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  • Hoover's Online Report BuilderHollywood Entertainment Corporation (NASDAQ: HLYW)

    Copyright 2004, Hoover's, Inc.

    http://www.hoovers.com

  • Table of ContentsThe Basics...............................................................................................................................................................................1

    Key Numbers.............................................................................................................................................................1Financial Overview....................................................................................................................................................1Officers & Employees................................................................................................................................................2Board Members..........................................................................................................................................................2Industry Information..................................................................................................................................................2SIC Codes...................................................................................................................................................................2NAICS Codes.............................................................................................................................................................2Top Competitors.........................................................................................................................................................3All Competitors..........................................................................................................................................................3

    Biographies............................................................................................................................................................................4 Mark J. Wattles, Age 43............................................................................................................................................4 F. Bruce Giesbrecht, Age 44.....................................................................................................................................4 Timothy R. (Tim) Price, Age 45...............................................................................................................................5 Roger J. Osborne, Age 51.........................................................................................................................................5 Donald J. Ekman, Age 50.........................................................................................................................................5 James N. Cutler Jr., Age 51.......................................................................................................................................6 S. Douglas Glendenning, Age 46..............................................................................................................................6 William P. Zebe, Age 44...........................................................................................................................................6

    Overview................................................................................................................................................................................8

    History....................................................................................................................................................................................9

    Products/Operations...........................................................................................................................................................10

    Other Resources Available On Hoover's Online..............................................................................................................14Other Resources.......................................................................................................................................................14Related Products From Our Trusted Partners..........................................................................................................14

    Annual Financials................................................................................................................................................................15

    Quarterly Financials...........................................................................................................................................................17

    Historical Financials & Employees....................................................................................................................................20

    Market Data.........................................................................................................................................................................22

    Comparison Data.................................................................................................................................................................23

    Competitive Landscape.......................................................................................................................................................25

    Report Builder Hollywood Entertainment Corporation Hoover's Online

    i

  • The Basics

    9275 SW Peyton Ln.Wilsonville, OR 97070 (Map)http://www.hollywoodvideo.com

    Phone: 5035701600Fax: 5035701680

    Like a Shannon Tweed flick, Hollywood Entertainment hopes you'll skip the theaters and go straight to video. The #2 USvideo chain, behind Blockbuster, it runs about 1,900 Hollywood Video rental superstores in 47 states and the District ofColumbia. Hollywood Video stores also rent video games and game players, VCRs, DVDs, and audio books. Instorevideo game department Game Crazy (in about 600 stores) buys, sells, and trades used and new game software, hardware,and accessories. The stores are primarily located in strip malls or other hightraffic locales. Stung by losses from itsReel.com ecommerce unit, the company handed over sales operations to Amazon.com, while continuing to provide thesite's content.

    Key Numbers

    Company Type Public (NASDAQ: HLYW)

    Fiscal YearEnd December

    2003 Sales (mil.) $1,682.5

    1Year Sales Growth 12.9%

    2003 Net Income (mil.) $82.3

    1Year Net Income Growth (66.0%)

    2003 Employees 27,900

    1Year Employee Growth 7.7%

    Auditor PricewaterhouseCoopers LLP

    Financial Overview

    Last Close 30Mar2004 $13.62

    52Week High $18.85

    52Week Low $10.50

    Basic EPS $1.28

    Price/Earnings Ratio 10.64

    Current Ratio 0.88

    R&D Expense (mil.)

    Advertising Expense (mil.) 16.20

    % Owned by Institutions 96.60%

    Report Builder Hollywood Entertainment Corporation Hoover's Online 1

    http://premium.hoovers.com:80/cgi-bin/mqcustomconnect?country=US&streetaddress=9275+SW+Peyton+Ln.&city=Wilsonville&state=OR&zipcode=97070&var1=Hollywood+Entertainment+Corporationhttp://www.hollywoodvideo.comhttp://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=51493http://premium.hoovers.com:80/subscribe/co/fin/stockquote.xhtml?COID=16431&ticker=HLYW

  • Officers & Employees

    Title Name Age Salary Bonus

    Chairman and CEO Mark J. Wattles 43

    President, COO, and Director F. Bruce Giesbrecht 44

    CFO Timothy R. (Tim) Price 45

    EVP Operations and GeneralManager, Store Operations

    Roger J. Osborne 51

    SVP and General Counsel Eric O. English

    SVP Finance and BusinessDevelopment

    Alex Bond

    SVP Human Resources Michelle VanHoose

    SVP Marketing Silvio D. Piccini

    CIO Michael Jones

    General Counsel Donald J. Ekman 50

    Board Members

    Title Name Age

    Chairman and CEO Mark J. Wattles 43

    President, COO, and Director F. Bruce Giesbrecht 44

    Director James N. Cutler Jr. 51

    Director S. Douglas Glendenning 46

    Director William P. Zebe 44

    Industry Information

    RetailMusic, Video, Book & Entertainment Retail (primary)

