Summary - Funding Rounds

Founding Date

1977
HSN is a subsidiary of Qurate Retail Group

HSN Revenue Breakdown

Embed Graph

HSN revenue breakdown by business segment: 41.0% from Home, 22.0% from Electronics, 13.0% from Beauty, 9.0% from Accessories, 8.0% from Jewelry and 7.0% from Apparel

HSN Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

3.4b3.6b3.7b3.6b2.3b

Revenue growth, %

5%3%(3%)(34%)

Cost of goods sold

2.2b2.3b2.4b2.4b1.5b

Gross profit

1.2b1.3b1.3b1.2b810.0m

Gross profit Margin, %

36%35%36%34%35%

Sales and marketing expense

695.8m745.9m743.5m

General and administrative expense

210.8m241.3m193.4m590.0m

Operating expense total

947.2m1.0b1.0b590.0m

Depreciation and amortization

40.6m43.4m42.7m31.0m

EBITDA

220.0m

EBITDA margin, %

9%

EBIT

282.7m284.6m284.0m205.8m103.0m

EBIT margin, %

8%8%8%6%4%

Interest expense

6.7m7.3m15.3m16.2m

Interest income

205.0k184.0k136.0k95.0k

Pre tax profit

276.1m277.5m268.9m189.7m

Income tax expense

(97.7m)104.5m(99.6m)(71.0m)

Net Income

178.4m173.0m169.2m118.7m

Quarterly

HSN Balance Sheet

Annual

usdY, 2009Y, 2011Y, 2012Y, 2013FY, 2013Y, 2014Y, 2015FY, 2015FY, 2016

Cash

354.3m381.8m222.1m196.4m196.4m160.0m63.9m63.9m42.7m

Accounts Receivable

Inventories

327.3m327.3m398.7m428.0m428.0m391.1m

Current Assets

867.3m867.3m953.9m843.9m843.9m813.0m

PP&E

178.7m178.7m193.9m211.8m211.8m211.1m

Goodwill

9.9m9.9m9.9m9.9m9.9m9.9m

Total Assets

1.3b1.3b1.4b1.3b1.3b1.3b

Accounts Payable

3.0b

Short-term debt

12.5m25.0m

Current Liabilities

476.1m476.1m513.5m514.7m514.7m544.1m

Long-term debt

Total Debt

12.5m25.0m

Total Liabilities

808.8m1.2b1.1b

Additional Paid-in Capital

1.8b1.8b1.7b1.1b1.1b1.0b

Retained Earnings

(1.3b)(1.3b)(1.1b)(939.7m)(939.7m)(820.9m)

Total Equity

146.6m146.6m195.5m

Financial Leverage

9.2 x9.2 x6.7 x

HSN Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

178.4m173.0m169.2m118.7m

Depreciation and Amortization

40.6m43.9m43.4m42.7m

Accounts Receivable

(38.2m)(77.0m)(22.8m)(51.7m)

Inventories

3.6m(71.0m)(29.3m)7.6m

Cash From Operating Activities

(25.7m)(36.4m)203.5m236.5m

Long-term Borrowings

(9.4m)(12.5m)(228.1m)(25.0m)

Dividends Paid

(42.3m)(57.8m)(597.9m)(73.2m)

Free Cash Flow

(77.6m)142.8m194.8m
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HSN Operating Metrics

FY, 2014Q1, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Brands

8 8 6

Catalogs Circulated

325 m82.80 m331 m83.70 m85.90 m73.20 m300 m66.10 m70.10 m

Homes Reached (HSN)

95 m93.70 m91.40 m

Homes Reached (HSN2)

34.20 m49.80 m47.50 m

Stores

11 12 14 14 11 17 16 17 16

Units Shipped

63.60 m15.20 m15.10 m64.30 m15 m14.20 m14.90 m63.10 m13.80 m14.20 m
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