ACT 37
Tawan
Company
Company Name Barnes & Noble, Inc.
Ticker Symbol BKS
Industry Speciality Retail
Products or Services Offered Textbooks, magazines, and newspapers
Major Competitors Amazon and Apple
ACT 370-Excel Project
Tawanda Robertson
Company Infromation Tab
ACT 370
Tawand
Historical I
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, except per share data) Fiscal 2015 Fiscal 2014 Fiscal 2013
Sales $ 6,069,497 $ 6,381,357 $ 6,839,005
Cost of sales and occupancy $ 4,196,998 $ 4,523,422 $ 5,156,499
Gross profit $ 1,872,499 $ 1,857,935 $ 1,682,506
Selling and administrative expenses $ 1,545,152 $ 1,606,936 $ 1,675,376
Depreciation and amortization $ 194,174 $ 216,807 $ 227,134
Operating income (loss) $ 133,173 $ 34,192 $ (220,004)
Interest expense, net and amortization of
deferred financing fees $ (17,890) $ (29,507) $ (35,345)
Income (loss) before income taxes $ 115,283 $ 4,685 $ (255,349)
Income taxes (benefit) $ 78,687 $ 51,953 $ (97,543)
Net income (loss) $ 36,596 $ (47,268) $ (157,806)
Income (loss) per common share
Basic $ 0.21 $ (1.12) $ (3.02)
Diluted $ 0.21 $ (1.12) $ (3.02)
Weighted average common shares outstanding
Basic $ 60,842 $ 58,971 $ 58,247
Diluted $ 60,928 $ 58,971 $ 58,247
ACT 370-Excel Project
Tawanda Robertson
Historical Income Statement
ACT 3
Tawa
Historic
Consolidated Balance Sheet
(In thousands, except per share data) May 2, 2015 May 3, 2014
Assets
Current assets:
Cash and cash equivalents $ 74,360 $ 340,171
Receivables, net 98,576 143,981
Merchandise inventories, net 1,293,164 1,234,635
Textbook rental inventories 55,075 50,341
Prepaid expenses and other current assets 65,331 66,580
Short-term deferred tax assets 142,809 144,730
Total current assets $ 1,729,315 $ 1,980,438
Property and equipment:
Land and land improvements 2,541 2,541
Buildings and leasehold improvements 1,207,039 1,224,083
Fixtures and equipment 1,866,719 1,938,555
3,076,299 3,165,179
Less accumulated depreciation and amortization 2,627,007 2,674,466
Net property and equipment 449,292 490,713
Goodwill 489,267 493,189
Intangible assets, net 513,842 528,576
Other noncurrent assets 47,789 44,533
Total assets $ 3,229,505 $ 3,537,449
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 655,064 $ 735,112
Accrued liabilities 434,049 502,583
Gift card liabilities 358,146 356,700
Short-term note payable - 127,250
Total current liabilities 1,447,259 1,721,645
Long-term debt - -
Long-term deferred taxes 200,527 211,925
Other long-term liabilities 196,302 366,989
Redeemable Preferred Shares; $0.001 par value; 5,000
shares authorized; 204 and 204 shares issued,
respectively 196,059 194,797
Preferred Membership Interests in NOOK Media, LLC - 383,397
Shareholders' equity:
Common stock; $0.001 par value; 300,000 shares
authorized; 98,115 and 93,540 shares issued,
respectively 98 94
Additional paid-in capital 1,927,997 1,395,463
Accumulated other comprehensive loss (16,533) (11,773)
Retained earnings 357,512 344,021
Treasury stock, at cost, 34,841 and 34,364 shares,
respectively (1,079,716) (1,069,109)
Total shareholders' equity 1,189,358 658,696
Commitments and contingencies - -
Total liabilities and shareholders' equity $ 3,229,505 $ 3,537,449
ACT 370-Excel Project
Tawanda Robertson
Historical Balance Sheet
April 27, 2013
$ 160,470
149,369
1,410,769
116,634
209,893
$ 2,047,135
2,541
1,224,384
1,883,504
3,110,429
2,525,520
584,909
495,496
547,931
57,065
$ 3,732,536
$ 805,194
569,240
341,036
-
1,715,470
77000.00
231,215
419,946
193,535
381,627
93
1,383,848
(16,692)
410,349
(1,063,855)
713,743
$ 3,732,536
ACT 370-Excel Pro
Tawanda Robertso
Historical Ratios
Fiscal 2015 Fiscal 2014 Fiscal 2013
Liquidity Ratios
Current Ratio 1.19 1.15 1.19
Quick Ratio 0.26 0.40 0.37
Leverage Ratios
Debt to Total Assets Ratio - 0.04 0.02
Debt Equity Ratio - 0.19 0.11
Long-Term Debt to Equity - - 0.11
Times Interest Earned Ratio 7.44 1.16 (6.22)
Activity Ratios
Inventory Turnover 4.50 4.97 4.85
Fixed Assets Turnover 13.51 13.00 11.69
Total Assets Turnover 1.88 1.80 1.83
Accounts Receivable Turnover 50.05 43.51 42.84
Average Collection Period 7.19 8.27 8.40
Profitability Ratios
Gross Profit Margin 31% 29% 25%
Operating Profit Margin 2% 1% -3%
Net Profit Margin 1% -1% -2%
Return on Total Assets (ROA) 4% 1% -6%
Return on Stockholders’ Equity (ROE) 4% -7% -20%
Earnings Per Share (EPS) 0.21 (1.12) (3.02)
Price Earnings Ratio 107.81 (14.74) (6.02)
ACT 370-Excel Project
Tawanda Robertson
Historical Ratios
ACT 370-Excel Project
Tawanda Robertson
Historical Ratios
Project
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