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The Guitar Center, Inc. is a privately-held distributor of guitars, amplifiers, keyboards, and instrumental accessories from its locations across the country. The company carries a wide range of different brand names such as Fender, Gibson, Yamaha, Shure, and Line 8, in addition to in-house brands Raven, Laguna, and Harbinger. Founded in 1959 by Wayne Mitchell, The Guitar Center is headquartered in Westlake Village, California.
| Company Tags: | PE Backed |
| Year Founded: | 1959 |
| Fiscal Year End: | 12/31 |
| 1YR Revenue Growth Rate: | View % |
| 3YR Revenue Growth Rate (CAGR): | View % |
| 1YR Employee Growth Rate: | View % |
| 3YR Employee Growth Rate (CAGR): | View % |
| City: | Westlake Village |
| State/Province: | California |
| Country: | United States |
| Phone: | View |
| Fax: | View |
| Website: | www.guitarcenter.com |
| Brands: | Laguna Raven Harbinger |
| Consumer Products > Musical Equipment & Instruments > Guitar Manufacturers |
| Retail > Hobby & Recreation Supplies Retail > Musical Instrument & Equipment Retail |
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Export All Guitar Center, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide Access| Income Statement | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Net Sales Revenue | View | View | View | View | View | $1,782,499,000 | $1,513,172,000 | $1,275,059,000 | $1,100,889,000 | $949,284,000 | $794,786,000 | $620,081,000 | $485,714,000 | $367,353,000 | ||
| Cost of Goods Sold | View | View | View | View | $1,262,097,000 | $1,087,899,000 | $931,014,000 | $810,474,000 | $702,310,000 | $589,864,000 | $456,797,000 | $353,487,000 | $262,363,000 | |||
| Gross Profit | View | View | View | View | View | $520,402,000 | $425,273,000 | $344,045,000 | $290,415,000 | $246,974,000 | $204,922,000 | $163,284,000 | $132,227,000 | $104,990,000 | ||
| Selling, General and Administrative Expenses | View | View | View | View | $388,380,000 | $317,585,000 | $271,996,000 | $236,537,000 | $200,748,000 | $156,698,000 | $128,416,000 | $108,449,000 | $74,587,000 | |||
| Impairment of Goodwill | View | View | View | View | $0 | $0 | ||||||||||
| Other Impairment of Intangible Assets | View | View | View | |||||||||||||
| Operating Expense - Other | $4,674,000 | $0 | $755,000 | |||||||||||||
| Operating Income (Loss) | View | View | View | View | View | $132,022,000 | $107,688,000 | $72,049,000 | $53,878,000 | $46,226,000 | $48,224,000 | $30,194,000 | $23,778,000 | $29,648,000 | ||
| Other Interest Expense | $13,077,000 | $13,411,000 | $12,466,000 | $11,235,000 | $10,844,000 | $9,892,000 | ||||||||||
| Interest Expense | View | View | View | View | $7,339,000 | $5,390,000 | $12,540,000 | |||||||||
| Interest Income | View | View | View | |||||||||||||
| Gain/(Loss) on Disposition of Property | View | $0 | $0 | |||||||||||||
| Gain/(Loss) on Investments | ($3,539,000) | $0 | $0 | |||||||||||||
| Non-operating Income - Other | $324,000 | $637,000 | ||||||||||||||
| Non-operating Income/(Expense) | ($16,950,000) | ($12,466,000) | ($11,235,000) | |||||||||||||
| Income/(Loss) from Continuing Operations Before Income Taxes | View | View | View | View | $124,683,000 | $102,298,000 | $59,509,000 | $40,801,000 | $29,276,000 | $35,758,000 | ||||||
| Income Loss Continuing Operations Before Income Taxes Extraordinary Items and cumulative effect of change in accounting principl | $20,393,000 | |||||||||||||||
