Financial information for American Eagle is presented in Appendix A and financial information for Buckle is presented in Appendix B
- Calculate American Eagles cash return on assets, cash flow to sales, and asset turnover ratio for the most recent year.
- Calculate Buckles cash return on assets, cash flow to sales, and asset turnover ratio for the most recent year.
AMERICAN EAGLE OUTFITTERS, INC Consolidated Statements of Cash Flows For the Years Ended February 3, Jaruary 28, January 30, Operating activities Net income Gain from disoontinued operations, net of tax income from continuing operations Adjustments to reconcile net income to net cash provided by operating 204,163 212449S 218,138 212449 S 213,291 204,163 $ 189,473 16,890 Depreciation and amortization Sharo based compensation 158,174 29,137 14,838 48,858 34,977 2,977 (9,422) Forcign currency transaction (gain) loss Loss on impairment of assets Gain on sale of assets (5,616) 20,576 Changes in assets and liablities Merchandise inventory (35,912) 8,837 (53,613) 705 10,093) (7,027) 10,017) (3,189) 399) Prepaid expenses and other Other assets Accounts payable Unredeemed gift cards and gift certificates Deferred lesse credits Accrued compensation and payroll taxes Accrued income and other taxes Accrued liabilities Total adjustments (6,705) 52,347 4.465 (16.663) 755 984 1,289 565 (25,809) (10.695) 34.234 (17,615) Net cash provided by operating activities from continuing operations Investing activities: 394,428 365,596 341,918 161 494) Capital expenditures for property and equipment Acquisitions and purchase of long-lived assets in business combination Proceeds from sale of assets Acquisition of intangible assets (169,469) (153,256) (10,442) 12,579 Net cash used for investing activities from continuing operations 163,022 3,384 (87,682) (12,513) 3,355 Payments on capital leases and ather Repurchase of common stock as part of publicy announced programs Repurchase of common stock from emplayees Net proceeds from stock options exercised Excess tax benefit from share-based payments Cash dividends paid 4.375) (7635) (227,071) 7,032) 16.260 (5,183) 7,283 657 763 880) 548 Net cash used for financing activities from continuing operations Effect af exchange rates on cash Cash flows of discontinued operations 85,064 Net cash used for operating activities Net cash used for investing activities Net cash used for financing activities (6.805) Effect of exchange rates on cash Net cash used for discontinued operations 6,805) 150,630) 410,697 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents- beginning of period 35,000 18,546 260 067S Cash and cash oquivalents end af period Refer to Notes to Consolidated Financial Statements For the Years Ended January 28, February 3, January 30, Beginning balance Retums 3,639 S (103,393) 104,471 3,349 3,249 (90,719) 90,819 3,349 (97,126) 97.416 3,639 $ Ending balance 4,717 S THE BUCKLE, INC CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) Fiscal Years Ended February 3 2018 January 28, 2017 January 30, 2016 CASH FLOWS FROM OPERATING ACTIVITIES: Net income 89,707$ 97,961$ 147,283 Adjustments to reconcile net income to net cash flows from operating activities: 32,142 6,197 (1,217) 30,745 4,883 (340) 1,628 32,787 5,330 (3,260) Amortization of non-vested stock grants, net of forfeitures Deferred income taxes Other Changes in operating assets and liabilities 1,875 448 (413) 7,687 (12,047) 4,584 (4,599) (389) (19,645) 9.722 (182) (3,794) (3,345) (1,134) (4.441) (2,323) Reccivables Inventory Prepaid expenses and other assets Accounts payable Acerued employee compensation Accrued store operating expenses Gift certificates redeemable Income taxes payable Deferred rent liabilities and deferred compensation 3,853 23,872 (8,314) (6,220) 8,056 (1,659) (2,997) 1662 (1,730) (1,812) Net cash flows from operating activities 119,721 159,322 148,866 CASH FLOWS FROM INVESTING ACTIVITIES (13,462) Purchases of property and equipment Proceeds from sale of property and equipment Change in other assets Purchases of investments Proceeds from sales/maturities of investments (34,578) 199 318 263 92 80 (29,714) 29,135 (56,631) 52,441 (41,621) 44,221 (34,858) Net cash flows from investing activities (17,297) (28,665) CASH FLOWS FROM FINANCING ACTIVITIES: Purchases of common stock (3,219) 93,768) Payment of dividends (133,874) (84,850) (133,874) (31,450) 196,536 Net cash flows from financing activities (84,850) 96,987) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 35,351 27,477 