Duluth Holdings Inc. (DLTH) financial statements (2022 and earlier)

Company profile

Business Address 201 EAST FRONT STREET
MOUNT HOREB, WI 53572
State of Incorp.
Fiscal Year End January 31
SIC 56 - Apparel And Accessory Stores (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

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 investments77,05147,2215387312,86524,04237,873
Cash and cash equivalents77,05147,2215387312,86524,04237,873
Receivables5,4552,8203,1214,63932539496
Inventory, net of allowances, customer advances and progress billings122,672149,052147,84988,91989,54870,36855,303
Inventory122,672149,052147,84988,91989,54870,36855,303
Prepaid expense13,6236,564  7,6424,8603,683
Capitalized contract cost1,4751,149  
Deferred costs    1,4461,5821,435
Other undisclosed current assets2,2453,50410,6846,616   
Total current assets:222,521210,310162,192100,905101,826101,24698,390
Noncurrent Assets
Finance lease, right-of-use asset50,13353,46846,677
Operating lease, right-of-use asset120,911117,490120,431
Property, plant and equipment110,078124,237137,071167,109109,70552,43221,529
Intangible assets, net (including goodwill)  526402600402402
Goodwill   402402402402
Intangible assets, net (excluding goodwill)  526 198  
Restricted cash and investments  512,3544,2181,435 
Other noncurrent assets5,3533,9611,1962,401628452299
Other undisclosed noncurrent assets6,5546,1115,906(50,990)6,125  
Total noncurrent assets:293,029305,267311,858121,276121,27654,72122,230
TOTAL ASSETS:515,550515,577474,050222,181223,102155,967120,620
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities88,13568,06954,48548,25250,21234,37717,891
Accounts payable45,40233,64733,05325,36317,3209,33010,611
Accrued liabilities24,14618,01715,23012,78125,26119,8222,323
Employee-related liabilities11,7738,8262,7752,328  3,649
Taxes payable6,8147,5793,4277,7807,6315,2251,308
Deferred revenue10,7919,9449,946
Debt3,3945,75212,83150084742722
Deferred revenue and credits10,485  2,744
Other undisclosed current liabilities13,67611,9491,513(8,837)  3,333
Total current liabilities:115,99695,71478,77550,40050,29635,11924,690
Noncurrent Liabilities
Long-term debt and lease obligation, including:173,969220,565171,332 1,424354,301
Long-term debt, excluding current maturities26,60872,97927,778 1,424354,301
Finance lease, liability40,26743,29937,434
Capital lease obligations 26,5783,349 
Operating lease, liability107,094104,287106,120
Other undisclosed long-term debt and lease obligation    (26,578)(3,349) 
Liabilities, other than long-term debt2,8678,2008,5056,7265,4553,6761,143
Deferred revenue and credits5,0033,3552,1091,112
Deferred tax liabilities, net1,7232,1001,56731
Deferred income tax liabilities2,8678,2008,505
Other undisclosed noncurrent liabilities  39,33226,35426,5783,349 
Total noncurrent liabilities:176,836228,765219,16933,08033,4577,0605,444
Total liabilities:292,832324,479297,94483,48083,75342,17930,134
Stockholders' equity
Stockholders' equity attributable to parent225,870193,461178,272160,349136,070111,17988,805
Treasury stock, value(1,002)(628)(407)(92)(57)  
Additional paid in capital95,51592,87590,90289,84988,04386,446 
Accumulated other comprehensive income (loss)48948188   (27)
Retained earnings130,868101,16687,58970,59248,08424,7333,443
Other additional capital      85,389
Stockholders' equity attributable to noncontrolling interest(3,152)(2,363)(2,166)(239)3,2792,6091,681
Other undisclosed stockholders' equity   (21,409)   
Total stockholders' equity:222,718191,098176,106138,701139,349113,78890,486
TOTAL LIABILITIES AND EQUITY:515,550515,577474,050222,181223,102155,967120,620

Income statement (P&L) ($ in thousands)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Revenues698,584638,783615,624568,102471,447376,116304,157
Revenue, net471,447376,116304,157
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:377,324331,526328,149310,402261,019214,146173,521
Operating expenses(333,225)(307,311)(300,041)(273,221)(223,947)(179,145)(144,371)
Operating income:44,09924,21528,10837,18137,07235,00129,150
Nonoperating income
(Other Nonoperating income)
5565291383421247181
Interest and debt expense(4,717)(6,263)(4,471)(5,949)(1,988)(194)(306)
Income from continuing operations before income taxes:39,43718,01723,92831,61535,50535,05429,025
Income tax expense(9,887)(4,637)(5,429)(8,450)(11,878)(13,525)(1,339)
Net income:29,55013,38018,49923,16523,62721,52927,686
Net income (loss) attributable to noncontrolling interest152197422(9)(276)(214)(247)
Net income available to common stockholders, diluted:29,70213,57718,92123,15623,35121,31527,439

Comprehensive Income ($ in thousands)

1/31/2022
1/31/2021
1/31/2020
1/31/2019
1/31/2018
1/31/2017
1/31/2016
Net income:29,55013,38018,49923,16523,62721,52927,686
Other comprehensive income (loss)441(140)188    
Other undisclosed comprehensive income     2718
Comprehensive income:29,99113,24018,68723,16523,62721,55627,704
Comprehensive income (loss), net of tax, attributable to noncontrolling interest152197422(9)(276)(214)(247)
Comprehensive income, net of tax, attributable to parent:30,14313,43719,10923,15623,35121,34227,457

Statements sources

The financial statements are based on the company's filings with the 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.

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