| Income Loss Continuing Operations Before Income Taxes Effect Accounting Change | $18,959,000 | $13,258,000 | ||||||||||||||
| Provision for Income Taxes | View | View | View | View | $48,005,000 | $38,873,000 | $22,649,000 | $15,545,000 | $12,243,000 | $13,304,000 | ($391,000) | ($3,155,000) | ($2,833,000) | |||
| Income/(Loss) Before Extraordinary Items and Cumulative Effect of Change in Accounting Principle | $23,226,000 | |||||||||||||||
| Extraordinary Items, Net of Tax Effect | ($2,739,000) | |||||||||||||||
| Income/(Loss) Before Cumulative Effect of Change in Accounting Principle | $19,350,000 | $16,413,000 | ||||||||||||||
| Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | ($1,074,000) | $0 | $0 | |||||||||||||
| Net Income (Loss) | View | View | View | View | $76,678,000 | $63,425,000 | $36,860,000 | $25,256,000 | $17,033,000 | $22,454,000 | $18,276,000 | $16,413,000 | $20,487,000 |
| Balance Sheet | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
| Cash - Unrestricted | View | View | $17,480,000 | |||||||||||
| Cash and Cash Equivalents | View | $14,529,000 | $60,453,000 | $5,350,000 | $5,931,000 | $12,934,000 | $6,773,000 | $472,000 | ||||||
| Current Marketable Securities | $3,810,000 | $0 | ||||||||||||
| Net Accounts Receivable Trade | View | View | View | $40,844,000 | $27,627,000 | $23,814,000 | $19,762,000 | $19,243,000 | $20,490,000 | $14,127,000 | $13,614,000 | |||
| Inventories - Finished Goods | View | View | View | $445,771,000 | $314,961,000 | $288,873,000 | $292,075,000 | $249,685,000 | $199,287,000 | $126,957,000 | ||||
| Net Inventories | $160,571,000 | |||||||||||||
| Current Deferred Income Taxes | View | View | View | $13,492,000 | $5,552,000 | $5,631,000 | $6,077,000 | $4,744,000 | $5,931,000 | $11,918,000 | $6,672,000 | |||
| Prepaid Expenses | View | View | View | $15,533,000 | $13,367,000 | $11,543,000 | $8,626,000 | $6,404,000 | $5,148,000 | $3,388,000 | $3,324,000 | |||
| Current Other Assets | $2,850,000 | |||||||||||||
| Current Assets | View | View | View | $530,169,000 | $425,770,000 | $335,211,000 | $332,471,000 | $297,556,000 | $243,790,000 | $196,777,000 | $153,889,000 | |||
| Net Property, Plant and Equipment | View | View | View | $149,209,000 | $97,349,000 | $93,347,000 | $89,702,000 | $81,056,000 | $68,658,000 | $58,174,000 | $42,410,000 | |||
| Noncurrent Marketable Securities | $16,997,000 | $0 | ||||||||||||
| Goodwill | View | View | View | $85,929,000 | $26,474,000 | $25,995,000 | $25,995,000 | $21,032,000 | $5,367,000 | $4,448,000 | $4,618,000 | |||
| Net Finite-Lived | View | View | View | $9,142,000 | ||||||||||
| Noncurrent Deferred Tax Assets | $555,000 | $3,759,000 | ||||||||||||
| Deposits Assets Noncurrent | $8,003,000 | $6,318,000 | $4,231,000 | $5,040,000 | $7,754,000 | $6,897,000 | $3,382,000 | |||||||
| Noncurrent Other Assets | View | View | View | $5,741,000 | ||||||||||
| Assets | View | View | View | $780,190,000 | $574,593,000 | $460,871,000 | $452,399,000 | $404,684,000 | $325,569,000 | $266,851,000 | $208,058,000 | |||
| Accounts Payable | View | View | View | $61,015,000 | $49,771,000 | $47,778,000 | $70,745,000 | $78,287,000 | $72,301,000 | $41,133,000 | $35,152,000 | |||
| Accrued Expenses | View | View | View | $106,181,000 | $83,606,000 | $71,616,000 | $54,211,000 | $38,834,000 | $30,580,000 | $23,446,000 | $15,934,000 | |||
