Summary - Funding Rounds

Founding Date

1975
Tumi is a subsidiary of Samsonite

Tumi Income Statement

Annual

usdFY, 2013FY, 2014FY, 2015

Revenue

467.4m527.2m547.7m

Revenue growth, %

13%4%

Cost of goods sold

198.6m221.2m220.8m

Gross profit

268.8m306.0m326.9m

Gross profit Margin, %

58%58%60%

EBIT

86.2m93.2m96.5m

EBIT margin, %

18%18%18%

Interest expense

733.0k477.0k347.0k

Pre tax profit

86.1m93.8m97.5m

Income tax expense

31.5m35.8m34.4m

Net Income

54.6m58.0m63.0m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Revenue

108.9m108.6m124.6m130.2m110.5m138.5m131.0m118.3m147.5m

Cost of goods sold

44.9m45.5m52.5m53.9m45.2m56.9m51.7m49.0m61.3m

Gross profit

64.0m63.1m72.1m76.3m65.3m81.6m79.3m69.4m86.2m

Gross profit Margin, %

59%58%58%59%59%59%61%59%58%

Sales and marketing expense

4.4m4.4m4.5m3.6m3.8m3.9m3.6m4.8m4.4m

General and administrative expense

9.2m11.0m10.7m10.8m13.5m11.9m11.7m13.9m14.4m

Operating expense total

45.5m49.7m52.2m53.0m55.7m56.3m56.2m61.6m65.4m

EBIT

18.5m13.4m19.9m23.3m9.6m25.3m23.1m7.8m20.8m

EBIT margin, %

17%12%16%18%9%18%18%7%14%

Interest expense

162.0k129.0k113.0k117.0k105.0k80.0k76.0k28.0k41.0k

Pre tax profit

19.3m13.0m19.7m23.2m9.8m25.7m23.2m10.8m20.5m

Income tax expense

7.2m4.9m7.5m9.3m3.4m9.0m8.3m2.9m7.3m

Net Income

12.1m8.2m12.2m13.9m6.4m16.7m14.9m7.9m13.2m

Tumi Balance Sheet

Annual

usdY, 2009Y, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015

Cash

27.3m32.7m32.7m36.7m37.6m52.8m94.6m

Accounts Receivable

2.9m3.0m3.5m

Inventories

6.9m8.3m12.1m

Current Assets

161.7m192.5m243.4m

PP&E

60.9m79.1m83.5m

Goodwill

142.8m142.8m142.8m

Total Assets

506.5m562.8m611.9m

Accounts Payable

33.9m33.9m35.8m

Short-term debt

Current Liabilities

70.7m71.0m75.6m

Long-term debt

Total Debt

Additional Paid-in Capital

310.6m314.2m317.1m

Retained Earnings

61.7m119.7m182.7m

Total Equity

480.8m

Financial Leverage

1.3 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016

Cash

20.5m17.8m24.2m25.0m56.4m72.7m76.2m102.0m113.1m

Accounts Receivable

1.9m3.9m4.3m5.1m2.6m2.7m3.6m4.2m1.9m

Inventories

98.1m83.8m91.9m105.7m90.4m95.9m111.1m113.6m113.9m

Current Assets

155.8m148.2m167.3m180.2m186.6m217.7m236.9m254.2m277.8m

PP&E

53.8m66.0m68.8m73.9m78.9m79.3m82.0m86.6m88.4m

Goodwill

142.8m142.8m142.8m142.8m142.8m142.8m142.8m145.2m145.2m

Total Assets

495.0m503.5m524.6m543.3m557.1m587.9m608.6m628.2m653.5m

Accounts Payable

45.2m33.5m43.7m47.5m28.3m38.8m42.3m28.7m39.0m

Short-term debt

7.0m2.2m

Current Liabilities

74.7m64.2m73.0m78.5m60.6m72.2m76.6m75.3m83.7m

Long-term debt

7.0m2.2m

Total Debt

14.0m4.4m

Total Liabilities

148.2m126.4m134.4m140.7m125.4m137.6m142.8m132.2m142.5m

Additional Paid-in Capital

310.2m311.5m312.2m313.5m315.6m316.7m317.7m323.2m324.6m

Retained Earnings

41.0m69.9m82.1m96.0m126.1m142.8m157.7m190.7m203.9m

Total Equity

450.3m465.8m495.9m511.0m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x

Tumi Cash Flow

Annual

usdFY, 2013FY, 2014FY, 2015

Net Income

54.6m58.0m63.0m

Depreciation and Amortization

14.2m18.2m21.5m

Accounts Receivable

(7.9m)(5.3m)(751.0k)

Inventories

(8.8m)(11.0m)(12.0m)

Accounts Payable

5.9m91.0k2.0m

Cash From Operating Activities

62.6m60.5m81.4m

Cash From Investing Activities

(24.8m)(36.6m)(30.8m)

Long-term Borrowings

Cash From Financing Activities

(37.0m)(8.0m)(8.5m)

Interest Paid

320.0k117.0k105.0k

Income Taxes Paid

26.4m38.0m34.6m

Free Cash Flow

87.4m97.1m112.2m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015

Net Income

12.1m8.2m12.2m13.9m6.4m
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