| IPO Company Profile |
| Current Quote | News | SEC Filings | Peer IPO Companies |
| Columbia Sportswear Company |
| 6600 North Baltimore, Portland, OR 97203 * (503) 286-3676 |
| Columbia Sportswear Company is a global leader in the design, manufacture, marketing and distribution of active outdoor apparel. |
| Manager | Tier | Phone |
| Goldman, Sachs & Co. | Lead Manager | (212) 902-5959 |
| Nationsbanc Montgomery Securities, Inc. | Co-manager | (415) 627-2100 |
| PaineWebber Incorporated | Co-manager | (212) 713-2626 |
| NASNTL: | COLM | Wholesale: | SIC 5136 | |
| Type of Shares: | Common Shares | Filing Date: | 12/24/97 | |
| U.S. Shares: | 5,600,000 | Offer Date: | 3/27/98 | |
| Non-U.S. Shares: | 0 | Filing Range: | $15.00 - $17.00 | |
| Primary Shares: | 5,600,000 | Offer Price: | $18.00 | |
| Secondary Shares: | 0 | Gross Spread: | $0.00 | |
| Offering Amount: | $89,600,000 | Selling: | $0.00 | |
| Expenses: | $700,000 | Reallowance: | $0.00 | |
| Post-IPO Shares: | 28,585,348 |
| Issuer's Law Firm: | Stoel Rives Boley Jones & Grey |
| Bank's Law Firm: | Sullivan & Cromwell |
| Auditor: | Deloitte & Touche |
Dollar amounts in U.S. millions except for per share data | |||||
| 9 Month Ending Financials | |||||
| Full Year Audited Income | Latest Unaudited Income | Prior Audited Income | Balance Sheet | ||
| 12/31/96 | 9/30/97 | 9/30/96 | 9/30/97 | ||
| Revenue: | $298.99 | $258.32 | $226.24 | Assets: | $259.07 |
| Net Income: | $13.49 | $20.12 | $14.26 | Curr Assets: | $217.43 |
| EPS: | $0.47 | $0.70 | Liabilities: | $146.81 | |
| Prior EPS: | Curr Liab: | $143.95 | |||
| Cash Flow/Oper: | $66.81 | -$44.29 | $4.56 | Equity: | $112.26 |
| Cash Flow/Fin: | -$53.66 | $54.71 | $3.44 | Cash: | $5.06 |
| Cash Flow/Inv: | -$10.93 | -$8.51 | -$4.34 | Working Cap: | $73.47 |
| Competition |
| The markets for outerwear, sportswear and rugged footwear are highly competitive. Within each of its geographic markets, the Company faces significant competition from global and regional branded apparel and footwear companies, as well as retailers that market apparel and footwear under their own labels. These and other competitors pose significant challenges to the Company's market share in its major U.S. and Canadian markets and make it more difficult to make gains in newer markets in Europe and Asia. The Company also competes with other apparel and footwear companies for the production capacity of independent manufacturers that produce the Company's apparel and for import quota capacity. See "--Dependence on Independent Manufacturers" and "Business--Business Process--Sourcing and Manufacturing." Many of the Company's competitors are significantly larger and have substantially greater financial, distribution, marketing and other resources and have achieved greater recognition for their brand names for product lines or certain products than the Company. Increased competition by existing and future competitors could result in reductions in display areas in retail locations, reductions in sales or reductions in prices of the Company's products. There is no assurance that the Company will be able to compete successfully against present or future competitors or that competitive pressures faced by the Company will not have a material adverse effect on the Company. |
| Business Plan |
| As part of its growth strategy, the Company seeks to develop existing merchandise categories and increase international distribution, including in countries where the Company has little distribution experience and where the Company's brand name is not well-known. There is no assurance that these strategies will be successful. The Company also intends to increase its sales of products to department stores and expand the number of concept shops located within retailers. Increasing sales to department stores, and the actual number of concept shops to be opened and their success, will each depend on various factors, including strength of the Company's brand name, competitive conditions, the ability of the Company to manage the increased sales and concept shop expansion, the availability of desirable locations and the negotiation of terms with the department stores and the retailers in which the concept shops are located. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for payment of an S Corporation dividend to current shareholders. |