    SIC Codes

    3652 Prerecorded records and tapes

    7841 Video tape rental

    NAICS Codes

    451220 Prerecorded Tape, Compact Disc, and Record Stores

    532230 Video Tape and Disc Rental

    Report Builder Hollywood Entertainment Corporation Hoover's Online 2

    http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=1643120http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=164317http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=13091865http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=1643116http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=1643110http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=1643120http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=164317http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=12915028http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=12915040http://premium.hoovers.com:80/subscribe/co/people/bio.xhtml?COID=16431&PID=12915018http://premium.hoovers.com:80/subscribe/ind/factsheet.xhtml?HICID=1518http://premium.hoovers.com:80/subscribe/ind/factsheet.xhtml?HICID=1542

  • Top Competitors

    Blockbuster Movie Gallery Netflix

    All Competitors

    Albertson's Amazon.com Barnes & Noble Best Buy Blockbuster Borders Cox Communications Hastings Entertainment Kroger Movie Gallery MTS Musicland Netflix Starz Encore Group Target Trans World Entertainment WalMart Wherehouse Entertainment

    Report Builder Hollywood Entertainment Corporation Hoover's Online 3

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  • Biographies

    Mark J. Wattles, Age 43

    Chairman and CEO

    Recent Work Highlights

    Hollywood Entertainment Corporation2002: Chairman, President, and CEO, $975,000 salary, $713,340 bonus 2001: Chairman, President, and CEO, $945,814 salary, $3,960,368 bonus 2000: Chairman, President, and CEO, $433,237 salary Title held until 2004: Chairman, President, and CEO

    Biography

    Mark J. Wattles founded the Company in June 1988 and has served as a director, Chairman of the Board, and ChiefExecutive Officer since that time. From June 1988 through September 1998, Mr. Wattles also served as President of theCompany. From August 1998 through June 2000, Mr. Wattles left his full time position at the Company and served asChief Executive Officer of Reel.com, then a wholly owned subsidiary of the Company. In August 2000, Mr. Wattlesreturned full time to the Company and in January 2001 was reappointed President by the Board. Mr. Wattles has been anowner and operator in the video rental industry since 1985. In 2001, Mr. Wattles was appointed to the National AdvisoryCouncil of the Marriot Business School at Brigham Young University. He has been a participant and key speaker inseveral entertainment industry panels and conferences.

    Source: Company Web Site, 2004

    F. Bruce Giesbrecht, Age 44

    President, COO, and Director

    Recent Work Highlights

    Hollywood Entertainment Corporation2002: EVP Business Development and Director, $300,000 salary, $245,810 bonus 2001: EVP Business Development and Director, $296,875 salary, $116,817 bonus 2000: EVP Business Development and Director, $236,250 salary, $103,742 bonus Title held until 2004: EVP Business Development and Director

    Biography

    F. Bruce Giesbrecht was announced as the Company's President and Chief Operating Officer on January 29, 2004. Mr.Giesbrecht was named Executive Vice President of Business Development in March 2000 and became General Managerof Corporate Operations in July 2003. Mr. Giesbrecht joined Hollywood in May 1993 as Vice President of CorporateInformation Systems and Chief Information Officer, was named Senior Vice President of Product Management in January1996 and became Senior Vice President of Strategic Planning in January 1998. Prior to joining Hollywood Mr. Giesbrechtwas a founder of RamSoft, Inc., a software development company specializing in management systems for the videoindustry, and served as its President.

    Report Builder Hollywood Entertainment Corporation Hoover's Online 4

  • Source: 10K, March 15, 2004

    Timothy R. (Tim) Price, Age 45

    CFO

    Biography

    Timothy R. Price joined Hollywood in January 2003 as Senior Vice President of Finance and was named Chief FinancialOfficer in July 2003. Prior to joining Hollywood, Mr. Price was with May Company for four years holding the positionsof Chief Financial Officer for Robinson'sMay from 2000 to 2002 and Vice President and Controller of Hecht's from1998 to 2000. Prior to the May Company, Mr. Price served as Vice President and Controller of Kohl's from 1996 to 1998and held a variety of financial executive positions at the Limited from 1988 to 1996.

