Duluth Holdings Inc. (DLTH) Financial Statements (2023 and earlier)
Company Profile
| Business Address |
201 EAST FRONT STREET MOUNT HOREB, WI 53572 |
| State of Incorp. | |
| Fiscal Year End | January 31 |
| Industry (SIC) | 56 - Apparel And Accessory Stores (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)Annual | Quarterly
| 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 77,051 | 47,221 | 538 | 731 | 2,865 | 24,042 | 37,873 | ||
| Cash and cash equivalents | 77,051 | 47,221 | 538 | 731 | 2,865 | 24,042 | 37,873 | ||
| Receivables | 5,455 | 2,820 | 3,121 | 4,639 | 325 | 394 | 96 | ||
| Inventory, net of allowances, customer advances and progress billings | 122,672 | 149,052 | 147,849 | 88,919 | 89,548 | 70,368 | 55,303 | ||
| Inventory | 122,672 | 149,052 | 147,849 | 88,919 | 89,548 | 70,368 | 55,303 | ||
| Prepaid expense | 13,623 | 6,564 | 7,642 | 4,860 | 3,683 | ||||
| Capitalized contract cost | 1,475 | 1,149 | ✕ | ✕ | ✕ | ||||
| Deferred costs | 1,446 | 1,582 | 1,435 | ||||||
| Other undisclosed current assets | 2,245 | 3,504 | 10,684 | 6,616 | |||||
| Total current assets: | 222,521 | 210,310 | 162,192 | 100,905 | 101,826 | 101,246 | 98,390 | ||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset | 50,133 | 53,468 | 46,677 | ✕ | ✕ | ✕ | ✕ | ||
| Operating lease, right-of-use asset | 120,911 | 117,490 | 120,431 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 110,078 | 124,237 | 137,071 | 167,109 | 109,705 | 52,432 | 21,529 | ||
| Intangible assets, net (including goodwill) | 526 | 402 | 600 | 402 | 402 | ||||
| Goodwill | 402 | 402 | 402 | 402 | |||||
| Intangible assets, net (excluding goodwill) | 526 | 198 | |||||||
| Restricted cash and investments | 51 | 2,354 | 4,218 | 1,435 | |||||
| Other noncurrent assets | 5,353 | 3,961 | 1,196 | 2,401 | 628 | 452 | 299 | ||
| Other undisclosed noncurrent assets | 6,554 | 6,111 | 5,906 | (50,990) | 6,125 | ||||
| Total noncurrent assets: | 293,029 | 305,267 | 311,858 | 121,276 | 121,276 | 54,721 | 22,230 | ||
| TOTAL ASSETS: | 515,550 | 515,577 | 474,050 | 222,181 | 223,102 | 155,967 | 120,620 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 88,135 | 68,069 | 54,485 | 48,252 | 50,212 | 34,377 | 17,891 | ||
| Accounts payable | 45,402 | 33,647 | 33,053 | 25,363 | 17,320 | 9,330 | 10,611 | ||
| Accrued liabilities | 24,146 | 18,017 | 15,230 | 12,781 | 25,261 | 19,822 | 2,323 | ||
| Employee-related liabilities | 11,773 | 8,826 | 2,775 | 2,328 | 3,649 | ||||
| Taxes payable | 6,814 | 7,579 | 3,427 | 7,780 | 7,631 | 5,225 | 1,308 | ||
| Deferred revenue | 10,791 | 9,944 | 9,946 | ✕ | ✕ | ✕ | ✕ | ||
| Debt | 3,394 | 5,752 | 12,831 | 500 | 84 | 742 | 722 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 10,485 | 2,744 | ||||
| Other undisclosed current liabilities | 13,676 | 11,949 | 1,513 | (8,837) | 3,333 | ||||
| Total current liabilities: | 115,996 | 95,714 | 78,775 | 50,400 | 50,296 | 35,119 | 24,690 | ||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 173,969 | 220,565 | 171,332 | 1,424 | 35 | 4,301 | |||
| Long-term debt, excluding current maturities | 26,608 | 72,979 | 27,778 | 1,424 | 35 | 4,301 | |||
| Finance lease, liability | 40,267 | 43,299 | 37,434 | ✕ | ✕ | ✕ | ✕ | ||
| Capital lease obligations | ✕ | ✕ | ✕ | 26,578 | 3,349 | ||||
| Operating lease, liability | 107,094 | 104,287 | 106,120 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed long-term debt and lease obligation | (26,578) | (3,349) | |||||||
| Liabilities, other than long-term debt | 2,867 | 8,200 | 8,505 | 6,726 | 5,455 | 3,676 | 1,143 | ||
