĚĞĚďLJŽƉĞƌĂƟŶŐĂĐƟǀŝƟĞƐůĞƐƐĐĂƐŚƵƐĞĚŝŶŝŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ͘
;ĞͿ/Ŷ:ƵŶĞϮϬϭϰ͕ǁĞĐŽŵŵĞŶĐĞĚĂƋƵĂƌƚĞƌůLJĚŝǀŝĚĞŶĚƉƌŽŐƌĂŵĂŶĚ͕ĂƐƐƵĐŚ͕ĮƐĐĂůLJĞĂƌϮϬϭϰĐŽŶƚĂŝŶƐŽŶůLJƚŚƌĞĞƋƵĂƌƚĞƌůLJĚŝǀŝĚĞŶĚƐ͕ǁŚŝůĞĮƐĐĂůϮϬϭϱĐŽŶƚĂŝŶƐĨŽƵƌƋƵĂƌƚĞƌůLJ
ĚŝǀŝĚĞŶĚƉĂLJŵĞŶƚƐ͘
;Ĩ ͿƵƌŝŶŐϮϬϭϱ͕ǁĞĂĚŽƉƚĞĚ^hϮϬϭϱͲϭϳƌĞůĂƚĞĚƚŽƚŚĞƉƌĞƐĞŶƚĂƟŽŶŽĨĚĞĨĞƌƌĞĚƚĂdžĞƐ͘ƐƐƵĐŚ͕ǁĞƌĞĐůĂƐƐŝĮĞĚŽƵƌĐƵƌƌĞŶƚĚĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐƚŽŶŽŶĐƵƌƌĞŶƚĚĞĨĞƌƌĞĚ
ŝŶĐŽŵĞƚĂdžĂƐƐĞƚƐĨŽƌĂůůĮƐĐĂůLJĞĂƌƐƉƌĞƐĞŶƚĞĚ͘
FINANCIAL
HIGHLIGHTS
;hŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐͿ
Fiscal Year
ĂŶĚƐĂůĞƐƉĞƌƐĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚͿ 2015 2014 2013
Earnings Data
EĞƚƐĂůĞƐ $ 5,190,582 Ψϱ͕ϭϳϳ͕Ϭϳϴ Ψϱ͕ϭϮϰ͕ϳϱϱ
EĞƚƐĂůĞƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ 0.3% ϭ͘Ϭй ;ϭ͘ϳͿй
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
$ 151,301 Ψ ϭϯϲ͕ϲϲϭ Ψ ϭϰϭ͕ϴϳϭ
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ
(a)
10.7% ;ϯ͘ϳͿй ;Ϯϲ͘ϴͿй
ĂƌŶŝŶŐƐĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐƉĞƌƐŚĂƌĞͲĚŝůƵƚĞĚ
(a)
$ 2.97 Ψ Ϯ͘ϰϲ Ψ Ϯ͘ϰϱ
ĂƌŶŝŶŐƐĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐƉĞƌƐŚĂƌĞͲ
ĚŝůƵƚĞĚŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ
(a)
20.7% Ϭ͘ϰй ;Ϯϯ͘ϳͿй
ŝǀŝĚĞŶĚƐĚĞĐůĂƌĞĚƉĞƌƐŚĂƌĞ
(e)
$ 0.76 Ψ Ϭ͘ϱϭ Ψ ʹ
ǀĞƌĂŐĞĚŝůƵƚĞĚĐŽŵŵŽŶƐŚĂƌĞƐŽƵƚƐƚĂŶĚŝŶŐ;ϬϬϬΖƐͿ 50,964 ϱϱ͕ϱϱϮ ϱϳ͕ϵϱϴ
'ƌŽƐƐŵĂƌŐŝŶͲйŽĨŶĞƚƐĂůĞƐ 39.8% ϯϵ͘ϱй ϯϵ͘Ϯй
^ĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐͲйŽĨŶĞƚƐĂůĞƐ
(a)
32.7% ϯϮ͘ϴй ϯϮ͘ϱй
ĞƉƌĞĐŝĂƟŽŶĞdžƉĞŶƐĞͲйŽĨŶĞƚƐĂůĞƐ 2.4% Ϯ͘ϯй Ϯ͘Ϯй
KƉĞƌĂƟŶŐƉƌŽĮƚͲйŽĨŶĞƚƐĂůĞƐ
(a)
4.8% ϰ͘ϯй ϰ͘ϱй
EŽŶͲŽƉĞƌĂƟŶŐĞdžƉĞŶƐĞ͕ŝŶĐůƵĚŝŶŐŝŶƚĞƌĞƐƚͲйŽĨŶĞƚƐĂůĞƐ (0.2)% ;Ϭ͘ϬͿй Ϭ͘ϭй