| Current Customer Advances and Deposits | View | View | View | $25,127,000 | $22,534,000 | $17,104,000 | $13,882,000 | $12,780,000 | $10,512,000 | $8,455,000 | $7,147,000 | |||
| Current Line of Credit | View | $32,266,000 | $0 | $82,690,000 | $76,904,000 | $35,868,000 | $42,770,000 | $20,850,000 | ||||||
| Bank Overdrafts | View | $18,482,000 | ||||||||||||
| Current Portion of Other Long Term Debt | View | View | $118,000 | $638,000 | $495,000 | $437,000 | $527,000 | |||||||
| Current Liabilities | View | View | View | $243,071,000 | $155,911,000 | $136,498,000 | $221,646,000 | $207,443,000 | $149,756,000 | $116,241,000 | $79,610,000 | |||
| Long-Term Debt | View | View | View | $100,000,000 | $100,000,000 | $100,000,000 | $66,782,000 | $66,924,000 | $67,420,000 | $68,221,000 | $80,663,000 | |||
| Noncurrent Amounts Due To Other Related Parties | View | View | ||||||||||||
| Commitments and Contingencies | View | View | ||||||||||||
| Minority Interest | View | $0 | ||||||||||||
| Deferred Tax Liability | View | View | View | $20,307,000 | $5,057,000 | $4,220,000 | $3,352,000 | $2,733,000 | $2,160,000 | $0 | ||||
| Noncurrent Other Liabilities | View | View | View | $11,995,000 | $6,943,000 | $5,982,000 | $5,691,000 | $3,716,000 | $2,770,000 | $2,070,000 | $1,570,000 | |||
| Liabilities | View | View | View | $375,373,000 | $267,911,000 | $246,700,000 | $297,471,000 | $280,816,000 | $222,106,000 | $186,532,000 | $161,843,000 | |||
| Preferred Stock - Value (Excluding Additional Paid in Capital) | View | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |||||
| Common Stock - Value (Excluding Additional Paid in Capital) | View | View | View | $261,000 | $254,000 | $240,000 | $227,000 | $223,000 | $221,000 | $221,000 | $201,000 | |||
| Additional Paid in Capital | View | View | View | $326,755,000 | $305,305,000 | $276,233,000 | $253,863,000 | $248,063,000 | $244,693,000 | $244,003,000 | $228,195,000 | |||
| Retained Earnings | View | View | View | $77,801,000 | $1,123,000 | ($62,302,000) | ($99,162,000) | ($124,418,000) | ($141,451,000) | ($163,905,000) | ($182,181,000) | |||
| Other Accumulated Comprehensive Income, Net of Tax Effect | View | View | ||||||||||||
| Stockholders' Equity | View | View | View | $404,817,000 | $306,682,000 | $214,171,000 | $154,928,000 | $123,868,000 | $103,463,000 | $80,319,000 | $46,215,000 | |||
| Liabilities and Stockholders' Equity | View | View | View | $780,190,000 | $574,593,000 | $460,871,000 | $452,399,000 | $404,684,000 | $325,569,000 | $266,851,000 | $208,058,000 |
| Cash Flow Statement | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 |
| Operating Activities Beginning Net Income | View | View | View | View | $76,678,000 | $63,425,000 | $36,860,000 | $25,256,000 | $17,033,000 | $22,454,000 | $18,276,000 | $16,413,000 | $20,487,000 | ||
| Amortization | View | View | View | View | $1,045,000 | $1,045,000 | $938,000 | $664,000 | $556,000 | $408,000 | $240,000 | $240,000 | $1,363,000 | ||
| Depreciation and Amortization | View | View | View | View | $29,000,000 | $22,304,000 | $20,620,000 | $16,860,000 | $15,006,000 | $11,043,000 | $8,252,000 | $4,993,000 | $3,449,000 | ||
| Asset Impairment Charges | View | View | View | View | $0 | $0 | |||||||||
| Gain/(Loss) on Sale/Retirement of Property, Plant and Equipment | $0 | ($384,000) | ($16,000) | ($13,000) | |||||||||||