| Deferred revenue and credits | ✕ | ✕ | ✕ | 5,003 | 3,355 | 2,109 | 1,112 | ||
| Deferred tax liabilities, net | ✕ | ✕ | ✕ | 1,723 | 2,100 | 1,567 | 31 | ||
| Deferred income tax liabilities | 2,867 | 8,200 | 8,505 | ✕ | ✕ | ✕ | ✕ | ||
| Other undisclosed noncurrent liabilities | 39,332 | 26,354 | 26,578 | 3,349 | |||||
| Total noncurrent liabilities: | 176,836 | 228,765 | 219,169 | 33,080 | 33,457 | 7,060 | 5,444 | ||
| Total liabilities: | 292,832 | 324,479 | 297,944 | 83,480 | 83,753 | 42,179 | 30,134 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent | 225,870 | 193,461 | 178,272 | 160,349 | 136,070 | 111,179 | 88,805 | ||
| Treasury stock, value | (1,002) | (628) | (407) | (92) | (57) | ||||
| Additional paid in capital | 95,515 | 92,875 | 90,902 | 89,849 | 88,043 | 86,446 | |||
| Accumulated other comprehensive income (loss) | 489 | 48 | 188 | (27) | |||||
| Retained earnings | 130,868 | 101,166 | 87,589 | 70,592 | 48,084 | 24,733 | 3,443 | ||
| Other additional capital | 85,389 | ||||||||
| Stockholders' equity attributable to noncontrolling interest | (3,152) | (2,363) | (2,166) | (239) | 3,279 | 2,609 | 1,681 | ||
| Other undisclosed stockholders' equity | (21,409) | ||||||||
| Total stockholders' equity: | 222,718 | 191,098 | 176,106 | 138,701 | 139,349 | 113,788 | 90,486 | ||
| TOTAL LIABILITIES AND EQUITY: | 515,550 | 515,577 | 474,050 | 222,181 | 223,102 | 155,967 | 120,620 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 698,584 | 638,783 | 615,624 | 568,102 | 471,447 | 376,116 | 304,157 | |
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 471,447 | 376,116 | 304,157 | |
| Cost of revenue (Cost of Goods and Services Sold) | (321,260) | (307,257) | (287,475) | (257,700) | (210,428) | (161,970) | (130,636) | |
| Gross profit: | 377,324 | 331,526 | 328,149 | 310,402 | 261,019 | 214,146 | 173,521 | |
| Operating expenses | (333,225) | (307,311) | (300,041) | (273,221) | (223,947) | (179,145) | (144,371) | |
| Operating income: | 44,099 | 24,215 | 28,108 | 37,181 | 37,072 | 35,001 | 29,150 | |
| Nonoperating income (Other Nonoperating income) | 55 | 65 | 291 | 383 | 421 | 247 | 181 | |
| Interest and debt expense | (4,717) | (6,263) | (4,471) | (5,949) | (1,988) | (194) | (306) | |
| Income from continuing operations before income taxes: | 39,437 | 18,017 | 23,928 | 31,615 | 35,505 | 35,054 | 29,025 | |
| Income tax expense | (9,887) | (4,637) | (5,429) | (8,450) | (11,878) | (13,525) | (1,339) | |
| Net income: | 29,550 | 13,380 | 18,499 | 23,165 | 23,627 | 21,529 | 27,686 | |
| Net income (loss) attributable to noncontrolling interest | 152 | 197 | 422 | (9) | (276) | (214) | (247) | |
| Net income available to common stockholders, diluted: | 29,702 | 13,577 | 18,921 | 23,156 | 23,351 | 21,315 | 27,439 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 1/31/2022 | 1/31/2021 | 1/31/2020 | 1/31/2019 | 1/31/2018 | 1/31/2017 | 1/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 29,550 | 13,380 | 18,499 | 23,165 | 23,627 | 21,529 | 27,686 | |
| Other comprehensive income (loss) | 441 | (140) | 188 | |||||
| Other undisclosed comprehensive income | 27 | 18 | ||||||
| Comprehensive income: | 29,991 | 13,240 | 18,687 | 23,165 | 23,627 | 21,556 | 27,704 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 152 | 197 | 422 | (9) | (276) | (214) | (247) | |
| Comprehensive income, net of tax, attributable to parent: | 30,143 | 13,437 | 19,109 | 23,156 | 23,351 | 21,342 | 27,457 | |
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.