    Source: 10K, March 15, 2004

    Roger J. Osborne, Age 51

    EVP Operations and General Manager, Store Operations

    Recent Work Highlights

    Hollywood Entertainment Corporation2002: EVP Operations, $340,094 salary, $260,755 bonus 2001: EVP Operations, $357,494 salary, $99,317 bonus

    Biography

    Roger J. Osborne was named Executive Vice President of Operations in October 2000 and became General Manager ofStore Operations in July 2003. Prior to being named Senior Vice President of Operations at Hollywood in January 1999,he was the Executive Vice President of J. Baker, Corporation, a major apparel and footwear retailer, and President of itsWork `N Gear Division since June 1997. Before rejoining J. Baker Corporation, Mr. Osborne was Senior Vice Presidentand Zone Director for MidWest and East coast markets for Hollywood from November 1996 until May of 1997. From1993 until 1996, Mr. Osborne worked for J. Baker, Corporation, serving as Senior Vice President and Director of itslicensed shoe department business from January 1995 to November 1996. Mr. Osborne served in executive capacitieswith Bata Shoe Company from 1988 until 1993 and with the Payless Shoe Store division of May Company from 1975until 1988.

    Source: 10K, March 15, 2004

    Donald J. Ekman, Age 50

    General Counsel

    Recent Work Highlights

    Hollywood Entertainment Corporation2002: EVP Legal Affairs, Secretary, and Director, $383,286 salary, $245,810 bonus

    Report Builder Hollywood Entertainment Corporation Hoover's Online 5

  • 2001: EVP Legal Affairs, Secretary, and Director, $295,833 salary, $110,567 bonus Title held until 2003: EVP Legal Affairs, Secretary, and Director

    Biography

    Donald J. Ekman was a director of Hollywood from July 1993 to March 2003 and has been the Executive Vice Presidentof Legal Affairs since August 2000. Before the appointment to his current position, Mr. Ekman served as the GeneralCounsel of Hollywood beginning in March 1994 and as a Vice President from 1994 until he became a Senior VicePresident in May 1996. Before joining Hollywood, Mr. Ekman was in the private practice of law.

    Source: Proxy, April 29, 2003

    James N. Cutler Jr., Age 51

    Director

    Biography

    James N. Cutler, Jr. became a director of the Company in October 2000. Mr. Cutler has been President and ChiefExecutive Officer of The Cutler Corporation, a private holding company for various private businesses, since 1980. Mr.Cutler also serves as an officer or director of a number of private corporations including RolAway Truck ManufacturingCompany Inc. and R & K Industrial Products. Mr. Cutler previously served as director of the Company from July 1993until May 1999, at which time he did not stand for reelection.

    Source: Proxy, April 29, 2003

    S. Douglas Glendenning, Age 46

    Director

    Biography

    S. Douglas Glendenning became a director of the Company in December 2000. Mr. Glendenning is the owner of SDGInvestments, a private holding company with investments in restaurants, real estate, lending and publicly traded securities.Mr. Glendenning served as a Director, Chief Operating Officer and President of Lone Star Steakhouse & Saloon Inc. fromJanuary 1991 until April 1996. From 1980 until 1991, Mr. Glendenning served in various capacities at CoulterEnterprises, Inc., a large Pizza Hut franchisee. The majority of his tenure there was as Senior Vice President ofOperations.

    Source: Proxy, April 29, 2003

    William P. Zebe, Age 44

    Director

    Report Builder Hollywood Entertainment Corporation Hoover's Online 6

  • Biography

    William P. Zebe became a director of the Company in July 1998. Mr. Zebe is the President and principal shareholder ofBardo Equities LLC, a real estate development company. Previously, Mr. Zebe was employed by the Company asNational Vice President of Real Estate in May 1994 and, subsequently, as Senior Vice President of Development fromJanuary 1996 until his departure in June 1998. Before he joined the Company, Mr. Zebe worked from June 1992 to April1994 at Blockbuster Entertainment, most recently as the Real Estate Manager for the Western Zone.

    Source: Proxy, April 29, 2003

    Report Builder Hollywood Entertainment Corporation Hoover's Online 7

  • Overview

    Like a Shannon Tweed flick, Hollywood Entertainment hopes you'll skip the theaters and go straight to video. The #2 USvideo chain, behind Blockbuster, it runs about 1,900 Hollywood Video rental superstores in 47 states and the District ofColumbia. Hollywood Video stores also rent video games and game players, VCRs, DVDs, and audio books. Instorevideo game department Game Crazy (in about 600 stores) buys, sells, and trades used and new game software, hardware,and accessories. The stores are primarily located in strip malls or other hightraffic locales. Stung by losses from itsReel.com ecommerce unit, the company handed over sales operations to Amazon.com, while continuing to provide thesite's content.

    At an average of 6,800 sq. ft. per store, Hollywood Video stores typically dwarf the competition. Most stores stock about10,000 titles and allow renters to keep videos and DVDs for five days. Game Crazy departments are typically 800 sq. ft.and stock over 2,500 video game titles.

    The company has halted its expansion efforts (in the late 1990s it opened hundreds of stores each year) and is insteadfocusing on improving existingstore operations including adding Game Crazy departments (almost 320 were added in2003 and 150 are planned for 2004). Hollywood is also testing a DVDonly store format. It has also been testing aninstore subscriptionbased membership in about 10 of its stores. The program allows members to check out 2 movies ata time with no return due date for about $20 a month.

