Big Lots 2015 Annual Report Download - page 6

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ϮϬ͘Ϭй
ϭϴ͘Ϭй
ϭϲ͘Ϭй
ϭϰ͘Ϭй
ϭϮ͘Ϭй
ϭϬ͘Ϭй
ϴ͘Ϭй
ϲ͘Ϭй
ϰ͘Ϭй
Ϯ͘Ϭй
Ϭ͘Ϭй
ZĞƚƵƌŶŽŶŝŶǀĞƐƚĞĚĐĂƉŝƚĂůʹ
ĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ(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
ŽŵƉĂƌĂďůĞƐƚŽƌĞƐĂůĞƐ
2015 2014 2013
1.8% 1.8%
(2.7)%
;ĂͿdŚŝƐŝƚĞŵŝƐƐŚŽǁŶĞdžĐůƵĚŝŶŐƚŚĞŝŵƉĂĐƚŽĨĐĞƌƚĂŝŶŝƚĞŵƐĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱĂŶĚϮϬϭϯ͘ƌĞĐŽŶĐŝůŝĂƟŽŶŽĨƚŚĞĚŝīĞƌĞŶĐĞďĞƚǁĞĞŶ'WĂŶĚƚŚĞŶŽŶͲ'WĮŶĂŶĐŝĂů 
 ŵĞĂƐƵƌĞƐƉƌĞƐĞŶƚĞĚŝŶƚŚŝƐƚĂďůĞĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱĂŶĚϮϬϭϯŝƐƐŚŽǁŶŽŶƚŚĞĨŽůůŽǁŝŶŐƉĂŐĞ͘
;ďͿ/ŶĐůƵĚĞƐĚĞƉƌĞĐŝĂƟŽŶĂŶĚĂŵŽƌƟnjĂƟŽŶŽĨΨϭϬϴ͕Ϭϱϰ͕ΨϭϬϱ͕ϴϰϵ͕ĂŶĚΨϭϬϮ͕ϭϵϲĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱ͕ϮϬϭϰ͕ĂŶĚϮϬϭϯ͕ƌĞƐƉĞĐƟǀĞůLJ͘
;ĐͿ/ŶĐůƵĚĞƐĐĂƉŝƚĂůĞdžƉĞŶĚŝƚƵƌĞƐŽĨΨϭϮϱ͕ϵϴϵ͕Ψϵϯ͕ϰϲϬ͕ĂŶĚΨϭϬϰ͕ϳϴϲ͕ĨŽƌĮƐĐĂůLJĞĂƌƐϮϬϭϱ͕ϮϬϭϰ͕ĂŶĚϮϬϭϯ͕ƌĞƐƉĞĐƟǀĞůLJ͘
;ĚͿĂƐŚŇŽǁŝƐĐĂůĐƵůĂƚĞĚĂƐĐĂƐŚƉƌŽǀŝĚĞĚďLJŽƉĞƌĂƟŶŐĂĐƟǀŝƟĞƐůĞƐƐĐĂƐŚƵƐĞĚŝŶŝŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ͘
;ĞͿ/Ŷ:ƵŶĞϮϬϭϰ͕ǁĞĐŽŵŵĞŶĐĞĚĂƋƵĂƌƚĞƌůLJĚŝǀŝĚĞŶĚƉƌŽŐƌĂŵĂŶĚ͕ĂƐƐƵĐŚ͕ĮƐĐĂůLJĞĂƌϮϬϭϰĐŽŶƚĂŝŶƐŽŶůLJƚŚƌĞĞƋƵĂƌƚĞƌůLJĚŝǀŝĚĞŶĚƐ͕ǁŚŝůĞĮƐĐĂůϮϬϭϱĐŽŶƚĂŝŶƐĨŽƵƌƋƵĂƌƚĞƌůLJ
 ĚŝǀŝĚĞŶĚƉĂLJŵĞŶƚƐ͘
;Ĩ ͿƵƌŝŶŐϮϬϭϱ͕ǁĞĂĚŽƉƚĞĚ^hϮϬϭϱͲϭϳƌĞůĂƚĞĚƚŽƚŚĞƉƌĞƐĞŶƚĂƟŽŶŽĨĚĞĨĞƌƌĞĚƚĂdžĞƐ͘ƐƐƵĐŚ͕ǁĞƌĞĐůĂƐƐŝĮĞĚŽƵƌĐƵƌƌĞŶƚĚĞĨĞƌƌĞĚƚĂdžĂƐƐĞƚƐƚŽŶŽŶĐƵƌƌĞŶƚĚĞĨĞƌƌĞĚ
