Kate Spade Revenue

Kate Spade revenue was $1.38 b in FY, 2016 which is a 11.2% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1994
Kate Spade is a subsidiary of Tapestry

Kate Spade Income Statement

Annual

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

Revenue

1.3b1.1b1.2b1.4b

Revenue growth, %

(10%)9%11%

Cost of goods sold

539.4m458.3m458.3m554.6m

Gross profit

725.6m680.3m784.4m826.9m

Gross profit Margin, %

57%60%63%60%

EBIT

(45.5m)33.5m66.4m183.6m

EBIT margin, %

(4%)3%5%13%

Interest expense

47.2m20.2m19.2m19.7m

Pre tax profit

70.9m(7.7m)26.2m155.6m

Income tax expense

(3.0m)(84.4m)4.5m4.1m

Net Income

73.0m159.2m17.1m153.6m

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q3, 2015Q1, 2016Q2, 2015Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

328.1m266.0m250.4m277.3m255.3m281.1m274.4m319.7m316.5m271.2m

Cost of goods sold

146.6m110.1m93.1m107.5m100.6m109.6m104.9m129.0m128.6m99.8m

Gross profit

181.5m155.9m157.3m169.8m154.7m171.5m169.5m190.7m187.9m171.5m

Gross profit Margin, %

55%59%63%61%61%61%62%60%59%63%

EBIT

(43.1m)9.9m3.5m12.3m(37.1m)17.5m17.7m34.1m37.1m6.9m

EBIT margin, %

(13%)4%1%4%(15%)6%6%11%12%3%

Interest expense

9.5m6.5m2.2m5.3m3.4m5.3m5.0m4.9m4.9m4.5m

Pre tax profit

(52.9m)(13.2m)(447.0k)5.5m(51.8m)10.4m12.5m26.0m29.4m2.9m

Income tax expense

1.8m764.0k(3.1m)973.0k1.8m1.1m1.6m1.5m(56.0k)1.8m

Net Income

46.2m(4.4m)(9.1m)2.3m(55.2m)8.5m11.6m26.8m29.6m1.4m

Kate Spade Balance Sheet

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

179.9m59.4m130.2m184.0m184.0m478.5m

Accounts Receivable

119.6m121.6m89.6m77.5m

Prepaid Expenses

58.8m49.5m45.0m34.0m

Inventories

193.3m220.5m184.6m167.5m

Current Assets

551.7m452.3m651.7m474.5m621.7m757.5m

PP&E

238.7m220.0m149.1m174.1m174.0m167.2m

Goodwill

60.2m49.1m64.8m48.7m50.0m

Total Assets

950.0m902.5m977.5m926.3m980.4m1.1b

Accounts Payable

144.1m174.7m142.7m88.4m109.3m93.1m

Short-term debt

4.5m4.3m3.4m10.5m4.5m3.7m

Current Liabilities

427.0m415.8m445.2m252.8m267.2m224.4m

Long-term debt

381.6m383.7m390.8m400.3m397.0m389.7m

Total Debt

386.0m388.0m394.2m410.7m401.6m393.4m

Common Stock

176.4m176.4m176.4m176.4m

Additional Paid-in Capital

302.3m147.0m156.0m199.1m224.7m251.8m

Retained Earnings

1.2b1.1b1.0b1.1b1.2b1.3b

Total Equity

(109.0m)(126.9m)(32.5m)199.6m245.2m429.9m

Debt to Equity Ratio

-12.1 x2.1 x1.6 x0.9 x

Debt to Assets Ratio

0.4 x0.4 x0.4 x0.4 x

Financial Leverage

-8.7 x-7.1 x-30.1 x4.6 x4 x2.6 x

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q3, 2014Q2, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

26.7m11.8m79.7m173.0m31.2m7.4m9.2m6.8m128.5m123.3m177.1m219.7m212.6m231.4m260.6m306.5m308.1m422.3m

Accounts Receivable

175.9m149.6m92.4m111.2m126.7m102.5m91.4m121.8m87.1m71.8m68.6m64.4m69.7m64.3m

Prepaid Expenses

93.4m59.6m59.1m51.1m47.9m50.8m52.9m58.8m53.9m39.3m31.8m33.2m36.6m36.9m

Inventories

315.1m255.8m176.7m187.9m245.6m220.0m238.4m310.6m210.1m220.7m178.2m248.4m182.5m188.4m220.7m217.4m262.6m215.1m

Current Assets

615.3m704.5m408.1m523.4m451.5m382.2m392.6m499.0m491.0m446.8m467.0m563.4m508.4m522.2m583.7m624.6m677.0m738.6m

PP&E

362.5m254.6m229.7m209.4m224.6m220.7m236.2m244.5m155.8m176.4m165.6m177.3m168.0m171.3m175.3m178.0m179.3m159.4m

Goodwill

1.5m1.6m54.7m52.1m52.7m71.9m68.9m72.5m48.8m49.4m47.8m52.3m56.3m56.7m52.2m

Total Assets

1.2b1.1b796.8m900.5m843.4m826.3m846.2m957.0m936.6m905.6m922.1m922.3m861.9m871.9m951.9m997.1m1.1b1.1b

Accounts Payable

204.2m154.7m113.5m143.8m168.8m146.7m158.2m217.8m118.6m111.6m94.0m132.2m96.7m101.7m99.8m105.9m120.6m93.4m

Short-term debt

4.5m20.8m4.7m47.3m90.0m137.4m5.3m7.4m6.4m4.5m12.5m4.5m3.6m3.6m3.6m3.7m

Current Liabilities

668.0m801.8m398.4m392.5m418.0m399.9m457.2m565.9m306.4m271.2m275.4m283.7m239.7m241.1m222.2m227.3m243.7m201.9m