    Hollywood Entertainment has been hurt by the pricecutting efforts of other online video sellers and mass merchandisersthat sell videos and DVDs at a loss in order to increase traffic.

    With the help of investment banking firm Leonard Green & Partners, Hollywood is going private. The transaction shouldbe completed sometime after the summer, 2004.

    Report Builder Hollywood Entertainment Corporation Hoover's Online 8

    http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=51493http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=55199

  • History

    Mark Wattles founded two video ventures before opening what would be the beginning of Hollywood Entertainment. Thefirst was a store in Portland, Oregon, called Downtown Video (founded in 1985 and sold the next year). The other wasConvenience Video Rentals, which set up video sections in convenience stores. After failing to convince fellowConvenience Video Rentals investors to open video superstores, Wattles quit the venture and launched the Home TheaterVideo Superstore in 1988.

    Wattle changed the name of the store to Hollywood Video in 1989 and opened about five new stores a year until 1993,when it went public. It expanded rapidly to more than 110 stores in eight states by the end of 1994.

    Hollywood Entertainment's spectacular early growth (192 units added in 1995; 250 in 1996) was fueled by the opening ofnew stores and the acquisition of regional chains, including 14 Title Wave Video stores and 42 Video Watch stores, bothin the Midwest (1995).

    To handle its rapid growth, the company reorganized in 1996, decentralizing by setting up four regional zones overseenby its SVPs. The rapid growth continued in 1997 when it opened 356 stores. Moving into a new realm, in 1998Hollywood Entertainment paid $90 million for Reel.com, an online retailer of videos. (The company had passed up acheaper acquisition of Reel.com in 1997.) The deal made Reel.com shareholder CMGI a major owner of HollywoodEntertainment's stock. A change in accounting contributed to a loss for the year.

    The company opened 353 stores in 1998, 355 in 1999, and 208 in 2000 before scaling back its expansion plans to about adozen per year. In June 2000 Hollywood Entertainment gave up on Reel.com, whose marketing costs and price discountshad plunged the parent company into the red.

    In 2002 the company opened around 35 stores mainly in California and Texas, and opened almost 90 in 2003.

    Report Builder Hollywood Entertainment Corporation Hoover's Online 9

  • Products/Operations

    Hollywood Video operates 595 Game Crazy departments in 27 states.

    2003 Stores

    No.

    California 326

    Texas 190

    Washington 91

    Illinois 90

    Florida 84

    Ohio 82

    Pennsylvania 76

    New York 75

    Oregon 67

    Michigan 64

    Arizona 57

    Massachusetts 44

    Virginia 42

    Indiana 41

    Minnesota 37

    Tennessee 37

    Utah 37

    Colorado 36

    Georgia 36

    Missouri 35

    New Jersey 35

    Wisconsin 34

    North Carolina 32

    Maryland 31

    Nevada 28

    Oklahoma 23

    Louisiana 18

    Kentucky 17

    Connecticut 16

    South Carolina 16

    Idaho 14

    Kansas 14

    Nebraska 14

    Alabama 13

    Iowa 13

    New Mexico 11

    Arkansas 9

    Report Builder Hollywood Entertainment Corporation Hoover's Online 10

  • Mississippi 9

    Rhode Island 9

    North Dakota 3

    South Dakota 3

    Delaware 2

    District of Columbia 2

    Maine 2

    New Hampshire 2

    Montana 1

    West Virginia 1

    Wyoming 1

    Total 1,920

    2003 Sales

    $ mil. % of total

    Product rentals

    DVD 763.3 45

    VHS 504.2 30

    Games 119.1 7

    Game Crazy 180.1 11

    Product sales 115.8 7

    Total 1,682.5 100

    Archived Charts

    2002 Stores No.California 312Texas 175Illinois 92Washington 88Ohio 81Florida 74Pennsylvania 74New York 72Oregon 65Michigan 62Arizona 57Massachusetts 41Virginia 39Indiana 38Minnesota 38Georgia 36Tennessee 35Missouri 34Utah 34Wisconsin 34New Jersey 33Colorado 31Maryland 29North Carolina 28Nevada 28Oklahoma 23

    Report Builder Hollywood Entertainment Corporation Hoover's Online 11

  • Kentucky 17Louisiana 15Connecticut 14Kansas 14Nebraska 14 South Carolina 14Alabama 13Idaho 12Iowa 12New Mexico 10Arkansas 9Mississippi 9Rhode Island 8North Dakota 3South Dakota 3District of Columbia 2Maine 2Delaware 2New Hampshire 2Montana 1West Virginia 1Wyoming 1