| Tax Benefit from Exercise of Stock Options | View | ($7,591,000) | ($9,756,000) | ($4,091,000) | $0 | $0 | ($427,000) | $0 | |||||||
| Adjustment for Equity Based Compensation Expense | View | View | View | ||||||||||||
| Total Adjustment Employee Compensation | View | $0 | $0 | ||||||||||||
| Adjustment Write Off of Other | $722,000 | $0 | $4,131,000 | $0 | $0 | ||||||||||
| Adjustments to Gains/(Losses) on Sale of Investments | ($324,000) | ||||||||||||||
| Adjustment Property Plant Equipment | View | View | View | View | $1,849,000 | $0 | $0 | ($535,000) | |||||||
| Deferred Income Taxes | View | View | View | View | ($5,476,000) | $916,000 | $1,314,000 | ($1,564,000) | $1,760,000 | $8,702,000 | ($2,041,000) | ($5,431,000) | ($5,000,000) | ||
| Adjustments to Cumulative Effect of a Change in Accounting Principle, Net of Tax Effect | ($1,652,000) | $0 | $0 | ||||||||||||
| Noncash Expenses - Other | View | View | View | ||||||||||||
| Change Accounts Receivable | View | View | View | View | $7,415,000 | $3,341,000 | $4,052,000 | ($231,000) | ($3,204,000) | $6,363,000 | $513,000 | ($4,134,000) | $9,156,000 | ||
| Increase/(Decrease) in Inventories | View | View | View | View | $74,188,000 | $24,281,000 | ($3,220,000) | $37,947,000 | $30,869,000 | $37,457,000 | $33,614,000 | $35,080,000 | $27,972,000 | ||
| Change Deposit Other Assets | $657,000 | $124,000 | $2,772,000 | ||||||||||||
| Change Prepaid Expenses Other Current Assets | View | View | View | View | $862,000 | $1,824,000 | $3,015,000 | ||||||||
| Change Prepaid Expenses Other Assets | $2,917,000 | $1,747,000 | $910,000 | $1,689,000 | $601,000 | $1,331,000 | |||||||||
| Increase/(Decrease) in Other Non-operating Assets | View | View | View | View | $733,000 | $2,869,000 | $1,409,000 | $2,569,000 | $123,000 | $174,000 | |||||
| Increase/(Decrease) in Accounts Payable | View | View | View | View | $4,560,000 | $23,061,000 | ($22,967,000) | ($7,896,000) | ($1,445,000) | $31,168,000 | $5,981,000 | $6,979,000 | $11,209,000 | ||
| Increase/(Decrease) in Accrued Expenses | View | View | View | View | $19,397,000 | $11,990,000 | $17,320,000 | $15,059,000 | $7,587,000 | $4,740,000 | $7,512,000 | ($3,229,000) | $6,694,000 | ||
| Change Customer Advance | View | View | View | View | ($1,705,000) | $5,430,000 | $3,222,000 | $1,097,000 | $2,268,000 | $2,057,000 | $1,308,000 | $3,230,000 | $1,169,000 | ||
| Increase/(Decrease) in Other Current Liabilities | View | $11,655,000 | ($21,067,000) | ||||||||||||
| Increase/(Decrease) in Other Non-operating Liabilities | View | View | View | View | $4,314,000 | $961,000 | $291,000 | $1,975,000 | $946,000 | $700,000 | $500,000 | $553,000 | $547,000 | ||
| Net Cash Flows Provided By/(Used In) Operating Activities | View | View | View | View | $65,710,000 | $85,506,000 | $58,005,000 | $12,248,000 | $16,511,000 | $34,367,000 | $4,383,000 | ($8,549,000) | ($934,000) | ||
| Purchase of Property, Plant and Equipment | View | View | View | View | $75,493,000 | $26,151,000 | $24,245,000 | $26,309,000 | $24,697,000 | $17,862,000 | $19,768,000 | $21,678,000 | $12,648,000 | ||
| Purchase of Available-for-Sale Securities | View | $27,305,000 | $20,807,000 | $0 | $0 | ||||||||||
| Purchase Interest in Unconsolidated Affiliates | $150,000 | $3,389,000 | $0 | $0 | |||||||||||
| Purchase Other Receivable | $41,000 | ||||||||||||||
| Proceeds from Available-for-Sale Securities | View | $47,460,000 | $0 | $0 | |||||||||||
