Summary - Funding Rounds

Founding Date

1982
Finish Line is a subsidiary of JD Sports Fashion

Finish Line Financials

Finish Line Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

1.7 b1.8 b1.9 b1.8 b1.8 b

Revenue growth, %

9%4%(2%)

Cost of goods sold

384 m1.3 b1.3 b

Gross profit

1.5 b548.4 m532.1 m

Gross profit Margin, %

80%30%29%

General and administrative expense

480.9 m486.5 m

Operating expense total

480.9 m486.5 m

EBIT

120.1 m120.4 m30.6 m54.2 m8.9 m

EBIT margin, %

7%7%2%3%0%

Interest expense

279 k

Pre tax profit

3.5 m53.9 m9 m

Income tax expense

(567 k)18.8 m(5.7 m)

Net Income

75.1 m79.7 m21.8 m(18.2 m)14.4 m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

364.5 m406.5 m466.9 m395.8 m443.4 m483.2 m382.1 m453.5 m509.4 m371.7 m429.8 m469.4 m378.5 m

Cost of goods sold

256.6 m277.7 m311.8 m284.1 m304.4 m323.9 m293.6 m313.7 m349.9 m272.4 m302.3 m339 m281.1 m

Gross profit

107.8 m128.9 m155.1 m111.8 m139 m159.2 m88.5 m139.8 m159.5 m99.4 m127.4 m130.3 m97.4 m

Gross profit Margin, %

30%32%33%28%31%33%23%31%31%27%30%28%26%

General and administrative expense

104.1 m108.9 m111.9 m114.9 m116.5 m117.6 m125 m124.9 m124.2 m118.1 m112.4 m121.8 m114.7 m

Operating expense total

104.1 m108.9 m111.9 m114.9 m116.5 m117.6 m125 m124.9 m124.2 m118.1 m112.4 m121.8 m114.7 m

EBIT

2.7 m17.7 m42.9 m(3.6 m)22.4 m41.4 m(36.7 m)14.9 m34.9 m(18.8 m)12.9 m6.2 m(21.6 m)

EBIT margin, %

1%4%9%(1%)5%9%(10%)3%7%(5%)3%1%(6%)

Interest expense

1 k6 k152 k10 k7 k

Interest income

1 k6 k10 k7 k

Pre tax profit

2.8 m17.7 m42.9 m(3.6 m)22.3 m41.4 m(36.7 m)14.9 m34.9 m(18.9 m)12.9 m6.2 m(21.6 m)

Income tax expense

1.2 m7 m16.7 m(6.1 m)8.6 m15.6 m(14.9 m)5.3 m12.8 m(8.3 m)4.9 m2.9 m(8.6 m)

Net Income

1.6 m10.7 m26.2 m2.5 m13.7 m25.9 m(21.8 m)9.6 m22.1 m(40.4 m)8.1 m2.8 m(12.9 m)

Finish Line Balance Sheet

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

229.1 m149.6 m79.5 m90.9 m93.4 m

Accounts Receivable

16.1 m16.7 m18.2 m20.5 m16.5 m

Inventories

Current Assets

567 m530.7 m521.4 m491.4 m462.1 m

PP&E

138.6 m

Goodwill

25.6 m34.7 m44 m

Total Assets

824.9 m849.9 m817.5 m746.5 m675 m

Accounts Payable

121 m133.1 m157.7 m166.6 m122.6 m

Short-term debt

Current Liabilities

193.7 m197.5 m221.2 m

Long-term debt

Common Stock

601 k

Additional Paid-in Capital

224.6 m227 m237.1 m245.3 m249.2 m

Retained Earnings

567.6 m633.9 m639.3 m604.1 m600.4 m

Total Equity

527.6 m451.5 m451 m

Financial Leverage

1.5 x1.7 x1.5 x

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

111.9 m196.6 m190.6 m85.4 m82.2 m100.2 m55.3 m85.4 m114.3 m33.3 m76 m114.9 m77.2 m

Accounts Receivable

12.3 m16.8 m15.3 m14.3 m16.2 m17.6 m19.6 m17 m20.3 m23.5 m18.1 m14.6 m18.9 m

Current Assets

522.2 m518.1 m547.6 m528.4 m439.9 m510.8 m545 m473.8 m522.8 m514.4 m478.2 m469 m511.3 m

