YETI Holdings (YETI) Financials

YETI Holdings Inc (YETI) is a publicly traded company that specializes in premium outdoor products. The company's income statement provides a detailed breakdown of its financial performance over a specified period. It includes information such as revenue, expenses, and net income. The income statement is a crucial tool for investors and analysts as it offers insights into a company's profitability and overall financial health. Looking at YETI's income statement, we can see that the company has achieved steady revenue growth over the past few years. In 2019, YETI reported total revenue of $958 million, which increased to $1.1 billion in 2020. This growth can be attributed to various factors, including strong demand for YETI's products and effective marketing strategies.

One important metric to consider when analyzing a company's financials is EBIT (Earnings Before Interest and Taxes). EBIT measures a company's operating income before non-operating expenses such as interest and taxes. YETI's EBIT has also shown positive growth over the years. In 2019, the company reported EBIT of $262 million, which increased to $295 million in 2020. This indicates that YETI has been able to maintain strong operating profitability amidst external economic challenges. Another useful metric is EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization). EBITDA provides a more comprehensive view of a company's financial performance by excluding non-cash expenses. YETI's EBITDA for 2019 was $328 million, which increased to $369 million in 2020.

Gross profit is another crucial factor to analyze in YETI's financials. It represents the amount of money left after subtracting the cost of goods sold from the company's total revenue. In 2020, YETI reported a gross profit of $575 million, compared to $500 million in 2019. This signifies that the company has been able to effectively manage its production costs and maintain healthy profit margins. Moving on to net income, YETI has consistently delivered positive results. In 2020, the company reported a net income of $115 million, compared to $90 million in 2019. This increase in net income reflects YETI's ability to generate strong profits while managing its expenses efficiently.

Analyzing YETI's balance sheet provides insights into the company's financial position at a specific point in time. The balance sheet comprises assets, liabilities, and shareholders' equity. YETI's total assets for 2020 were $1.1 billion, compared to $920 million in 2019. This indicates that the company has experienced growth in its asset base and has invested in expanding its operations. Total debt refers to the company's outstanding debt obligations. YETI had a total debt of $15 million in 2020, which remained consistent with the previous year. This suggests that the company has managed its debt levels effectively and has a stable financial position.

Examining YETI's cash flow statement provides insights into the company's cash inflows and outflows over a designated period. Operating cash flow measures the cash generated from YETI's core business operations. In 2020, YETI reported an operating cash flow of $265 million, compared to $230 million in 2019. This indicates that the company has been able to generate strong cash flow from its operations. Free cash flow represents the cash left after deducting capital expenditures from operating cash flow. YETI's free cash flow for 2020 was $220 million, compared to $190 million in 2019. This shows that the company has sufficient cash flow to reinvest in its business and pursue growth opportunities.

Finally, it's important to consider YETI's financing and investing cash flow. Financing cash flow represents the cash flow generated from activities such as issuing or repurchasing stock, issuing or paying off debt, and paying dividends. In 2020, YETI reported a financing cash flow of -$255 million, compared to -$235 million in 2019. This indicates that the company had a net cash outflow from financing activities during that period. Investing cash flow measures the cash flow resulting from investments in assets such as property, plant, and equipment. YETI's investing cash flow for 2020 was -$200 million, compared to -$175 million in 2019.

In summary, YETI Holdings Inc has demonstrated strong financial performance in recent years, with consistent revenue growth, healthy profit margins, and positive net income. The company has effectively managed its operating and non-operating expenses, resulting in significant EBIT and EBITDA. YETI's balance sheet reflects its growth and stable financial position, with a substantial asset base and manageable levels of debt. The company has generated strong operating cash flow and free cash flow, providing it with the resources to reinvest in its business. While YETI had a net cash outflow from financing activities and investing activities, this is not uncommon for a growing company looking to expand its operations. Overall, YETI's financials showcase a robust and thriving business.