| Acquisition of Businesses, Net of Cash Acquired | View | $102,428,000 | $2,775,000 | $0 | $5,932,000 | $28,482,000 | $0 | $0 | $1,058,000 | $10,300,000 | |||||
| Purchase Intangible Assets | View | View | View | ||||||||||||
| Proceeds from Sale of Property, Plant and Equipment | View | View | View | View | $0 | $0 | $16,000 | $0 | $0 | $733,000 | $893,000 | ||||
| Net Cash Flows Provided By/(Used In) Investing Activities | View | View | View | View | ($157,766,000) | ($49,733,000) | ($24,245,000) | ($32,241,000) | ($53,313,000) | ($21,251,000) | ($19,768,000) | ($22,003,000) | ($22,096,000) | ||
| Proceeds from Lines of Credit | View | $32,266,000 | $0 | ||||||||||||
| Net Change Line Credit | ($82,690,000) | $5,786,000 | $41,036,000 | ($6,902,000) | $21,920,000 | $18,850,000 | ($1,536,000) | ||||||||
| Increase/(Decrease) in Short-Term Borrowings | View | View | View | ||||||||||||
| Proceeds from Senior Debt | $96,875,000 | $0 | $0 | ||||||||||||
| Proceeds from Related Party Debt | $3,142,000 | $0 | |||||||||||||
| Reduction of Capital Lease Obligations | $151,000 | $798,000 | $968,000 | $743,000 | $442,000 | $0 | $0 | ||||||||
| Repayments from Senior Debt | $33,333,000 | ||||||||||||||
| Repayments of Other Long-Term Debt | $66,667,000 | $0 | $0 | ||||||||||||
| Repayments of Long-Term Debt and Capital Securities | View | View | View | ||||||||||||
| Net Change Notes Payable | $4,147,000 | ||||||||||||||
| Excess Tax Benefit Stock Option Exercised | View | $0 | $0 | ||||||||||||
| Financing Costs | View | View | View | ||||||||||||
| Proceeds from Stock Options Exercised | View | $11,834,000 | $17,795,000 | $17,383,000 | $2,438,000 | $1,280,000 | $690,000 | $208,000 | $860,000 | $98,000 | |||||
| Net Proceeds from Stock Plans | View | $2,032,000 | $1,535,000 | $909,000 | $1,018,000 | $0 | $0 | $310,000 | |||||||
| Proceeds Issuance Initial Public Offering | $107,036,000 | ||||||||||||||
| Repurchase of Preferred Stock | $22,963,000 | ||||||||||||||
| Repurchase of Warrants | $98,000 | $0 | |||||||||||||
| Repurchase of Other Equity | $18,417,000 | ||||||||||||||
| Payment of Dividends | $100,000 | $6,000,000 | |||||||||||||
| Cash Provided by/(Used in) Financing Activities - Other | View | View | View | View | $0 | $0 | |||||||||
| Net Cash Flows Provided By/(Used In) Financing Activities | View | View | View | View | $46,132,000 | $19,330,000 | ($34,341,000) | $8,444,000 | $41,348,000 | ($6,955,000) | $21,686,000 | $22,654,000 | $29,342,000 | ||
| Increase/(Decrease) in Cash and Cash Equivalents | View | View | View | View | ($45,924,000) | $55,103,000 | ($581,000) | ($11,549,000) | $4,546,000 | $6,161,000 | $6,301,000 | ($7,898,000) | $6,312,000 | ||
| Cash and cash equivalents at the beginning of the year | View | View | View | View | $60,453,000 | $5,350,000 | $5,931,000 | $17,480,000 | $12,934,000 | $6,773,000 | $472,000 | $8,370,000 | $2,058,000 | ||
| Total Cash and cash equivalents at the end of the year | View | View | View | View | $14,529,000 | $60,453,000 | $5,350,000 | $5,931,000 | $17,480,000 | $12,934,000 | $6,773,000 | $472,000 | $8,370,000 | ||
| Income Taxes Paid | View | View | View | $15,931,000 | $17,798,000 | $7,315,000 | $2,603,000 | $1,146,000 | $626,000 | $1,146,000 | |||||
| Cash Interest Expense | View | View | View | $12,808,000 | $11,953,000 | $12,068,000 | $12,061,000 | $11,001,000 | $9,997,000 | $14,902,000 | |||||