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐͲйŽĨŶĞƚƐĂůĞƐ
(a)
2.9% Ϯ͘ϲй Ϯ͘ϴй
ĂůĂŶĐĞ^ŚĞĞƚĂƚĂĂŶĚ&ŝŶĂŶĐŝĂůZĂƟŽƐ
ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ $ 54,144 Ψ ϱϮ͕Ϯϲϭ Ψ ϲϴ͕ϲϮϵ
/ŶǀĞŶƚŽƌŝĞƐ 849,982 ϴϱϭ͕ϲϲϵ ϵϭϰ͕ϵϲϱ
WƌŽƉĞƌƚLJĂŶĚĞƋƵŝƉŵĞŶƚͲŶĞƚ 559,924 ϱϱϬ͕ϱϱϱ ϱϲϵ͕ϲϴϮ
dŽƚĂůĂƐƐĞƚƐ 1,640,370 ϭ͕ϲϯϱ͕ϴϵϭ ϭ͕ϳϯϵ͕ϱϵϵ
ŽƌƌŽǁŝŶŐƐƵŶĚĞƌďĂŶŬĐƌĞĚŝƚĨĂĐŝůŝƚLJ 62,300 ϲϮ͕ϭϬϬ ϳϳ͕ϬϬϬ
^ŚĂƌĞŚŽůĚĞƌƐ͛ĞƋƵŝƚLJ 720,470 ϳϴϵ͕ϱϱϬ ϵϬϭ͕ϰϮϳ
tŽƌŬŝŶŐĐĂƉŝƚĂů
(f)
$ 315,984 Ψ ϰϭϭ͕ϰϰϲ Ψ ϰϴϯ͕ϴϯϯ
ƵƌƌĞŶƚƌĂƟŽ
(f)
1.5 ϭ͘ϳ ϭ͘ϴ
/ŶǀĞŶƚŽƌLJƚƵƌŶŽǀĞƌ 3.5 ϯ͘ϱ ϯ͘ϯ
ĂŶŬďŽƌƌŽǁŝŶŐƐƚŽƚŽƚĂůĐĂƉŝƚĂůŝnjĂƟŽŶ 8.0% ϳ͘ϯй ϳ͘ϵй
ZĞƚƵƌŶŽŶĂƐƐĞƚƐͲĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
9.2% ϴ͘ϭй ϴ͘ϭй
ZĞƚƵƌŶŽŶŝŶǀĞƐƚĞĚĐĂƉŝƚĂůͲĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
18.5% ϭϰ͘ϵй ϭϰ͘ϵй
ĂƐŚ&ůŽǁĂƚĂ
ĂƐŚƉƌŽǀŝĚĞĚďLJŽƉĞƌĂƟŶŐĂĐƟǀŝƟĞƐ
;ďͿ
$ 342,352 Ψ ϯϭϴ͕ϱϲϮ Ψ ϭϵϴ͕ϯϯϰ
ĂƐŚƵƐĞĚŝŶŝŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ
(c)
(113,193) ;ϵϬ͕ϳϰϵͿ ;ϵϳ͕ϰϵϱͿ
ĂƐŚŇŽǁ
(d)
229,159 ϮϮϳ͕ϴϭϯ ϭϬϬ͕ϴϯϵ
Cash paid for dividends
(e)
(38,530) ;Ϯϳ͕ϴϮϴͿ ʹ
ĂƐŚƵƐĞĚŝŶƐŚĂƌĞƌĞƉƵƌĐŚĂƐĞƉƌŽŐƌĂŵƐ $ (200,000) Ψ ;ϮϱϬ͕ϬϬϬͿ Ψ ʹ
Store Data
^ƚŽƌĞƐŽƉĞŶĂƚĞŶĚŽĨƚŚĞĮƐĐĂůLJĞĂƌ 1,449 ϭ͕ϰϲϬ ϭ͕ϰϵϯ
ŽŵƉĂƌĂďůĞƐƚŽƌĞƐĂůĞƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ 1.8% ϭ͘ϴй ;Ϯ͘ϳͿй
Average sales per store $ 3,569 Ψ ϯ͕ϱϬϲ Ψ ϯ͕ϰϯϬ
'ƌŽƐƐƐƋƵĂƌĞĨŽŽƚĂŐĞ;ϬϬϬΖƐͿ 44,914 ϰϱ͕ϭϯϰ ϰϱ͕ϳϬϴ
^ĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞ;ϬϬϬΖƐͿ 31,775 ϯϮ͕ϬϬϲ ϯϮ͕ϳϯϮ
;ĞĐƌĞĂƐĞͿŝŶĐƌĞĂƐĞŝŶƐĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞ (0.7)% ;Ϯ͘ϮͿй Ϭ͘ϯй
ǀĞƌĂŐĞƐĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞƉĞƌƐƚŽƌĞ 21,929 Ϯϭ͕ϵϮϮ Ϯϭ͕ϵϮϰ
;ΨŝŶƚŚŽƵƐĂŶĚƐ͕ĞdžĐĞƉƚƉĞƌƐŚĂƌĞĂŵŽƵŶƚƐ