Balance Sheet Burlington Stores, Inc.

Equities

BURL

US1220171060

Apparel & Accessories Retailers

Market Closed - Nyse Other stock markets 04:00:02 2024-09-06 pm EDT			5-day change	1st Jan Change
259.92 ^USD	-2.77%		-3.10%	+33.65%

Sep. 03	UBS Raises Burlington Stores Price Target to $270 From $238, Maintains Neutral Rating	MT
Aug. 30	Deutsche Bank Raises Price Target on Burlington Stores to $303 From $285, Keeps Buy Rating	MT

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Published financial data: BURLINGTON STORES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2020	2021	2022	2023	2024
Revenues	7.26B	5.75B	9.31B	8.68B	9.71B
Other Revenues, Total	16.05M	3.19M	3.18M	8.62M	9.18M
Total Revenues	7.28B	5.75B	9.31B	8.69B	9.72B
Cost of Goods Sold, Total	4.23B	3.56B	5.44B	5.17B	5.58B
Gross Profit	3.05B	2.2B	3.87B	3.52B	4.13B
Selling General & Admin Expenses, Total	2.23B	2.3B	2.85B	2.86B	3.27B
Stock-Based Compensation (IS)	-	-	-	-	-
Depreciation & Amortization - (IS)	211M	220M	249M	270M	307M
Other Operating Expenses	-9.1M	-9.25M	-12.53M	-9.44M	-9.32M
Other Operating Expenses, Total	2.43B	2.51B	3.08B	3.12B	3.57B
Operating Income	619M	-314M	790M	402M	563M
Interest Expense, Total	-50.83M	-100M	-67.52M	-66.47M	-78.4M
Interest And Investment Income	-	1.25M	189K	8.8M	24.63M
Net Interest Expenses	-50.83M	-99.01M	-67.33M	-57.68M	-53.77M
Other Non Operating Income (Expenses)	7.83M	3.9M	9.94M	15.11M	16.25M
EBT, Excl. Unusual Items	576M	-409M	733M	359M	526M
Merger & Related Restructuring Charges	-	-24.08M	-21.91M	-18.59M	-15.26M
Gain (Loss) On Sale Of Assets	600K	-	-	-	-
Asset Writedown	-4.32M	-6.01M	-7.75M	-21.4M	-6.37M
Insurance Settlements	8.1M	3.2M	1.5M	3M	-
Legal Settlements	-	-	-	-	-
Other Unusual Items	375K	-1.34M	-159M	-14.66M	-38.37M
EBT, Incl. Unusual Items	581M	-438M	545M	308M	466M
Income Tax Expense	115M	-221M	136M	77.39M	126M
Earnings From Continuing Operations	465M	-216M	409M	230M	340M
Net Income to Company	465M	-216M	409M	230M	340M
Net Income - (IS)	465M	-216M	409M	230M	340M
Net Income to Common Incl Extra Items	465M	-216M	409M	230M	340M
Net Income to Common Excl. Extra Items	465M	-216M	409M	230M	340M
Per Share Items
Net EPS - Basic	7.05	-3.28	6.14	3.51	5.25
Basic EPS - Continuing Operations	7.05	-3.28	6.14	3.51	5.25
Basic Weighted Average Shares Outstanding	65.94M	65.96M	66.59M	65.64M	64.67M
Net EPS - Diluted	6.91	-3.28	6	3.49	5.23
Diluted EPS - Continuing Operations	6.91	-3.28	6	3.49	5.23
Diluted Weighted Average Shares Outstanding	67.29M	65.96M	68.13M	65.9M	64.92M
Normalized Basic EPS	5.46	-3.88	6.88	3.42	5.08
Normalized Diluted EPS	5.35	-3.88	6.72	3.41	5.06
Supplemental Items
EBITDA	812M	-83.66M	1.02B	651M	847M
EBITA	619M	-264M	812M	420M	579M
EBIT	619M	-314M	790M	402M	563M
EBITDAR	1.38B	533M	1.67B	1.38B	1.66B
Total Revenues (As Reported)	7.29B	5.76B	9.32B	8.7B	9.73B
Effective Tax Rate - (Ratio)	19.88	50.53	25.02	25.17	27.08
Current Domestic Taxes	104M	-197M	80.69M	99.79M	102M
Current Foreign Taxes	2.04M	1.18M	3.82M	3.02M	3.48M
Total Current Taxes	106M	-196M	84.51M	103M	105M
Deferred Domestic Taxes	9.39M	-25.22M	51.49M	-26.18M	19.89M
Deferred Foreign Taxes	-317K	257K	463K	753K	769K
Total Deferred Taxes	9.07M	-24.96M	51.95M	-25.43M	20.66M
Normalized Net Income	360M	-256M	458M	224M	329M
Interest on Long-Term Debt	2.77M	44.13M	24.37M	16.84M	12.73M
Supplemental Operating Expense Items
Advertising Expense	74.6M	-	-	-	-
Marketing Expenses	-	-	48.5M	33.8M	36.5M
Selling and Marketing Expenses	74.6M	-	48.5M	33.8M	36.5M
Research And Development Expense From Footnotes	17.9M	16.9M	18.9M	21.2M	23M
Net Rental Expense, Total	564M	616M	651M	724M	817M
Imputed Operating Lease Interest Expense	98.75M	119M	76.95M	84.03M	108M
Imputed Operating Lease Depreciation	466M	498M	574M	640M	709M
Stock-Based Comp., SG&A Exp. (Total)	43.93M	55.84M	58.55M	67.48M	83.95M
Stock-Based Comp., Other (Total)	-	-	-	-	-
Total Stock-Based Compensation	43.93M	55.84M	58.55M	67.48M	83.95M

