Summary - Funding Rounds

Founding Date

1975
Tumi is a subsidiary of Samsonite

Tumi Income Statement

Annual

usdFY, 2013FY, 2014FY, 2015

Revenue

467.4 m527.2 m547.7 m

Revenue growth, %

13%4%

Cost of goods sold

198.6 m221.2 m220.8 m

Gross profit

268.8 m306 m326.9 m

Gross profit Margin, %

58%58%60%

EBIT

86.2 m93.2 m96.5 m

EBIT margin, %

18%18%18%

Interest expense

733 k477 k347 k

Pre tax profit

86.1 m93.8 m97.5 m

Income tax expense

31.5 m35.8 m34.4 m

Net Income

54.6 m58 m63 m

Quarterly

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

Revenue

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

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Sales and marketing expense

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

General and administrative expense

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

Operating expense total

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

EBIT

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

EBIT margin, %

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

Interest expense

162 k129 k113 k117 k105 k80 k76 k28 k41 k

Pre tax profit

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

Income tax expense

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

Net Income

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

Tumi Balance Sheet

Annual

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

Cash

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

Accounts Receivable

2.9 m3 m3.5 m

Inventories

6.9 m8.3 m12.1 m

Current Assets

161.7 m192.5 m243.4 m

PP&E

60.9 m79.1 m83.5 m

Goodwill

142.8 m142.8 m142.8 m

Total Assets

506.5 m562.8 m611.9 m

Accounts Payable

33.9 m33.9 m35.8 m

Short-term debt

Current Liabilities

70.7 m71 m75.6 m

Long-term debt

Total Debt

Additional Paid-in Capital

310.6 m314.2 m317.1 m

Retained Earnings

61.7 m119.7 m182.7 m

Total Equity

480.8 m

Financial Leverage

1.3 x

Quarterly

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

Cash

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

Accounts Receivable

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

Inventories

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

Current Assets

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

PP&E

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

Goodwill

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

Total Assets

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

Accounts Payable

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

Short-term debt

7 m2.2 m

Current Liabilities

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

Long-term debt

7 m2.2 m

Total Debt

14 m4.4 m

Total Liabilities

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

Additional Paid-in Capital

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

Retained Earnings

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

Total Equity

450.3 m465.8 m495.9 m511 m

Financial Leverage

1.3 x1.3 x1.3 x1.3 x

Tumi Cash Flow

Annual

usdFY, 2013FY, 2014FY, 2015

Net Income

54.6 m58 m63 m

Depreciation and Amortization

14.2 m18.2 m21.5 m

Accounts Receivable

(7.9 m)(5.3 m)(751 k)

Inventories

(8.8 m)(11 m)(12 m)

Accounts Payable

5.9 m91 k2 m

Cash From Operating Activities

62.6 m60.5 m81.4 m

Cash From Investing Activities

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

Long-term Borrowings

Cash From Financing Activities

(37 m)(8 m)(8.5 m)

Interest Paid

320 k117 k105 k

Income Taxes Paid

26.4 m38 m34.6 m

Free Cash Flow

87.4 m97.1 m112.2 m

Quarterly

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

Net Income

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