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Summary - Funding Rounds

Founding Date

1968

West Marine Revenue Breakdown

Embed Graph

West Marine revenue breakdown by business segment: 76.5% from Core boating products and 23.5% from Merchandise expansion products

West Marine Income Statement

Annual

USDFY, 2016

Revenue

703.4m

Cost of goods sold

497.7m

Gross profit

205.7m

Gross profit Margin, %

29%

General and administrative expense

193.6m

Operating expense total

193.6m

EBIT

12.0m

EBIT margin, %

2%

Interest expense

432.0k

Pre tax profit

11.6m

Income tax expense

5.1m

Net Income

6.5m

EPS

0.3

Quarterly

USDQ1, 2017Q2, 2017

Revenue

129.1m247.2m

Cost of goods sold

96.1m157.0m

Gross profit

32.9m90.3m

Gross profit Margin, %

26%37%

General and administrative expense

44.9m54.2m

Operating expense total

44.9m54.2m

EBIT

(12.0m)36.1m

EBIT margin, %

(9%)15%

Interest expense

110.0k99.0k

Pre tax profit

(12.1m)36.0m

Income tax expense

(4.8m)14.8m

Net Income

(7.3m)21.2m

EPS

(0.3)0.8

West Marine Balance Sheet

Annual

USDFY, 2017

Cash

76.1m

Accounts Receivable

6.4m

Inventories

212.1m

Current Assets

315.2m

PP&E

82.5m

Total Assets

406.1m

Accounts Payable

33.0m

Current Liabilities

78.1m

Total Liabilities

97.4m

Common Stock

26.0k

Additional Paid-in Capital

214.8m

Retained Earnings

103.9m

Total Equity

308.7m

Financial Leverage

1.3 x

Quarterly

USDQ1, 2017Q2, 2017

Cash

47.0m113.3m

Accounts Receivable

9.1m10.3m

Inventories

257.4m243.4m

Current Assets

340.3m388.4m

PP&E

79.6m77.8m

Total Assets

428.1m474.4m

Accounts Payable

63.2m73.2m

Current Liabilities

107.0m130.0m

Total Liabilities

127.4m150.6m

Common Stock

26.0k26.0k

Additional Paid-in Capital

215.6m216.9m

Retained Earnings

95.3m116.6m

Total Equity

300.7m323.7m

Financial Leverage

1.4 x1.5 x

West Marine Cash Flow

Annual

USDFY, 2016

Net Income

6.5m

Depreciation and Amortization

22.2m

Accounts Receivable

600.0k

Inventories

8.5m

Accounts Payable

5.9m

Cash From Operating Activities

49.3m

Purchases of PP&E

(22.7m)

Cash From Investing Activities

(21.8m)

Short-term Borrowings

(1.1m)

Cash From Financing Activities

434.0k

Net Change in Cash

28.0m

Interest Paid

275.0k

Income Taxes Paid

339.0k

Quarterly

USDQ1, 2017Q2, 2017

Net Income

(7.3m)14.0m

Depreciation and Amortization

5.8m11.6m

Accounts Receivable

(2.7m)(4.0m)

Inventories

(46.3m)(32.4m)

Accounts Payable

31.6m41.1m

Cash From Operating Activities

(24.7m)45.9m

Purchases of PP&E

(4.2m)(7.8m)

Cash From Investing Activities

(90.0k)(7.8m)

Short-term Borrowings

(90.0k)(317.0k)

Dividends Paid

(1.3m)

Cash From Financing Activities

(206.0k)(910.0k)

Net Change in Cash

(29.2m)37.1m

Interest Paid

103.0k141.0k

Income Taxes Paid

(116.0k)(161.0k)

West Marine Ratios

USDFY, 2016

Revenue/Employee

367.5k

Financial Leverage

1.3 x

West Marine Operating Metrics

FY, 2016Q1, 2018Q2, 2018Nov, 2020

Items in Catalogue

318

New Products

22

Product Categories

17

Stores

254253250236

Stores (Traditional)

179

Stores (Waterlife)

75

Stores Opened

5

Stores Closed

14

Stores Closed (Traditional)

12

Stores Opened (Waterlife)

5

Stores Closed (Waterlife)

2

Partners

5

Retail Space, sq. ft.

2.56 m

Trademark Applications

5

Trademarks (US)

37

West Marine Employee Rating

3.4452 votes
Culture & Values
3.6
Work/Life Balance
3.5
Senior Management
3.2
Salary & Benefits
2.8
Career Opportunities
3.1
Source