 ŝŶĐŽŵĞƚĂdžĂƐƐĞƚƐĨŽƌĂůůĮƐĐĂůLJĞĂƌƐƉƌĞƐĞŶƚĞĚ͘
FINANCIAL
HIGHLIGHTS
;hŶĂƵĚŝƚĞĚĚũƵƐƚĞĚZĞƐƵůƚƐͿ
Fiscal Year
ĂŶĚƐĂůĞƐƉĞƌƐĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚͿ 2015 2014 2013
Earnings Data
EĞƚƐĂůĞƐ $ 5,190,582  Ψϱ͕ϭϳϳ͕Ϭϳϴ Ψϱ͕ϭϮϰ͕ϳϱϱ
EĞƚƐĂůĞƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ 0.3%  ϭ͘Ϭй ;ϭ͘ϳͿй
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
$ 151,301 Ψ ϭϯϲ͕ϲϲϭ Ψ ϭϰϭ͕ϴϳϭ
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ
(a)
10.7% ;ϯ͘ϳͿй  ;Ϯϲ͘ϴͿй
ĂƌŶŝŶŐƐĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐƉĞƌƐŚĂƌĞͲĚŝůƵƚĞĚ
(a)
$ 2.97  Ψ Ϯ͘ϰϲ Ψ Ϯ͘ϰϱ
ĂƌŶŝŶŐƐĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐƉĞƌƐŚĂƌĞͲ
ĚŝůƵƚĞĚŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ
(a)
20.7% Ϭ͘ϰй  ;Ϯϯ͘ϳͿй
ŝǀŝĚĞŶĚƐĚĞĐůĂƌĞĚƉĞƌƐŚĂƌĞ
(e)
$ 0.76 Ψ Ϭ͘ϱϭ Ψ ʹ
ǀĞƌĂŐĞĚŝůƵƚĞĚĐŽŵŵŽŶƐŚĂƌĞƐŽƵƚƐƚĂŶĚŝŶŐ;ϬϬϬΖƐͿ 50,964  ϱϱ͕ϱϱϮ  ϱϳ͕ϵϱϴ
'ƌŽƐƐŵĂƌŐŝŶͲйŽĨŶĞƚƐĂůĞƐ 39.8%  ϯϵ͘ϱй ϯϵ͘Ϯй
^ĞůůŝŶŐĂŶĚĂĚŵŝŶŝƐƚƌĂƟǀĞĞdžƉĞŶƐĞƐͲйŽĨŶĞƚƐĂůĞƐ
(a)
32.7%  ϯϮ͘ϴй ϯϮ͘ϱй
ĞƉƌĞĐŝĂƟŽŶĞdžƉĞŶƐĞͲйŽĨŶĞƚƐĂůĞƐ 2.4%  Ϯ͘ϯй Ϯ͘Ϯй
KƉĞƌĂƟŶŐƉƌŽĮƚͲйŽĨŶĞƚƐĂůĞƐ
(a)
4.8%  ϰ͘ϯй ϰ͘ϱй
EŽŶͲŽƉĞƌĂƟŶŐĞdžƉĞŶƐĞ͕ŝŶĐůƵĚŝŶŐŝŶƚĞƌĞƐƚͲйŽĨŶĞƚƐĂůĞƐ (0.2)%  ;Ϭ͘ϬͿй Ϭ͘ϭй
/ŶĐŽŵĞĨƌŽŵĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐͲйŽĨŶĞƚƐĂůĞƐ
(a)
