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Boyds Collection, Ltd.
350 South Street, McSherrystown, PA 17344 * (717) 633-9898
Business Description The company is a leading domestic designer, importer and distributor of branded, high quality, hand-crafted collectibles and other specialty giftware products.
Offering
Information

Company has
gone public

Trading As  FOB (NYSE) Industry  Wholesale (SIC 5199)
Type of Stock Offered  Common Shares Filing Date  12/23/1998
Domestic Shares Offered  16,000,000 Offer Date  03/04/1999
Foreign Shares Offered  0 Filing Range  $18.00 - $20.00
Company Shares  9,250,000 Offer Price  $18.00
Selling Shrhldrs Shares  6,750,000 Gross Spread  - -
Gross Proceeds  $288,000,000 Selling  - -
Expenses  - - Reallowance  - -
Post-IPO Shares  61,838,246 Employees  - -
Primary
Underwriting
Group
Underwriter NameParticipationUnderwriter Phone
Donaldson, Lufkin & Jenrette Securities Corp. Lead Manager (212) 371-0641
Merrill Lynch & Co. Co-manager (212) 449-4600
Income
Statement
and
Cash Flow
Summary
  Prior
Audited
Income
Latest
Unaudited
Income
  Full Year Audited Figures 9 Months Ending
Figures in U.S. millions except per share data 12/31/1993 12/31/1994 12/31/1995 12/31/1996 12/31/1997 09/30/1997 09/30/1998
Revenues   18.233 34.833 70.147 98.365 129.841 90.727 139.965
Income from Oper.   9.898 19.786 41.625 59.416 79.206 55.930 86.077
Net Income   9.913 11.802 42.114 60.097 79.130 55.950 38.634
E.P.S   0.040 0.080 0.180 0.250 0.330 0.230 0.460
Revenue Growth (%)      91.04 101.38 40.23 31.999   54.27
Net Income Growth (%)      19.06 256.84 42.70 31.67   -30.95
Oper. Profit Margin (%)    54.29 56.80 59.34 60.40 61.00 61.50 61.65
Net Profit Margin (%)    54.37 33.88 60.04 61.10 60.94 27.60 61.67
Cash Flow - Oper.     69.77 46.83 59.40
Cash Flow - Inv.     -0.29 -0.20 -2.31
Cash Flow - Fin.     -64.35 -43.31 -59.98
Balance Sheet
Summary
and
Financial
Ratios
Balance sheet as of: 09/30/1998 Financial Ratios
Total Assets    303.95 Current Assets    51.07 Current Ratio    2.87
Total Liab.    478.32 Current Liab.    17.82 Debt Ratio    157.37%
Total Equity    -174.37 Working Cap.    33.25 Debt to Equity Ratio    -
Cash    8.33    Return on Assets   12.71%
Use Of
Proceeds
The proceeds from the proposed offering will be used to redeem 9% senior subordinated notes and to repay bank indebtedness.
Legal Counsel
Registrar
Auditor
Issuer's Law Firm  Simpson, Thacher & Bartlett
Bank's Law Firm  Latham & Watkins
Registrar/Transfer Agent  Bank of New York
Auditor  Deloitte & Touche
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Last updated: 09/29/1999 3:50:53 AM
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