PP&E

213.2 m

Goodwill

24 m29.5 m29.5 m32.9 m44.2 m44.5 m44 m44 m44 m

Total Assets

773.6 m784.7 m832.8 m826.6 m769.3 m842.8 m879.8 m767.9 m825.3 m728.8 m714 m751.7 m

Accounts Payable

122.1 m105.8 m127.6 m145.6 m79.6 m122.3 m191.8 m133.1 m179 m178.8 m168.1 m147.1 m193.1 m

Current Liabilities

180.8 m162.4 m186.3 m209 m135.6 m188.4 m257.9 m187.9 m245.6 m262.6 m207.2 m195.2 m243.2 m

Additional Paid-in Capital

221.9 m220.2 m222.9 m225.4 m228.8 m230.4 m232.7 m239.4 m242 m221 m246.5 m247.6 m247.7 m

Retained Earnings

528.5 m576.2 m598.5 m597.3 m643.5 m665.4 m639.6 m644.6 m662.6 m639.1 m607.8 m606.2 m588.7 m

Total Equity

570.2 m590.7 m557.6 m514.5 m515.2 m465.7 m453.1 m453.6 m437.4 m

Financial Leverage

1.3 x1.4 x1.6 x1.5 x1.6 x1.6 x1.6 x1.7 x

Finish Line Cash Flow

Annual

USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

75.1 m79.7 m21.8 m(18.2 m)14.4 m

Depreciation and Amortization

35 m38.5 m43.9 m49.4 m52.9 m

Accounts Receivable

(1.2 m)(281 k)(1.6 m)(4 m)3.9 m

Inventories

Accounts Payable

43.3 m6.6 m31.8 m15.6 m(40.4 m)

Cash From Operating Activities

119 m101.8 m99.4 m164.5 m77.7 m

Cash From Investing Activities

(91.2 m)(101.1 m)(74.4 m)(84.2 m)(52 m)

Dividends Paid

(13.7 m)(15.4 m)(16.4 m)(16.7 m)(18 m)

Cash From Financing Activities

(25.7 m)(80.2 m)(95.1 m)(69 m)(23.3 m)

Free Cash Flow

200.7 m189.9 m165.5 m89.8 m39.6 m

Quarterly

USDQ3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

32.3 m10.7 m36.8 m39.3 m13.7 m39.6 m17.8 m9.6 m31.7 m(8.7 m)8.1 m11 m

Depreciation and Amortization

26.5 m9.6 m19.4 m28.4 m10.1 m20.4 m31.4 m11.5 m23.6 m35.1 m13.3 m26.8 m

Accounts Receivable

2.5 m(769 k)1.1 m2 m441 k(912 k)(2.9 m)1.2 m(2.1 m)(7 m)2.4 m5.8 m

Accounts Payable

49.3 m(12 m)5.4 m24.3 m(46.3 m)(1.2 m)69 m(19.7 m)25.6 m31.8 m3.6 m(14.5 m)

Cash From Operating Activities

(19.7 m)15.2 m38.8 m(8.3 m)(4.7 m)37.2 m21.4 m46.2 m119.3 m57.2 m9.2 m65.3 m

Cash From Investing Activities

(77.2 m)(25.3 m)(49.4 m)(74.4 m)(27.1 m)(43.3 m)(58.9 m)(14.5 m)(34.8 m)(59 m)(14.1 m)(27.2 m)

Dividends Paid

(10.2 m)(3.9 m)(7.8 m)(11.6 m)(4.2 m)(8.3 m)(12.4 m)(4.3 m)(8.5 m)(12.6 m)(4.5 m)(9 m)

Cash From Financing Activities

(18.1 m)(22.5 m)(27.9 m)(61 m)(35.5 m)(43.3 m)(56.8 m)(25.8 m)(49.7 m)(44.5 m)(10 m)(14.1 m)

Free Cash Flow

(85.3 m)(5.4 m)(5.2 m)(72.5 m)(23.6 m)2.2 m(29.2 m)31.3 m84.2 m(1.4 m)(4.9 m)45.2 m
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Finish Line Operating Metrics

FY, 2015FY, 2016FY, 2017

Stores (U.S.)

634 1.05 k947
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