| Conversion of Debt Securities | $13,870,000 | $0 | $0 | ||||||||||||
| Fair Value of Assets Acquired | $4,774,000 | $22,628,000 | $1,256,000 | $0 | |||||||||||
| Stock Issued | $0 | $0 | $0 | $0 | $0 | $0 | |||||||||
| Liabilities Assumed | ($1,515,000) | ($8,511,000) | ($2,391,000) | $0 | |||||||||||
| Supplemental Other Net | View | View | View | $5,021,000 | $17,208,000 | $1,135,000 | $2,640,000 | $0 | $0 |
| Financial Notes: | |
| * | Guitar Center, Inc. fiscal year end: 12/31 |
| 1 | Of these locations across 43... read more. |
Export All Guitar Center, Inc. Financials To Excel
$99 Single Company AccessInstant Full Site-Wide AccessGuitar Center, Inc. Net Sales Revenue ($ MM): |
Guitar Center, Inc. Cost of Goods Sold ($ MM): |
Guitar Center, Inc. Gross Profit ($ MM): |
Guitar Center, Inc. Selling, General and Administrative Expenses ($ MM): |
Guitar Center, Inc. Impairment of Goodwill ($ MM): |
Guitar Center, Inc. Other Impairment of Intangible Assets ($ MM): |
Guitar Center, Inc. Operating Income (Loss) ($ MM): |
Guitar Center, Inc. Interest Expense ($ MM): |
Guitar Center, Inc. Interest Income ($): |
Guitar Center, Inc. Gain/(Loss) on Disposition of Property ($ MM): |
Guitar Center, Inc. Income/(Loss) from Continuing Operations Before Income Taxes ($ MM): |
Guitar Center, Inc. Provision for Income Taxes ($ MM): |
Guitar Center, Inc. Net Income (Loss) ($ MM): |
Guitar Center, Inc. Cash - Unrestricted ($ MM): |
Guitar Center, Inc. Cash and Cash Equivalents ($ MM): |
Guitar Center, Inc. Net Accounts Receivable Trade ($ MM): |
Guitar Center, Inc. Inventories - Finished Goods ($ MM): |
Guitar Center, Inc. Current Deferred Income Taxes ($ MM): |
Guitar Center, Inc. Prepaid Expenses ($ MM): |
Guitar Center, Inc. Current Assets ($ MM): |
Guitar Center, Inc. Net Property, Plant and Equipment ($ MM): |
Guitar Center, Inc. Goodwill ($ MM): |
Guitar Center, Inc. Net Finite-Lived ($ MM): |
Guitar Center, Inc. Noncurrent Other Assets ($ MM): |
Guitar Center, Inc. Assets ($ MM): |
Guitar Center, Inc. Accounts Payable ($ MM): |
Guitar Center, Inc. Accrued Expenses ($ MM): |
Guitar Center, Inc. Current Customer Advances and Deposits ($ MM): |
Guitar Center, Inc. Current Line of Credit ($ MM): |
Guitar Center, Inc. Bank Overdrafts ($ MM): |
Guitar Center, Inc. Current Portion of Other Long Term Debt ($): |
Guitar Center, Inc. Current Liabilities ($ MM): |
Guitar Center, Inc. Long-Term Debt ($ MM): |
Guitar Center, Inc. Noncurrent Amounts Due To Other Related Parties ($ MM): |
Guitar Center, Inc. Minority Interest ($ MM): |
Guitar Center, Inc. Deferred Tax Liability ($ MM): |
Guitar Center, Inc. Noncurrent Other Liabilities ($ MM): |
Guitar Center, Inc. Liabilities ($ MM): |
Guitar Center, Inc. Common Stock - Value (Excluding Additional Paid in Capital) ($): |
Guitar Center, Inc. Additional Paid in Capital ($ MM): |
Guitar Center, Inc. Retained Earnings ($ MM): |
Guitar Center, Inc. Other Accumulated Comprehensive Income, Net of Tax Effect ($): |
Guitar Center, Inc. Stockholders' Equity ($ MM): |
Guitar Center, Inc. Liabilities and Stockholders' Equity ($ MM): |
Guitar Center, Inc. Operating Activities Beginning Net Income ($ MM): |
Guitar Center, Inc. Amortization ($ MM): |
Guitar Center, Inc. Depreciation and Amortization ($ MM): |
Guitar Center, Inc. Asset Impairment Charges ($ MM): |
Guitar Center, Inc. Tax Benefit from Exercise of Stock Options ($ MM): |