2.9%  Ϯ͘ϲй Ϯ͘ϴй
ĂůĂŶĐĞ^ŚĞĞƚĂƚĂĂŶĚ&ŝŶĂŶĐŝĂůZĂƟŽƐ
ĂƐŚĂŶĚĐĂƐŚĞƋƵŝǀĂůĞŶƚƐ $ 54,144 Ψ ϱϮ͕Ϯϲϭ Ψ ϲϴ͕ϲϮϵ
/ŶǀĞŶƚŽƌŝĞƐ 849,982  ϴϱϭ͕ϲϲϵ  ϵϭϰ͕ϵϲϱ
WƌŽƉĞƌƚLJĂŶĚĞƋƵŝƉŵĞŶƚͲŶĞƚ 559,924  ϱϱϬ͕ϱϱϱ  ϱϲϵ͕ϲϴϮ
dŽƚĂůĂƐƐĞƚƐ 1,640,370  ϭ͕ϲϯϱ͕ϴϵϭ  ϭ͕ϳϯϵ͕ϱϵϵ
ŽƌƌŽǁŝŶŐƐƵŶĚĞƌďĂŶŬĐƌĞĚŝƚĨĂĐŝůŝƚLJ 62,300  ϲϮ͕ϭϬϬ  ϳϳ͕ϬϬϬ
^ŚĂƌĞŚŽůĚĞƌƐ͛ĞƋƵŝƚLJ  720,470  ϳϴϵ͕ϱϱϬ ϵϬϭ͕ϰϮϳ
tŽƌŬŝŶŐĐĂƉŝƚĂů
(f)
$ 315,984 Ψ ϰϭϭ͕ϰϰϲ Ψ ϰϴϯ͕ϴϯϯ
ƵƌƌĞŶƚƌĂƟŽ
(f)
1.5   ϭ͘ϳ ϭ͘ϴ
/ŶǀĞŶƚŽƌLJƚƵƌŶŽǀĞƌ 3.5   ϯ͘ϱ ϯ͘ϯ
ĂŶŬďŽƌƌŽǁŝŶŐƐƚŽƚŽƚĂůĐĂƉŝƚĂůŝnjĂƟŽŶ 8.0%  ϳ͘ϯй ϳ͘ϵй
ZĞƚƵƌŶŽŶĂƐƐĞƚƐͲĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
9.2%  ϴ͘ϭй ϴ͘ϭй
ZĞƚƵƌŶŽŶŝŶǀĞƐƚĞĚĐĂƉŝƚĂůͲĐŽŶƟŶƵŝŶŐŽƉĞƌĂƟŽŶƐ
(a)
18.5%  ϭϰ͘ϵй ϭϰ͘ϵй
ĂƐŚ&ůŽǁĂƚĂ
ĂƐŚƉƌŽǀŝĚĞĚďLJŽƉĞƌĂƟŶŐĂĐƟǀŝƟĞƐ
;ďͿ
$ 342,352 Ψ ϯϭϴ͕ϱϲϮ Ψ ϭϵϴ͕ϯϯϰ
ĂƐŚƵƐĞĚŝŶŝŶǀĞƐƟŶŐĂĐƟǀŝƟĞƐ
(c)
(113,193)  ;ϵϬ͕ϳϰϵͿ  ;ϵϳ͕ϰϵϱͿ
ĂƐŚŇŽǁ
(d)
229,159  ϮϮϳ͕ϴϭϯ  ϭϬϬ͕ϴϯϵ
Cash paid for dividends
(e)
(38,530)  ;Ϯϳ͕ϴϮϴͿ ʹ
ĂƐŚƵƐĞĚŝŶƐŚĂƌĞƌĞƉƵƌĐŚĂƐĞƉƌŽŐƌĂŵƐ $ (200,000) Ψ ;ϮϱϬ͕ϬϬϬͿ Ψ ʹ
Store Data
^ƚŽƌĞƐŽƉĞŶĂƚĞŶĚŽĨƚŚĞĮƐĐĂůLJĞĂƌ 1,449   ϭ͕ϰϲϬ ϭ͕ϰϵϯ
ŽŵƉĂƌĂďůĞƐƚŽƌĞƐĂůĞƐŝŶĐƌĞĂƐĞ;ĚĞĐƌĞĂƐĞͿ 1.8%  ϭ͘ϴй ;Ϯ͘ϳͿй
Average sales per store $ 3,569  Ψ ϯ͕ϱϬϲ Ψ ϯ͕ϰϯϬ
'ƌŽƐƐƐƋƵĂƌĞĨŽŽƚĂŐĞ;ϬϬϬΖƐͿ 44,914   ϰϱ͕ϭϯϰ ϰϱ͕ϳϬϴ
^ĞůůŝŶŐƐƋƵĂƌĞĨŽŽƚĂŐĞ;ϬϬϬΖƐͿ 31,775  ϯϮ͕ϬϬϲ  ϯϮ͕ϳϯϮ
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;ΨŝŶƚŚŽƵƐĂŶĚƐ͕ĞdžĐĞƉƚƉĞƌƐŚĂƌĞĂŵŽƵŶƚƐ