    Total 1,831

    2002 Sales % of totalProduct rentals 89Product sales 11

    Total 100

    2001 Stores No.California 308Texas 172Illinois 91Washington 86Ohio 80Florida 74Pennsylvania 74New York 71Oregon 64Michigan 61Arizona 57Virginia 40Massachusetts 39Georgia 38Indiana 38Minnesota 38Tennessee 35Missouri 33Utah 33Wisconsin 32New Jersey 31Colorado 30Maryland 29North Carolina 28Nevada 27Oklahoma 21Kentucky 17Louisiana 15Connecticut 14

    Report Builder Hollywood Entertainment Corporation Hoover's Online 12

  • Kansas 14Nebraska 14 Alabama 13South Carolina 13Idaho 12Iowa 10New Mexico 10Arkansas 9Mississippi 8Rhode Island 7North Dakota 3South Dakota 3District of Columbia 2Maine 2Delaware 1Montana 1New Hampshire 1West Virginia 1Wyoming 1

    Total 1,801

    2001 Sales % of totalProduct rentals 83Product sales 17

    Total 100

    Report Builder Hollywood Entertainment Corporation Hoover's Online 13

  • Other Resources Available On Hoover's Online

    News for Hollywood Entertainment (last 90 days)

    Company Press Release Archive

    Other Resources

    Headquarters Map SEC Filings

    10K Filings

    Stock Quote Stock Chart Earnings Estimates ValuEngine Analysis Annual Report Investor Relations Financial Data Definitions Market Data Definitions Comparison Data Definitions Historical Financials & Employees Definitions

    Related Products From Our Trusted Partners

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    D&B Business/Credit Reports: Hollywood Entertainment Corporation(D&B, Feb 1, 2004, Business Reports)

    Hollywood Entertainment Corporation: Company Profile(Datamonitor, Feb 1, 2004, Business Reports)

    Retail Travail: Selling in a WalMart World(Hoover's, Inc., Feb 1, 2004, Business Reports)

    Nonstore Retail Major Companies Report(Harris Industry Reports, Aug 12, 2003, Business Reports)

    Internet Retail: Financial Analysis Profiles(BizMiner, Dec 23, 2003, Business Reports)

    Book Stores and News Dealers in the US(IBISWorld, Jan 25, 2004, Business Reports)

    Special Package: Online Retail Strategies and Projections(Forrester Research Inc, Jan 1, 2001, Business Reports)

    CPG Sites: Strategies Must Integrate Attraction, Involvement, andRetention to Capture Value(Jupitermedia Corporation, Jan 16, 2003, Business Reports)

    Additional 3rd Party Libraries

    Additional Research On Hollywood Entertainment

    Corporate Hierarchy

    Report Builder Hollywood Entertainment Corporation Hoover's Online 14

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  • Annual Financials

    All amounts in millions of US Dollars

    Income Statement Dec 03 Dec 02 Dec 01

    Revenue 1,682.5 1,490.1 1,379.5

    Cost of Goods Sold 387.6 291.5 298.6

    Gross Profit 1,294.9 1,198.6 1,080.9

    Gross Profit Margin 77.0% 80.4% 78.4%

    SG&A Expense 834.9 740.5 717.7

    Depreciation & Amortization 277.0 282.0 250.9

    Operating Income 183.0 176.1 112.3

    Operating Margin 10.9% 11.8% 8.1%

    Nonoperating Income (12.5) 0.5 0.4

    Nonoperating Expenses 35.5 42.6 56.5

    Income Before Taxes 137.1 147.3 63.2

    Income Taxes 54.8 (96.8) (37.3)

    Net Income After Taxes 82.3 244.1 100.5

    Continuing Operations 82.3 244.1 100.4

    Discontinued Operations 0.0 0.0 0.0

    Total Operations 82.3 244.1 100.4

    Total Net Income 82.3 241.9 100.4

    Net Profit Margin 4.9% 16.2% 7.3%

    Diluted EPS from Continuing Operations ($) 1.28 3.91 1.90

    Diluted EPS from Discontinued Operations ($) 0.00 0.00 0.00

    Diluted EPS from Total Operations ($) 1.28 3.91 1.90

    Diluted EPS from Total Net Income ($)

    Dividends per Share 0.00 0.00 0.00

    Balance Sheet Dec 03 Dec 02 Dec 01

    Assets

    Current Assets

    Cash 74.1 33.1 38.8

    Net Receivables 34.0 35.0 29.1

    Inventories 129.9 97.3 61.6

    Report Builder Hollywood Entertainment Corporation Hoover's Online 15

  • Other Current Assets 13.2 233.3 10.9

    Total Current Assets 251.2 398.8 140.3

    Net Fixed Assets 288.9 255.5 270.6

    Other Noncurrent Assets 457.4 492.1 307.6

    Total Assets 997.5 1,146.4 718.5

    Liabilities and Shareholders' Equity Dec 03 Dec 02 Dec 01

    Current Liabilities

    Accounts Payable 159.6 158.4 167.5

    ShortTerm Debt 0.6 239.8 111.9

    Other Current Liabilities 124.7 112.5 131.8

    Total Current Liabilities 284.9 510.7 411.2

    LongTerm Debt 370.7 361.1 402.1

    Other Noncurrent Liabilities 16.1 17.5 18.8

    Total Liabilities 671.7 889.3 832.1

    Shareholders' Equity

    Preferred Stock Equity 0.0 0.0 0.0

    Common Stock Equity 325.8 257.1 (113.6)

