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HSN, Inc. (HSNI)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-16Dec-31-15Dec-31-14Dec-31-13Dec-31-12Dec-31-11Dec-31-10Dec-31-09
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    HSN  2,474.62,542.12,476.12,312.42,265.02,160.32,115.92,007.9
    Cornerstone  1,092.91,148.51,111.91,091.61,001.7909.0768.4741.7
Total revenues  3,567.53,690.63,588.03,404.03,266.73,069.42,884.32,749.6
            Revenue growth   [+]-3.3%2.9%5.4%4.2%6.4%6.4%4.9%-2.6%
Cost of goods sold  2,350.82,376.02,314.92,174.22,083.01,969.11,878.51,768.3
Gross profit  1,216.71,314.61,273.11,229.81,183.71,100.31,005.8981.3
            Gross margin  34.1%35.6%35.5%36.1%36.2%35.8%34.9%35.7%
Selling, general and administrative   [+]936.9980.5944.5906.6887.0825.4769.5730.0
Other operating expenses  31.21.53.1    57.1
Adjusted EBITDA  267.8351.1341.0337.9324.3302.8258.9206.1
            Adjusted EBITDA margin  7.5%9.5%9.5%9.9%9.9%9.9%9.0%7.5%
Stock-based compensation  19.218.415.614.019.126.421.211.3
EBITDA   [+]248.5332.7325.4323.2296.7274.9236.3194.2
            EBITDA margin  7.0%9.0%9.1%9.5%9.1%9.0%8.2%7.1%
Depreciation  42.743.443.939.236.235.436.937.9
EBITA  205.8289.2281.5284.1260.5239.4199.4156.3
            EBITA margin  5.8%7.8%7.8%8.3%8.0%7.8%6.9%5.7%
Amortization of intangibles     1.41.80.40.60.6
EBIT   [+]205.8289.2281.5282.7258.7239.0198.8155.7
            EBIT margin  5.8%7.8%7.8%8.3%7.9%7.8%6.9%5.7%
Non-recurring items   5.2-3.1     
Interest expense, net   [+]16.115.27.16.520.231.332.235.0
Other income (expense), net   [+]    -18.6   
Pre-tax income  189.7268.9277.5276.1219.9207.8166.6120.6
Income taxes  71.099.6104.597.783.480.166.248.1
            Tax rate  37.4%37.1%37.7%35.4%37.9%38.6%39.7%39.9%
Earnings from continuing ops  118.7169.2173.0178.4136.5127.7100.472.5
Earnings from discontinued ops      -5.8-4.6-1.9 
Net income  118.7169.2173.0178.4130.7123.198.572.5
            Net margin  3.3%4.6%4.8%5.2%4.0%4.0%3.4%2.6%
   
Basic EPS   [+]$2.27$3.22$3.28$3.33$2.42$2.18$1.75$1.29
Diluted EPS   [+]$2.25$3.16$3.23$3.25$2.36$2.10$1.69$1.26
   
Dividends per share   [+]$1.40$11.40$1.10$0.79$0.56$0.13  
   
Shares outstanding (basic)   [+]52.452.652.753.656.358.657.456.4
Shares outstanding (diluted)   [+]52.953.553.654.958.060.759.557.3
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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