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Conns - Fundamentalanalyse - Jahresbericht / Bilanz / Geschäftsbericht

Conn's (ISIN: US2082421072, WKN: 786993) Kursdatum: 21.07.2017 Kurs: 22,230 USD
Beschreibung Daten
Symbol CONN
Marktkapitalisierung 684.150.464,00 USD
Land Vereinigte Staaten von Amerika
Indizes NASDAQ Comp.
Sektor Konsumgüter
Rohdaten nach US GAAP in Millionen USD
Aktiensplits
Internet
Letztes Bilanz Update 04.04.2017

Fundamentaldaten

Fundamental Verhältnisse errechnet am: 21.07.2017
KFCV KCV DIV Rendite GKR EKQ KGV KUV KBV
4,31 3,34 0,00% -1,32 26,67 -26,78 0,43 1,32

Firmenbeschreibung

Quarterly Information (Unaudited) The following tables set forth certain quarterly financial data for the years ended January 31, 2016 and 2015 that have been prepared on a consistent basis as the accompanying audited consolidated financial statements and include all adjustments necessary for a fair presentation, in all material respects, of the information shown: Fiscal Year 2016(dollars in thousands, except per share amounts)Quarter EndedApril 30 July 31 October 31  Previously Reported As Adjusted Previously Reported As Adjusted Previously Reported As Adjusted January 31Revenues:             Retail Segment$298,628 $298,628 $325,605 $325,605 $323,050 $323,050 $376,945Credit Segment66,448 66,448 70,445 70,445 72,183 72,183 79,874Total revenues$365,076 $365,076 $396,050 $396,050 $395,233 $395,233 $456,819Percent of annual revenues22.6% 22.6% 24.6% 24.6% 24.5% 24.5% 28.3%Cost and expenses:             Cost of goods sold(1)(2)$173,472 $187,133 $187,124 $202,461 $186,807 $202,901 $240,631Cost of service parts sold(1)$1,312 $— $1,550 $— $1,463 $— $—Delivery, transportation and handling costs(2)$12,349 $— $13,787 $— $14,631 $— $—Operating income (loss):           

Firmenstrategie

Principles of Consolidation. The consolidated financial statements include the accounts of Conn's, Inc. and its wholly-owned subsidiaries, including the VIE. Conn's, Inc., a Delaware corporation, is a holding company with no independent assets or operations other than its investments in its subsidiaries. All material intercompany transactions and balances have been eliminated in consolidation. 

RevenueRecognitionPolicyTextBlock

Revenue Recognition. Revenue from the sale of retail products are recognized at the time the customer takes possession of the product. Such revenue is recognized net of any adjustments for sales incentive offers such as discounts, coupons, rebates or other free products or services and discounts of sales on advertised credit that extend beyond one year. We sell repair service agreements and credit insurance contracts on behalf of unrelated third-parties. For contracts where third-parties are the obligor on the contract, commissions are recognized in revenue at the time of sale, and in the case of retrospective commissions, at the time that they are earned. Service revenues are recognized at the time service is provided to the customer.

Sales financed by us under short-term, interest free credit programs are recognized at the time the customer takes possession of the product, consistent with the above stated policy. Considering the short-term nature of interest-free programs for terms less than one year, sales are recorded at full value and are not discounted. Sales financed by us under longer term, interest-free programs are recorded at their net present value. Sales on interest free programs under third-party programs typically require us to pay the third-party a fee on each completed sale, which is recorded as a reduction of net sales in the retail segment. 

We classify amounts billed to customers for delivery, transportation and handling as revenues, with the related costs included in cost of goods sold. 

SegmentReportingDisclosureTextBlock

Segment Information 

We operate retail stores in 12 states with no operations outside of the United States. No single customer accounts for more than 10% of our total revenues. As a result of our relationship with AcceptanceNow, during the year ended January 31, 2016, 2015, and 2014, we recognized sales of $58.9 million, $56.8 million, and $30.4 million, respectively, for customers that do not qualify for our in-house credit programs.

Financial information by segment is presented in the following tables:

EarningsPerSharePolicyTextBlock

Earnings per Share. Basic earnings per share is calculated by dividing net income by the weighted average number of common shares outstanding during the period. Diluted earnings per share include the dilutive effects of any stock options and restricted stock units granted, which is calculated using the treasury-stock method. The following table sets forth the shares outstanding for the earnings per share calculations: 

 
Year ended January 31, 2016
(in thousands)
Retail
 
Credit
 
Total
Revenues:
 
 
 
 
 
Furniture and mattress
$
409,788

 
$

 
$
409,788

Home appliance
356,634

 

 
356,634

Consumer electronic
312,009

 

 
312,009

Home office
101,365

 

 
101,365

Other
19,338

 

 
19,338

Product sales
1,199,134

 

 
1,199,134

Repair service agreement commissions
109,730

 

 
109,730

Service revenues
13,725

 

 
13,725

Total net sales
1,322,589

 

 
1,322,589

Finance charges and other revenues
1,639

 
288,950

 
290,589

Total revenues
1,324,228

 
288,950

 
1,613,178

Costs and expenses:
 

 
 

 
 

Cost of goods sold
833,126

 

 
833,126

Selling, general and administrative expenses(1)
313,694

 
122,421

 
436,115

Provision for bad debts
791

 
221,386

 
222,177

Charges and credits
8,044

 

 
8,044

Total costs and expenses
1,155,655

 
343,807

 
1,499,462

Operating income
168,573

 
(54,857
)
 
113,716

Interest expense

 
63,106

 
63,106

Loss on early extinguishment of debt

 
1,367

 
1,367

Income (loss) before income taxes
$
168,573

 
$
(119,330
)
 
$
49,243

Additional Disclosures:
 
 
 
 
 
Property and equipment additions
$
63,262

 
$
143

 
$
63,405

Depreciation expense
$
21,995

 
$
711

 
$
22,706

 
January 31, 2016
(in thousands)
Retail
 
Credit
 
Total
Total assets
 
Year Ended January 31,
(in thousands)
2016
 
2015
 
2014
Weighted average common shares outstanding - Basic
35,084

 
36,232

 
35,779

Dilutive effect of stock options and restricted stock units
473

 
668

 
1,082

Weighted average common shares outstanding - Diluted
35,557

 
36,900

 
36,861


For the years ended January 31, 2016, 2015 and 2014, the weighted average number of stock options and restricted stock units not included in the calculation due to their anti-dilutive effect was 388,000, 116,000 and 35,000, respectively.