Ulta Beauty (ULTA) FY2014 results: revenue $3.2 billion, up 21.4% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $3.2 billion for fiscal 2014, the year ended 31 January 2015, up 21.4% on the year before. Net income was $257 million, up 26.8%, and diluted earnings per share $3.98. The figures are the company's own, from the 10-K it filed with the SEC on 1 April 2015.
Revenue
$3.2 billion
+21.4% on the year
FY2009FY2014
Operating margin
12.7%
12.3% a year earlier
FY2009FY2014
Net income
$257 million
+26.8% on the year
FY2009FY2014
Diluted EPS
$3.98
+26.3% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
3,241
2,671
2,220
+21.4%
Cost of revenue
2,105
1,729
1,437
+21.7%
Gross profit
1,137
941
784
+20.8%
Gross margin
35.1%
35.2%
35.3%
Selling, general and administrative
712
596
489
+19.4%
Operating income
410
328
280
+25.3%
Operating margin
12.7%
12.3%
12.6%
Interest expense
n/a
n/a
0.2
Pre-tax income
411
328
280
+25.5%
Income tax
154
125
107
+23.5%
Effective tax rate
37.5%
38.1%
38.3%
Net income
257
203
173
+26.8%
Net margin
7.9%
7.6%
7.8%
Diluted EPS
$3.98
$3.15
$2.68
+26.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
397
328
239
+21.0%
Capital expenditure
249
226
189
+10.2%
Free cash flow
148
102
50.4
+45.1%
Free cash flow margin
4.6%
3.8%
2.3%
Cash from investing
n/a
n/a
-189
Cash from financing
n/a
n/a
16.3
Depreciation and amortisation
132
106
88.2
+24.0%
Share-based compensation
14.9
16.0
13.4
-6.7%
Buybacks
39.9
37.3
0.1
+6.9%
Dividends paid
n/a
n/a
62.5
Dividend per share
$0.00
$0.00
$1.00
Diluted shares, weighted
65m
64m
64m
+0.3%
Shares outstanding at period end
64m
64m
64m
-0.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,248
1,003
787
+24.4%
Debt
0.0
0.0
n/a
Other liabilities
736
600
488
+22.7%
Total liabilities and equity
1,983
1,603
1,275
+23.7%
Fixed assets
717
596
483
+20.4%
Investments
150
n/a
n/a
Cash and equivalents
389
419
320
-7.2%
Receivables
52.4
47.0
41.5
+11.5%
Other assets
674
540
430
+24.7%
Total assets
1,983
1,603
1,275
+23.7%
10-K for the year ended 31 January 2015, filed 1 April 2015: the filing.