    Total Equity 325.8 257.1 (113.6)

    Shares Outstanding (mil.) 59.7 59.8 49.4

    Cash Flow Statement Dec 03 Dec 02 Dec 01

    Net Operating Cash Flow 390.8 362.0 273.8

    Net Investing Cash Flow (98.8) (552.1) (216.9)

    Net Financing Cash Flow (251.0) 184.4 (21.3)

    Net Change in Cash 41.0 (5.7) 35.5

    Depreciation & Amortization 277.0 282.0 250.9

    Capital Expenditures (314.5) (332.3) (211.6)

    Cash Dividends Paid 0.0 0.0 0.0

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 16

    http://www.mgfs.com

  • Quarterly Financials

    All amounts in millions of US Dollars except per share amounts.

    Income StatementQuarter

    Ending Dec 03Quarter

    Ending Sep 03Quarter

    Ending Jun 03Quarter Ending

    Mar 03Quarter

    Ending Dec 02

    Revenue 473.6 402.0 389.4 417.6 412.1

    Cost of Goods Sold 138.1 84.5 83.5 81.5 86.7

    Gross Profit 335.5 317.5 305.9 336.1 325.4

    Gross Profit Margin 70.8% 79.0% 78.6% 80.5% 79.0%

    SG&A Expense 218.5 208.7 200.9 206.9 194.5

    Depreciation & Amortization 70.9 66.8 65.1 74.2 77.1

    Operating Income 46.1 42.0 39.9 55.0 53.8

    Operating Margin 9.7% 10.4% 10.2% 13.2% 13.1%

    Nonoperating Income (12.5) 0.0 0.0 (12.5) 0.5

    Nonoperating Expenses 9.8 7.9 8.2 9.7 10.9

    Income Before Taxes 38.4 34.1 31.7 32.8 44.2

    Income Taxes 15.4 13.6 12.5 13.3 (97.8)

    Net Income After Taxes 23.0 20.5 19.2 19.5 142.0

    Continuing Operations 23.0 20.5 19.2 19.6 142.0

    Discontinued Operations 0.0 0.0 0.0 0.0 0.0

    Total Operations 23.0 20.5 19.2 19.6 142.0

    Total Net Income 23.0 20.5 19.2 19.6 142.0

    Net Profit Margin 4.9% 5.1% 4.9% 4.7% 34.5%

    Diluted EPS from ContinuingOperations ($)

    0.36 0.32 0.30 0.31 2.26

    Diluted EPS fromDiscontinued Operations ($)

    0.00 0.00 0.00 0.00 0.00

    Diluted EPS from TotalOperations ($)

    0.36 0.32 0.30 0.31 2.26

    Diluted EPS from Total NetIncome ($)