Fiscal Period: February	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	403M	1.38B	1.09B	873M	925M
Trading Asset Securities, Total	-	-	-	-	-
Total Cash And Short Term Investments	403M	1.38B	1.09B	873M	925M
Accounts Receivable, Total	91.51M	62.16M	54.09M	71.09M	74.36M
Total Receivables	91.51M	62.16M	54.09M	71.09M	74.36M
Inventory	777M	741M	1.02B	1.18B	1.09B
Prepaid Expenses	125M	314M	371M	132M	216M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	6.58M	6.58M	6.58M	6.58M	-
Other Current Assets, Total	13.93M	6.66M	4.36M	19.82M	23.3M
Total Current Assets	1.42B	2.51B	2.55B	2.28B	2.33B
Gross Property Plant And Equipment	5.16B	5.41B	5.84B	6.33B	6.97B
Accumulated Depreciation	-1.36B	-1.5B	-1.65B	-1.72B	-1.95B
Net Property Plant And Equipment	3.8B	3.91B	4.19B	4.61B	5.01B
Long-term Investments	-	-	-	29.15M	29.08M
Goodwill	47.06M	47.06M	47.06M	47.06M	47.06M
Other Intangibles, Total	239M	238M	238M	238M	238M
Deferred Tax Assets Long-Term	4.68M	4.42M	3.96M	3.2M	2.44M
Deferred Charges Long-Term	2.5M	1.8M	2.8M	2.8M	2.1M
Other Long-Term Assets, Total	83.23M	70.96M	59.34M	51.65M	48.05M
Total Assets	5.59B	6.78B	7.09B	7.27B	7.71B
Liabilities
Accounts Payable, Total	759M	863M	1.08B	956M	956M
Accrued Expenses, Total	34.82M	33.19M	33.73M	35.81M	38.3M
Current Portion of Long-Term Debt	-	-	9.61M	9.61M	9.61M
Current Portion of Leases	306M	309M	364M	405M	415M
Other Current Liabilities	362M	480M	460M	506M	609M
Total Current Liabilities	1.46B	1.68B	1.95B	1.91B	2.03B
Long-Term Debt	981M	1.92B	1.51B	1.43B	1.37B
Long-Term Leases	2.37B	2.44B	2.58B	2.85B	3.01B
Deferred Tax Liability Non Current	182M	200M	220M	206M	228M
Other Non Current Liabilities	71.58M	72.28M	69.94M	69.39M	73.79M
Total Liabilities	5.07B	6.32B	6.33B	6.47B	6.71B
Common Stock, Total	7K	7K	7K	8K	8K
Additional Paid In Capital	1.59B	1.81B	1.93B	2.02B	2.12B
Retained Earnings	205M	-11.7M	414M	644M	984M
Treasury Stock	-1.24B	-1.31B	-1.58B	-1.89B	-2.14B
Comprehensive Income and Other	-18.96M	-23.02M	-4.44M	28.75M	33.53M
Total Common Equity	528M	465M	760M	795M	997M
Total Equity	528M	465M	760M	795M	997M
Total Liabilities And Equity	5.59B	6.78B	7.09B	7.27B	7.71B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	65.44M	65.99M	66.12M	64.5M	63.35M
ECS Total Common Shares Outstanding	65.48M	65.99M	66.12M	64.54M	63.39M
Book Value / Share	8.07	7.04	11.5	12.32	15.73
Tangible Book Value	242M	180M	475M	510M	712M
Tangible Book Value Per Share	3.7	2.72	7.19	7.9	11.23
Total Debt	3.66B	4.67B	4.46B	4.7B	4.8B
Net Debt	3.25B	3.29B	3.37B	3.83B	3.88B
Debt Equivalent Oper. Leases	4.51B	4.93B	5.2B	5.79B	6.53B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	777M	741M	1.02B	1.18B	1.09B
Land - (BS)	149M	149M	148M	113M	106M
Buildings, Total	442M	445M	443M	356M	375M
Machinery, Total	1.03B	1.07B	1.3B	1.41B	1.58B
Full Time Employees	47K	14.53K	14.8K	14.87K	17.05K
Part Time Employees	-	41.43K	47.59K	46.3K	54K
Assets under Capital Lease - Gross	49.2M	47.6M	47.5M	38.9M	38.9M
Assets under Capital Lease - Accumulated Depreciation	-4.4M	-8.7M	-13.3M	-13.6M	-17.1M
Accumulated Allowance for Doubtful Accounts (Supple)	795K	4.86M	3.3M	1.25M	2.31M