Guitar Center, Inc. Adjustment for Equity Based Compensation Expense ($ MM): |
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Guitar Center, Inc. Net Cash Flows Provided By/(Used In) Operating Activities ($ MM): |
Guitar Center, Inc. Purchase of Property, Plant and Equipment ($ MM): |
Guitar Center, Inc. Purchase of Available-for-Sale Securities ($ MM): |
Guitar Center, Inc. Proceeds from Available-for-Sale Securities ($ MM): |
Guitar Center, Inc. Acquisition of Businesses, Net of Cash Acquired ($ MM): |
Guitar Center, Inc. Purchase Intangible Assets ($): |
Guitar Center, Inc. Proceeds from Sale of Property, Plant and Equipment ($ MM): |
Guitar Center, Inc. Net Cash Flows Provided By/(Used In) Investing Activities ($ MM): |
Guitar Center, Inc. Proceeds from Lines of Credit ($ MM): |
Guitar Center, Inc. Increase/(Decrease) in Short-Term Borrowings ($ MM): |
Guitar Center, Inc. Repayments of Long-Term Debt and Capital Securities ($ MM): |
Guitar Center, Inc. Excess Tax Benefit Stock Option Exercised ($ MM): |
Guitar Center, Inc. Financing Costs ($ MM): |
Guitar Center, Inc. Proceeds from Stock Options Exercised ($ MM): |
Guitar Center, Inc. Net Proceeds from Stock Plans ($ MM): |
Guitar Center, Inc. Cash Provided by/(Used in) Financing Activities - Other ($ MM): |
Guitar Center, Inc. Net Cash Flows Provided By/(Used In) Financing Activities ($ MM): |
Guitar Center, Inc. Increase/(Decrease) in Cash and Cash Equivalents ($ MM): |
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Guitar Center, Inc. Supplemental Other Net ($ MM): |
Guitar Center, Inc. Total Employees: |
Guitar Center, Inc. Total Locations: |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Status | Target | Buyer | Deal Type | Price | |
| Details | Jun. 2007 | Completed | View | View | Acquisition Take Private | View |
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$99 Single Company AccessInstant Full Site-Wide Access| Date | Deal Type | Action | Resulting Status | Valuation | Amount Raised | Public Ticker | |
| Details | Mar. 1997 | IPO | Final (Went Public) | Public1 | $90,000,000 | GTRC | |
| Details | Jun. 2007 | View | View | View | View | View | View |
| 1 | Led by Goldman Sachs, Guitar Center goes public in March of 1997 and raises $90,000,000 - Details → |
$99 Single Company AccessInstant Full Site-Wide AccessBusiness Overview
Guitar Center, Inc. is the leading retailer of music products in the United States. It operate three businesses under the Guitar Center, direct response, and Music & Arts brands. Guitar Center brand offers guitars, amplifiers, percussion instruments, keyboards and professional audio and recording equipment through its retail stores and online, along with repair services and a limited number of rehearsal and lesson services. The direct-response brand offers catalog and online sales of a broad selection of music products under several owned or operated brand names, including Musician's Friend, Music123 and Woodwind & Brasswind. The Music & Arts division offers band and orchestra instruments for rental and sale, music lessons, and a limited selection of products offered by Guitar Center stores.
Guitar Center and Music & Arts brands are operated primarily out of Guitar Center Stores, Inc., the retail store subsidiary. The direct response segment is comprised primarily… Continue Reading →
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