161,185 133,708 CASH AND CASH EQUIVALENTS, Beginning of year CASH AND CASH EQUIVALENTS, End of year See notes to consolidated financial statements 165,086 S 196,536 S 61,185 AMERICAN EAGLE OUTFITTERS, INC Consolidated Statements of Cash Flows For the Years Ended February 3, Jaruary 28, January 30, Operating activities Net income Gain from disoontinued operations, net of tax income from continuing operations Adjustments to reconcile net income to net cash provided by operating 204,163 212449S 218,138 212449 S 213,291 204,163 $ 189,473 16,890 Depreciation and amortization Sharo based compensation 158,174 29,137 14,838 48,858 34,977 2,977 (9,422) Forcign currency transaction (gain) loss Loss on impairment of assets Gain on sale of assets (5,616) 20,576 Changes in assets and liablities Merchandise inventory (35,912) 8,837 (53,613) 705 10,093) (7,027) 10,017) (3,189) 399) Prepaid expenses and other Other assets Accounts payable Unredeemed gift cards and gift certificates Deferred lesse credits Accrued compensation and payroll taxes Accrued income and other taxes Accrued liabilities Total adjustments (6,705) 52,347 4.465 (16.663) 755 984 1,289 565 (25,809) (10.695) 34.234 (17,615) Net cash provided by operating activities from continuing operations Investing activities: 394,428 365,596 341,918 161 494) Capital expenditures for property and equipment Acquisitions and purchase of long-lived assets in business combination Proceeds from sale of assets Acquisition of intangible assets (169,469) (153,256) (10,442) 12,579 Net cash used for investing activities from continuing operations 163,022 3,384 (87,682) (12,513) 3,355 Payments on capital leases and ather Repurchase of common stock as part of publicy announced programs Repurchase of common stock from emplayees Net proceeds from stock options exercised Excess tax benefit from share-based payments Cash dividends paid 4.375) (7635) (227,071) 7,032) 16.260 (5,183) 7,283 657 763 880) 548 Net cash used for financing activities from continuing operations Effect af exchange rates on cash Cash flows of discontinued operations 85,064 Net cash used for operating activities Net cash used for investing activities Net cash used for financing activities (6.805) Effect of exchange rates on cash Net cash used for discontinued operations 6,805) 150,630) 410,697 Net increase (decrease) in cash and cash equivalents Cash and cash equivalents- beginning of period 35,000 18,546 260 067S Cash and cash oquivalents end af period Refer to Notes to Consolidated Financial Statements For the Years Ended January 28, February 3, January 30, Beginning balance Retums 3,639 S (103,393) 104,471 3,349 3,249 (90,719) 90,819 3,349 (97,126) 97.416 3,639 $ Ending balance 4,717 S THE BUCKLE, INC CONSOLIDATED STATEMENTS OF CASH FLOWS (Amounts in Thousands) Fiscal Years Ended February 3 2018 January 28, 2017 January 30, 2016 CASH FLOWS FROM OPERATING ACTIVITIES: Net income 89,707$ 97,961$ 147,283 Adjustments to reconcile net income to net cash flows from operating activities: 32,142 6,197 (1,217) 30,745 4,883 (340) 1,628 32,787 5,330 (3,260) Amortization of non-vested stock grants, net of forfeitures Deferred income taxes Other Changes in operating assets and liabilities 1,875 448 (413) 7,687 (12,047) 4,584 (4,599) (389) (19,645) 9.722 (182) (3,794) (3,345) (1,134) (4.441) (2,323) Reccivables Inventory Prepaid expenses and other assets Accounts payable Acerued employee compensation Accrued store operating expenses Gift certificates redeemable Income taxes payable Deferred rent liabilities and deferred compensation 3,853 23,872 (8,314) (6,220) 8,056 (1,659) (2,997) 1662 (1,730) (1,812) Net cash flows from operating activities 119,721 159,322 148,866 CASH FLOWS FROM INVESTING ACTIVITIES (13,462) Purchases of property and equipment Proceeds from sale of property and equipment Change in other assets Purchases of investments Proceeds from sales/maturities of investments (34,578) 199 318 263 92 80 (29,714) 29,135 (56,631) 52,441 (41,621) 44,221 (34,858) Net cash flows from investing activities (17,297) (28,665) CASH FLOWS FROM FINANCING ACTIVITIES: Purchases of common stock (3,219) 93,768) Payment of dividends (133,874) (84,850) (133,874) (31,450) 196,536 Net cash flows from financing activities (84,850) 96,987) NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 35,351 27,477 161,185 133,708 CASH AND CASH EQUIVALENTS, Beginning of year CASH AND CASH EQUIVALENTS, End of year See notes to consolidated financial statements 165,086 S 196,536 S 61,185