Long-term debt

548.0m521.7m331.9m453.4m384.8m383.3m391.7m391.3m390.3m401.4m402.4m397.1m399.2m398.2m391.3m390.5m390.6m388.9m

Total Debt

548.0m521.7m336.5m474.2m389.5m430.6m481.7m528.7m395.6m408.8m408.8m401.6m411.7m402.7m395.0m394.1m394.2m392.6m

Common Stock

176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m176.4m

Additional Paid-in Capital

337.7m338.5m291.6m145.6m147.1m148.4m149.9m151.6m181.5m193.6m187.9m218.5m205.1m211.9m232.6m240.8m246.9m258.0m

Retained Earnings

1.2b1.0b1.2b1.1b1.1b950.0m905.0m838.0m1.0b1.0b1.0b1.1b1.1b1.1b1.2b1.2b1.2b1.3b

Total Equity

(211.1m)(420.0m)(161.9m)(175.5m)(192.2m)(170.2m)(213.7m)(220.7m)66.3m70.2m77.5m173.4m151.0m164.0m267.5m307.2m345.1m436.3m

Debt to Equity Ratio

-2.4 x6 x5.3 x1.5 x1.3 x1.1 x0.9 x

Debt to Assets Ratio

0.6 x0.4 x0.4 x0.4 x0.4 x0.4 x0.4 x

Financial Leverage

-5.9 x-2.7 x-4.9 x-5.1 x-4.4 x-4.9 x-4 x-4.3 x14.1 x12.9 x11.9 x5.3 x5.7 x5.3 x3.6 x3.2 x3 x2.5 x

Kate Spade Cash Flow

Annual

USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(171.7m)(74.5m)73.0m159.2m17.1m153.6m

Depreciation and Amortization

86.0m74.4m59.9m54.4m49.9m49.3m

Accounts Receivable

44.5m2.9m236.0k19.8m

Inventories

25.5m(12.5m)(37.6m)24.9m

Accounts Payable

8.2m31.3m20.7m(9.7m)23.9m(18.1m)

Cash From Operating Activities

(17.0m)11.4m(24.0m)14.4m105.6m244.9m

Purchases of PP&E

(73.7m)(82.8m)(78.1m)(93.6m)(55.1m)(46.3m)

Cash From Investing Activities

308.0m(131.1m)94.1m3.2m19.3m(59.2m)

Long-term Borrowings

(309.2m)(158.0m)(652.4m)(4.5m)

Cash From Financing Activities

(128.0m)1.1m6.1m40.6m(8.5m)(3.2m)

Net Change in Cash

157.2m(120.5m)71.0m180.7m

Interest Paid

38.7m

Income Taxes Paid

1.1m

Quarterly

USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q3, 2014Q2, 2014Q3, 2015Q1, 2016Q2, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(186.2m)(400.9m)(60.6m)(112.7m)(131.5m)(52.2m)(95.3m)(112.2m)46.2m(9.1m)41.8m(44.4m)(55.2m)(46.7m)11.6m38.4m68.0m1.4m

Depreciation and Amortization

64.4m69.1m20.1m38.7m54.8m18.1m35.2m52.3m19.1m26.4m36.8m24.2m11.5m23.9m36.4m12.5m

Accounts Receivable

36.1m12.4m27.5m8.4m(6.9m)18.1m28.9m(1.3m)(685.0k)(886.0k)29.3m34.2m29.2m13.8m

Inventories

(21.5m)(42.9m)16.9m5.5m(51.9m)(1.6m)(21.1m)(92.7m)(23.9m)(36.5m)(26.3m)(20.3m)(65.5m)(46.3m)

Accounts Payable

5.9m19.1m(27.6m)1.9m26.9m(26.9m)(14.5m)44.8m(17.6m)111.6m(11.7m)46.6m96.7m14.4m(9.6m)(3.8m)10.0m800.0k

Cash From Operating Activities

(82.6m)(143.5m)(37.1m)(60.9m)(87.3m)(66.1m)(84.3m)(122.2m)(98.6m)(46.2m)8.5m(319.0k)(13.3m)49.2m60.5m(40.3m)

Purchases of PP&E

(55.5m)(59.2m)(13.4m)(30.5m)(55.2m)(20.6m)(47.1m)(77.8m)(27.9m)(44.7m)(40.8m)(28.2m)(11.8m)(25.2m)(37.0m)(9.9m)

Capital Expenditures

(7.7m)

Cash From Investing Activities

(58.3m)(55.9m)(17.1m)(34.7m)(61.7m)(26.5m)(54.0m)(63.6m)69.8m56.1m36.2m56.3m(22.5m)(36.1m)(48.6m)(11.6m)

Long-term Borrowings

(178.3m)(178.3m)(53.2m)(90.4m)(158.0m)(1.2m)(2.5m)(363.3m)(98.0k)(5.2m)(2.1m)(3.2m)(3.4m)(1.1m)

Cash From Financing Activities

147.7m196.6m(48.9m)88.8m3.2m42.9m90.9m138.1m31.2m38.2m(8.1m)(6.7m)(2.4m)(3.7m)(1.8m)(5.8m)

Net Change in Cash

4.0m(149.0k)(100.2m)(6.9m)(148.7m)(52.0m)(50.2m)(52.6m)1.8m46.9m(37.2m)8.7m10.3m(56.2m)

Interest Paid

14.4m17.9m700.0k22.4m

Income Taxes Paid

(300.0k)

Free Cash Flow

(106.3m)

Kate Spade Employee Rating

3.4942 votes
Culture & Values
3.5
Work/Life Balance
3.0
Senior Management
2.9
Salary & Benefits
3.2
Career Opportunities
2.8
Source