    Dividends per Share 0.00 0.00 0.00 0.00 0.00

    Balance SheetQuarter

    Ending Dec 03Quarter

    Ending Sep 03Quarter

    Ending Jun 03Quarter Ending

    Mar 03Quarter

    Ending Dec 02

    Assets

    Report Builder Hollywood Entertainment Corporation Hoover's Online 17

  • Current Assets

    Cash 74.1 39.9 66.4 65.2 33.1

    Net Receivables 34.0 24.5 29.1 33.5 35.0

    Inventories 129.9 128.3 119.4 105.5 97.3

    Other Current Assets 13.2 12.4 12.7 12.9 233.3

    Total Current Assets 251.2 205.2 227.6 217.1 398.8

    Net Fixed Assets 288.9 280.6 270.9 259.1 255.5

    Other Noncurrent Assets 457.4 459.3 463.3 482.4 492.1

    Total Assets 997.5 945.1 961.8 958.5 1,146.4

    Liabilities andShareholders' Equity

    QuarterEnding Dec 03

    QuarterEnding Sep 03

    QuarterEnding Jun 03

    Quarter EndingMar 03

    QuarterEnding Dec 02

    Current Liabilities

    Accounts Payable 159.6 137.1 127.7 139.8 158.4

    ShortTerm Debt 0.6 2.4 13.6 9.8 239.8

    Other Current Liabilities 124.7 101.1 100.3 108.0 112.5

    Total Current Liabilities 284.9 240.5 241.6 257.5 510.7

    LongTerm Debt 370.7 370.0 400.0 405.0 361.1

    Other Noncurrent Liabilities 16.1 16.3 16.7 17.1 17.5

    Total Liabilities 671.7 626.9 658.3 679.7 889.3

    Shareholders' Equity

    Preferred Stock Equity 0.0 0.0 0.0 0.0 0.0

    Common Stock Equity 325.8 318.3 303.5 278.9 257.1

    Total Equity 325.8 318.3 303.5 278.9 257.1

    Shares Outstanding (mil.) 59.7 60.8 60.9 60.1 59.8

    Cumulative Cash FlowStatement

    QuarterEnding Dec 03

    QuarterEnding Sep 03

    QuarterEnding Jun 03

    Quarter EndingMar 03

    QuarterEnding Dec 02

    Net Operating Cash Flow 390.8 246.5 142.0 73.8 362.0

    Net Investing Cash Flow (98.8) (6.0) 75.4 142.2 (552.1)

    Net Financing Cash Flow (251.0) (233.7) (184.1) (184.0) 184.4

    Net Change in Cash 41.0 6.8 33.2 32.0 (5.7)

    Depreciation & Amortization 70.9 66.8 65.1 74.2 77.1

    Capital Expenditures (314.5) (70.8) (45.4) (76.1) (332.3)

    Report Builder Hollywood Entertainment Corporation Hoover's Online 18

  • Cash Dividends Paid 0.0 0.0 0.0 0.0 0.0

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 19

    http://www.mgfs.com

  • Historical Financials & Employees

    Income Statement

    YearRevenue

    ($ mil.)Net Income

    ($ mil.)Net Profit

    MarginEmployees

    Dec 03 1,682.5 82.3 4.9% 27,900

    Dec 02 1,490.1 241.9 16.2% 25,900

    Dec 01 1,379.5 100.4 7.3% 22,600

    Dec 00 1,296.2 (530.0) 21,695

    Dec 99 1,096.8 (51.3) 22,200

    Dec 98 763.9 (50.5) 22,197

    Dec 97 500.5 5.0 1.0% 19,808

    Dec 96 302.3 20.6 6.8% 10,150

    Dec 95 149.4 9.2 6.2% 6,723

    Dec 94 73.3 8.1 11.1% 2,411

    Stock History

    YearStock Price ($) P/E Per Share ($)

    FYHigh

    FYLow

    FYClose

    High Low Earns. Div.Book

    Value

    Dec 03 18.9 12.2 13.8 14.7 9.5 1.3 0.0 5.5

    Dec 02 21.3 10.9 15.1 5.4 2.8 3.9 0.0 4.3

    Dec 01 16.9 1.0 14.3 8.9 0.5 1.9 0.0 (2.3)

    Dec 00 15.0 0.6 1.1 (11.5) 0.0 (4.8)

    Dec 99 34.7 11.6 14.5 (1.1) 0.0 6.6

    Dec 98 29.9 8.0 27.2 (1.3) 0.0 7.7

    Dec 97 25.9 8.1 10.6 172.5 54.2 0.1 0.0 7.9

    Dec 96 23.6 6.2 18.5 40.1 10.6 0.6 0.0 7.6

    Dec 95 35.0 7.4 8.4 97.2 20.5 0.3 0.0 6.0

    Dec 94 18.4 5.0 15.1 57.6 15.6 0.3 0.0 3.8

    2003 YearEnd Financials

    Debt ratio 113.8%

    Return on equity 25.3%

    Cash ($ mil.) 74.1

    Current ratio 0.88

    Longterm debt ($ mil.) 370.7

    Report Builder Hollywood Entertainment Corporation Hoover's Online 20

  • Shares Outstanding (mil.) 59.7

    Dividend yield 0.0%

    Dividend payout 0.0%

    Market Cap ($ mil.) 820.4

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 21

    http://www.mgfs.com

  • Market Data

    Current Information

    Last Close 30Mar2004 $13.62 Price/Sales Ratio 0.48

    52Week High $18.85 Price/Book Ratio 2.50

    52Week Low $10.50 Price/Earnings Ratio 10.64

    60Month Beta (0.3) Price/Cash Flow Ratio 2.27

    Market Cap (mil.) $814.5 Return on Assets 8.3%

    Shares Outstanding (mil.) 59.8 Return on Equity 25.3%

    Dividend Rate 0.00 Current Ratio 0.88

    Dividend Yield 0.0% LongTerm Debt/Equity 1.14

    # of Institutional Holders 380 % Owned by Institutions 96.6%

    Latest Short Interest Ratio 9.50 Latest Net Insider Transactions 0.00

    Growth Rates 12 Month 36 Month 60 Month

    Revenue Growth 12.9% 9.0% 15.1%

    EPS Growth (67.3%)