Fiscal Period: February	2020	2021	2022	2023	2024
Net Income	465M	-216M	409M	230M	340M
Depreciation & Amortization - CF	229M	180M	208M	231M	269M
Amortization of Goodwill and Intangible Assets - (CF)	-	50.16M	21.91M	18.59M	15.26M
Depreciation & Amortization, Total	229M	231M	230M	249M	284M
Amortization of Deferred Charges, Total - (CF)	19.15M	21.35M	24.22M	24.83M	26.19M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
Asset Writedown & Restructuring Costs	4.32M	6.01M	7.75M	21.4M	6.37M
Stock-Based Compensation (CF)	43.93M	55.84M	58.55M	67.48M	83.95M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	39.14M	26.94M	251M	13.02M	60.84M
Change In Accounts Receivable	-8.82M	26.86M	10.19M	-13.01M	-4.46M
Change In Inventories	176M	36.46M	-280M	-161M	94.14M
Change In Accounts Payable	-90.9M	105M	215M	-125M	-21.95M
Change in Other Net Operating Assets	14.78M	-73.02M	-92.27M	289M	-48K
Cash from Operations	892M	219M	833M	596M	869M
Capital Expenditure	-328M	-273M	-352M	-447M	-493M
Sale of Property, Plant, and Equipment	-	-	8.65M	27.96M	13.54M
Other Investing Activities, Total	3.76M	-850K	-576K	-3.71M	-24.64M
Cash from Investing	-325M	-274M	-344M	-423M	-504M
Long-Term Debt Issued, Total	1.29B	1.5B	957M	-	297M
Total Debt Issued	1.29B	1.5B	957M	-	297M
Long-Term Debt Repaid, Total	-1.29B	-400M	-1.49B	-87.85M	-396M
Total Debt Repaid	-1.29B	-400M	-1.49B	-87.85M	-396M
Issuance of Common Stock	34.22M	34.92M	39.89M	20.59M	18.78M
Repurchase of Common Stock	-323M	-65.53M	-267M	-317M	-243M
Other Financing Activities, Total	-2.77M	-42.24M	-16M	-7.55M	4.63M
Cash from Financing	-292M	1.03B	-778M	-392M	-319M
Net Change in Cash	276M	977M	-289M	-218M	46.15M
Supplemental Items
Cash Interest Paid	47.07M	48.39M	52.67M	51.44M	88.15M
Cash Income Tax Paid (Refund)	111M	44.99M	130M	-208M	86.24M
Levered Free Cash Flow	373M	-121M	285M	71.74M	321M
Unlevered Free Cash Flow	403M	-63.05M	322M	110M	366M
Change In Net Working Capital	-54.44M	-103M	127M	31.91M	-116M
Net Debt Issued / Repaid	0	1.1B	-535M	-87.85M	-99.06M

Fiscal Period: February	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.92	-3.17	7.12	3.5	4.7
Return on Total Capital	14.07	-4.22	9.54	4.68	6.23
Return On Equity %	109.33	-43.61	66.74	29.59	37.91
Return on Common Equity	109.33	-43.61	66.74	29.59	37.91
Margin Analysis
Gross Profit Margin %	41.89	38.22	41.61	40.51	42.54
SG&A Margin	30.62	40.02	30.58	32.89	33.68
EBITDA Margin %	11.15	-1.45	10.96	7.49	8.72
EBITA Margin %	8.5	-4.59	8.72	4.84	5.95
EBIT Margin %	8.5	-5.46	8.49	4.62	5.8
Income From Continuing Operations Margin %	6.39	-3.76	4.39	2.65	3.49
Net Income Margin %	6.39	-3.76	4.39	2.65	3.49
Net Avail. For Common Margin %	6.39	-3.76	4.39	2.65	3.49
Normalized Net Income Margin	4.94	-4.45	4.92	2.58	3.38
Levered Free Cash Flow Margin	5.12	-2.11	3.06	0.83	3.3
Unlevered Free Cash Flow Margin	5.54	-1.1	3.46	1.26	3.77
Asset Turnover
Asset Turnover	1.68	0.93	1.34	1.21	1.3
Fixed Assets Turnover	2.88	1.49	2.3	1.97	2.02
Receivables Turnover (Average Receivables)	96.65	74.86	160.11	138.75	133.5
Inventory Turnover (Average Inventory)	4.88	4.68	6.17	4.7	4.92
Short Term Liquidity
Current Ratio	0.97	1.49	1.31	1.19	1.15
Quick Ratio	0.34	0.86	0.59	0.49	0.49
Operating Cash Flow to Current Liabilities	0.61	0.13	0.43	0.31	0.43
Days Sales Outstanding (Average Receivables)	3.77	4.86	2.27	2.62	2.78
Days Outstanding Inventory (Average Inventory)	74.52	77.72	58.98	77.53	75.4
Average Days Payable Outstanding	72.21	83.89	61.88	69.51	64.61
Cash Conversion Cycle (Average Days)	6.07	-1.31	-0.62	10.64	13.57
Long Term Solvency
Total Debt/Equ