SDC · Smiledirectclub, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Revenue | - | $470.74M | $656.78M | - | - |
| Cost of Revenue | - | $142.89M | $177.60M | $206.85M | $64.01M |
| Gross Profit | - | $327.85M | $460.01M | $449.93M | $289.27M |
| R&D | - | - | - | - | - |
| SG&A | - | $278.78M | $325.57M | $311.98M | $48.20M |
| Total Operating Expenses | - | - | - | - | - |
| D&A | - | $74.39M | $56.39M | $8.86M | $2.51M |
| Operating Income | - | ($262.11M) | ($259.28M) | ($217.46M) | ($30.50M) |
| Interest Expense | - | - | - | - | - |
| Income Tax | - | ($642.0K) | $1.27M | $3.12M | $2.27M |
| Net Income | - | ($86.40M) | ($102.44M) | ($78.37M) | ($32.78M) |
| EPS - Basic | - | ($0.71) | ($0.87) | ($0.71) | - |
| EPS - Diluted | - | ($0.71) | ($0.87) | ($0.72) | - |
Balance Sheet
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Cash & Equivalents | $86.25M | $118.40M | $224.86M | $316.72M | $6.40M |
| Accounts Receivable | $135.71M | $143.08M | $184.56M | $221.97M | $239.41M |
| Inventory | $40.03M | $44.39M | $40.80M | $29.25M | $18.43M |
| Accounts Payable | $34.88M | $30.51M | $19.92M | $36.85M | $52.71M |
| Current Assets | $251.59M | $297.42M | $467.74M | $580.78M | $590.49M |
| Total Assets | $545.61M | $597.06M | $794.56M | $884.79M | $885.64M |
| Current Liabilities | $112.24M | $116.80M | $178.24M | $186.54M | $206.86M |
| Long-term Debt | $860.20M | $849.38M | $729.97M | $392.94M | $173.15M |
| Total Liabilities | $987.48M | $982.26M | $928.91M | $650.65M | $427.36M |
| Stockholders' Equity | ($441.87M) | ($385.20M) | ($134.35M) | $234.14M | $458.29M |
| Retained Earnings | ($403.14M) | ($381.73M) | ($295.32M) | ($192.88M) | ($114.51M) |
Cash Flow
| Line item | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | ($158.17M) | ($141.52M) | ($83.57M) | ($30.27M) |
| Investing Cash Flow | - | ($52.00M) | ($106.57M) | ($97.14M) | ($10.03M) |
| Financing Cash Flow | - | $103.45M | $155.72M | $178.97M | $37.97M |
| CapEx | - | $52.00M | $106.57M | $97.14M | $6.59M |
| Free Cash Flow | - | ($210.17M) | ($248.09M) | ($180.71M) | ($36.86M) |
Ratios
| Metric | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | - | 69.6% | 70.0% | - | - |
| Operating margin | - | -55.7% | -39.5% | - | - |
| EBITDA margin | - | -39.9% | -30.9% | - | - |
| Net margin | - | -18.4% | -15.6% | - | - |
| Free cash flow margin | - | -44.6% | -37.8% | - | - |
| FCF / Net income | - | 2.43 | 2.42 | 2.31 | 1.12 |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | - | 59.2% | 49.6% | - | - |
| Effective tax rate | - | - | - | - | - |
| Return on assets | - | -14.5% | -12.9% | -8.9% | -3.7% |
| Return on equity | - | 22.4% | 76.2% | -33.5% | -7.2% |
| Return on invested capital | - | -44.6% | -34.4% | -27.4% | -3.8% |
| Liquidity | |||||
| Current ratio | 2.24 | 2.55 | 2.62 | 3.11 | 2.85 |
| Quick ratio | 1.88 | 2.17 | 2.40 | 2.96 | 2.77 |
| Cash ratio | 0.77 | 1.01 | 1.26 | 1.70 | 0.03 |
| Leverage | |||||
| Debt / Equity | -1.95 | -2.21 | -5.43 | 1.68 | 0.38 |
| Debt / Assets | 1.58 | 1.42 | 0.92 | 0.44 | 0.20 |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | - | - | - | - | - |
| Equity multiplier | -1.23 | -1.55 | -5.91 | 3.78 | 1.93 |
| Liabilities / Assets | 1.81 | 1.65 | 1.17 | 0.74 | 0.48 |
| Efficiency | |||||
| Asset turnover | - | 0.79 | 0.83 | - | - |
| Inventory turnover | - | 3.22 | 4.35 | 7.07 | 3.47 |
| Days sales outstanding | - | 111d | 103d | - | - |
| Days inventory outstanding | - | 113d | 84d | 52d | 105d |
| Days payable outstanding | - | 78d | 41d | 65d | 301d |
| Cash conversion cycle | - | 146d | 145d | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | - | -28.3% | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | - | -28.7% | 2.2% | 55.5% | - |
| Operating income growth (YoY) | - | -1.1% | -19.2% | -612.9% | - |
| Net income growth (YoY) | - | 15.7% | -30.7% | -139.1% | - |
| EPS growth (YoY) | - | 18.4% | -20.8% | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | - | 15.3% | -37.3% | -390.3% | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | -14.7% | -186.7% | - | -48.9% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$637.61M totalNorth America Excluding Mexico$525.37M · 82.4%
Rest Of The World Excluding United States And Mexico$112.25M · 17.6%
Stability scores
Piotroski F-score
FY 2023 · 9-point quality
0/9
Weak
- -Net income positive
- -Operating cash flow positive
- -ROA improved YoY
- -Cash flow > net income
- ✗Long-term debt decreased
- ✗Current ratio improved
- -No share dilution
- -Gross margin improved
- -Asset turnover improved
Peer comparison
Same SIC group: Dental Equipment & Supplies
Comparing SmileDirectClub against the 5 most active filers in the same SIC group.