Stein Mart 2013 Annual Report Download - page 15

Download and view the complete annual report

Please find page 15 of the 2013 Stein Mart annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 52

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52


&DVKDQGFDVKHTXLYDOHQWVDW\HDUHQGZDVPLOOLRQFRPSDUHGWRPLOOLRQDW\HDUHQG2XUILQDQFLDOSRVLWLRQUHPDLQV
VWURQJDVWKHEDODQFHUHIOHFWVRXULQFUHDVHGLQYHVWPHQWLQLQYHQWRULHVFDSLWDOH[SHQGLWXUHVRIPLOOLRQDQGSD\PHQWRIWKUHH
TXDUWHUO\GLYLGHQGVSHUVKDUHWRWDOLQJPLOOLRQGXULQJ:HKDGQRGLUHFWERUURZLQJVRQRXUUHYROYLQJFUHGLWDJUHHPHQWDV
RI)HEUXDU\DQG)HEUXDU\
2XWORRN
)RUZHH[SHFWVDOHVLQFUHDVHVWROHYHUDJHDJDLQVWRXUHIILFLHQWH[SHQVHVWUXFWXUHWRFRQWLQXHGULYLQJHDUQLQJVSDUWLFXODUO\DVZHDGG
VWRUHV 
:HH[SHFWWKHIROORZLQJIDFWRUVWRLQIOXHQFHRXUEXVLQHVVLQ
• &XUUHQWSODQVDUHWRRSHQVWRUHVUHORFDWHVL[VWRUHVWREHWWHUORFDWLRQVLQWKHLUUHVSHFWLYHPDUNHWVDQGFORVHWZRVWRUHV
• 7KHJURVVSURILWUDWHLVH[SHFWHGWREHVOLJKWO\OHVVWKDQWKHUHSRUWHGUDWHRISHUFHQW
• 6HOOLQJ JHQHUDO DQG DGPLQLVWUDWLYH ³6*$´ H[SHQVHV DUH H[SHFWHG WR LQFUHDVH DSSUR[LPDWHO\ PLOOLRQ IURP WKH 
PLOOLRQUHSRUWHGLQDQGLQFOXGHWKHIROORZLQJLWHPV
o 6*$LVH[SHFWHGWREHDSSUR[LPDWHO\PLOOLRQKLJKHUDVDUHVXOWRIQHZDQGUHORFDWHGVWRUHVLQFOXGLQJKLJKHUSUH
RSHQLQJFRVWV
o 'HSUHFLDWLRQZLOOLQFUHDVHE\DSSUR[LPDWHO\PLOOLRQ
o (FRPPHUFHLVH[SHFWHGWRLQFXUDORVVRIDSSUR[LPDWHO\PLOOLRQLQ
• 7KHHIIHFWLYHWD[UDWHIRUWKH\HDULVHVWLPDWHGWREHDSSUR[LPDWHO\SHUFHQW
• &DSLWDOH[SHQGLWXUHVIRUDUHH[SHFWHGWREHDSSUR[LPDWHO\PLOOLRQLQFOXGLQJPLOOLRQIRULQIRUPDWLRQV\VWHPV
PLOOLRQIRUH[LVWLQJVWRUHVDQGPLOOLRQIRUQHZDQGUHORFDWHGVWRUHV
&KDQJHLQ$FFRXQWLQJ(VWLPDWH
'XULQJWKHIRXUWK TXDUWHURI ZHUHILQHG RXUHVWLPDWLRQRIWKH EX\LQJDQG GLVWULEXWLRQFRVWV DOORFDWHGWRLQYHQWRULHV 7KLVFKDQJH
ORZHUHGWKHSHUFHQWDJHRIH[SHQVHVDOORFDWHGWRLQYHQWRU\SXUFKDVHV7KHGHFUHDVHLQLQYHQWRULHVUHVXOWHGLQDPLOOLRQSUHWD[QRQ
FDVKFKDUJH PLOOLRQDIWHUWD[ RU SHU GLOXWHGVKDUH FRPSULVHG RI D PLOOLRQ LQFUHDVH LQ 6*$ H[SHQVHV DQG D 
PLOOLRQLQFUHDVHLQJURVVSURILW
5HVXOWVRI2SHUDWLRQV
7KHIROORZLQJWDEOHVHWVIRUWKHDFKOLQHLWHPRIWKH&RQVROLGDWHG6WDWHPHQWVRI,QFRPHH[SUHVVHGDVDSHUFHQWDJHRIQHWVDOHV
  
1HWVDOHV   
&RVWRIPHUFKDQGLVHVROG   
*URVVSURILW   
6HOOLQ
J

J
HQHUDODQGDGPLQLVWUDWLYHH[SHQVHV   
2SHUDWLQ
J
LQFRPH   
,QWHUHVWH[SHQVHQHW   
,QFRPHEHIRUHLQFRPHWD[HV   
,QFRPHWD[H[SHQVH   
1HWLQFRPH   
&RPSDUHGWR
1HW6DOHV7KHIROORZLQJWDEOHSURYLGHVQHWVDOHVIRUILVFDOFRPSDUHGWRILVFDOGROODUDPRXQWVLQWKRXVDQGV
  ,QFUHDVH
1HWVDOHV 








6DOHVSHUFHQWLQFUHDVH
7RWDOQHWVDOHV 
&RPSDUDEOHVWRUHVDOHV 
7KHFRPSDUDEOHVWRUHVDOHVLQFUHDVHZDVGULYHQE\LQFUHDVHVLQDYHUDJHXQLWVSHUWUDQVDFWLRQDQGDYHUDJHXQLWUHWDLOSULFHVSDUWLDOO\RIIVHW
E\DGHFUHDVHLQWKHQXPEHURIWUDQVDFWLRQV7KHWRWDOQHWVDOHVLQFUHDVHRILVOHVVWKDQWKHFRPSDUDEOHVWRUHVDOHVLQFUHDVHRI
DVDUHVXOWRIWKH
UG
ZHHNLQZKLFKKDGVDOHVRIPLOOLRQ