National vision holdings, inc. (EYE)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Apr'17Sep'16
Revenue:
Revenue from Contract with Customer [Abstract]
Total net revenue

469,704

401,763

431,902

429,451

461,215

355,922

387,425

385,532

407,975

321,819

346,089

337,541

369,859

301,216

Costs applicable to revenue (exclusive of depreciation and amortization):
Total costs applicable to revenue

218,554

187,542

204,502

202,506

211,969

173,470

182,588

177,059

180,454

152,392

162,358

156,408

165,808

138,664

Operating expenses:
Selling, general and administrative expenses

193,741

178,044

190,290

182,278

193,876

166,132

185,028

165,627

170,689

154,300

151,251

144,655

149,804

134,457

Depreciation and amortization

24,810

23,674

22,336

20,819

20,415

19,556

19,344

17,577

17,862

17,570

15,352

14,629

14,423

13,217

Asset impairment

11,355

1,506

3,516

1,790

2,082

15,493

2,137

0

0

-

0

1,000

-

0

Gain (Loss) Related to Litigation Settlement

-4,395

-

-

-

0

-

-

-

-

-

0

-7,000

-

0

Other expense (income), net

66

-

-

-

-473

-

-

-

-

-

-

-

-

-

Other expense, net

-

-

146

356

-

658

411

296

122

203

568

77

102

563

Total operating expenses

234,235

205,860

216,288

205,243

216,846

201,839

206,920

183,500

188,673

175,190

167,171

167,361

164,329

148,237

Income from operations

16,915

8,361

11,112

21,702

32,400

-19,387

-2,083

24,973

38,848

-5,763

16,560

13,772

39,722

14,315

Interest expense, net

7,455

7,398

7,873

8,968

9,061

9,139

9,407

9,424

9,313

14,571

14,851

14,622

11,492

9,728

Debt issuance costs

-

-

-

-

-

-

-

-

-

1,825

0

0

2,702

0

Loss on extinguishment of debt

-

-

-9,786

-

-

-

0

-

-

-

-

-

-

-

Earnings before income taxes

9,460

963

-6,547

12,734

23,339

-28,726

-11,490

15,549

29,535

-22,159

1,709

-850

25,528

4,587

Income tax provision (benefit)

-282

-2,957

-7,739

2,477

5,910

-10,286

-16,661

3,082

5,080

-48,177

163

646

8,458

1,561

Net income

9,742

3,920

1,192

10,257

17,429

-18,440

5,171

12,467

24,455

26,018

1,546

-1,496

17,070

3,026

Earnings per share:
Basic (in usd per share)

0.12

0.05

0.02

0.13

0.22

-0.26

0.07

0.17

0.33

0.42

0.03

-0.03

0.30

0.05

Diluted (in usd per share)

0.12

0.05

0.01

0.13

0.21

-0.23

0.06

0.16

0.31

0.41

0.03

-0.03

0.29

0.05

Weighted average shares outstanding:
Basic (shares)

80,129

79,435

78,474

78,318

78,205

77,515

76,118

75,249

74,714

70,491

56,414

56,414

56,261

56,211

Diluted (shares)

82,242

82,281

81,561

81,424

81,466

80,759

79,710

77,858

77,837

75,333

58,459

56,414

57,934

57,170

Comprehensive income:
Net income

9,742

3,920

1,192

10,257

17,429

-18,440

5,171

12,467

24,455

26,018

1,546

-1,496

17,070

3,026

Tax provision (benefit) of unrealized gain (loss) on hedge instruments

-2,256

381

175

-576

-326

-

580

861

-

-

872

96

-

-

Unrealized gain (loss) on hedge instruments

-8,858

1,488

681

-2,246

-1,273

-2,354

2,267

3,359

6,216

5,437

2,255

251

-330

-663

Tax provision (benefit) of unrealized gain (loss) on hedge instruments

-2,256

381

175

-576

-326

-603

580

861

1,592

2,083

872

96

-126

-261

Comprehensive income

3,140

5,027

1,698

8,587

16,482

-20,191

6,858

14,965

29,079

29,372

2,929

-1,341

16,866

2,624

Products
Total net revenue

392,841

329,654

355,789

357,533

383,160

292,115

319,312

319,408

338,777

262,121

283,648

276,960

306,584

246,638

Total costs applicable to revenue

156,370

130,175

144,518

145,654

154,004

121,846

130,951

127,731

130,878

106,979

115,752

112,314

121,033

99,096

Services and plans
Total net revenue

76,863

72,109

76,113

71,918

78,055

63,807

68,113

66,124

69,198

59,698

62,441

60,581

63,275

54,578

Total costs applicable to revenue

62,184

57,367

59,984

56,852

57,965

51,624

51,637

49,328

49,576

45,413

46,606

44,094

44,775

39,568