    Dividend Growth

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 22

    http://www.mgfs.com

  • Comparison Data

    Profitability Company Industry1 Market2

    Gross Profit Margin 76.96% 70.18% 48.43%

    PreTax Profit Margin 8.15% (7.10%) 7.06%

    Net Profit Margin 4.89% (8.96%) 4.15%

    Return on Equity 25.3% 8.1%

    Return on Assets 8.3% (12.0%) 1.3%

    Return on Invested Capital 11.8% (18.0%) 3.7%

    Valuation Company Industry1 Market2

    Price/Sales Ratio 0.48 0.70 1.40

    Price/Earnings Ratio 10.64 33.24

    Price/Book Ratio 2.50 1.55 2.72

    Price/Cash Flow Ratio 2.27 9.27 13.62

    Operations Company Industry1 Market2

    Days of Sales Outstanding 7.27 8.42 58.41

    Inventory Turnover 3.4 3.1 7.6

    Days Cost of Goods Sold in Inventory 106 117 47

    Asset Turnover 1.6 1.2 0.3

    Net Receivables Turnover Flow 48.8 42.6 6.3

    Effective Tax Rate 40.0% 40.7%

    Financial Company Industry1 Market2

    Current Ratio 0.88 0.94 1.43

    Quick Ratio 0.4 0.4 1.0

    Leverage Ratio 3.06 1.66 6.03

    Total Debt/Equity 1.14 0.14 1.50

    Interest Coverage 4.90 (8.60) 2.30

    Per Share Data ($) Company Industry1 Market2

    Revenue Per Share 28.13 26.83 19.93

    Fully Diluted Earnings Per Sharefrom Total Operations

    1.28 (2.44) 0.84

    Dividends Per Share 0.00 0.04 0.43

    Cash Flow Per Share 6.01 2.02 2.05

    Working Capital Per Share (0.56) (0.35) 2.27

    LongTerm Debt Per Share 6.20 1.25 11.68

    Book Value Per Share 5.45 12.11 10.26

    Report Builder Hollywood Entertainment Corporation Hoover's Online 23

  • Total Assets Per Share 16.68 20.09 61.84

    Growth Company Industry1 Market2

    12Month Revenue Growth 12.9% 8.0% 7.3%

    12Month Net Income Growth (66.3%) 143.7%

    12Month EPS Growth (67.3%) 147.1%

    12Month Dividend Growth 0.0% 4.9%

    36Month Revenue Growth 9.0% 6.9% 2.7%

    36Month Net Income Growth (8.1%)

    36Month EPS Growth (8.8%)

    36Month Dividend Growth (8.6%) 2.2%1Industry: Music & Video StoresIndustry classifications are from Media General Financial Services, Inc. .

    2 Public companies trading on the New York Stock Exchange, the American Stock Exchange, and the NASDAQ National Market.

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 24

    http://www.mgfs.com/html/products/resource_center/industry_groups/definitions.shtmlhttp://www.mgfs.com/http://www.mgfs.com

  • Competitive Landscape

    KEY: Best of Group. Companies listed are Top Competitors.

    Key NumbersHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix

    Annual Sales ($mil.) 1,682.5 5,815.1 692.4 272.2

    Employees 27,900 81,350 567

    Market Cap ($mil.) 814.5 3,205.1 645.2 1,747.7

    ProfitabilityHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    Gross Profit Margin 76.96% 75.32% 69.24% 64.22% 70.18% 48.43%

    PreTax Profit Margin 8.15% (15.07%) 11.76% 2.39% (7.10%) 7.06%

    Net Profit Margin 4.89% (16.84%) 7.13% 2.39% (8.96%) 4.15%

    Return on Equity 25.3% 15.4% 5.8% 8.1%

    Return on Assets 8.3% (20.2%) 10.6% 3.7% (12.0%) 1.3%

    Return on Invested Capital 11.8% (29.5%) 15.4% 5.8% (18.0%) 3.7%

    ValuationHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    Price/Sales Ratio 0.48 0.55 0.93 6.42 0.70 1.40

    Price/Earnings Ratio 10.64 13.22 343.70 33.24

    Price/Book Ratio 2.50 0.99 2.02 15.48 1.55 2.72

    Price/Cash Flow Ratio 2.27 13.73 8.86 30.42 9.27 13.62

    OperationsHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    Days of Sales Outstanding 7.27 11.37 0.00 0.00 8.42 58.41

    Inventory Turnover 3.4 3.3 9.4 3.1 7.6

    Days Cost of Goods Sold inInventory

    106 109 38 0 117 47

    Asset Turnover 1.6 1.0 1.7 1.8 1.2 0.3

    Net Receivables TurnoverFlow

    48.8 31.6 42.6 6.3

    Effective Tax Rate 40.0% 39.3% 0.0% 40.7%

    FinancialHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    Current Ratio 0.88 0.72 0.82 2.20 0.94 1.43

    Quick Ratio 0.4 0.3 0.5 2.1 0.4 1.0

    Leverage Ratio 3.06 1.49 1.45 1.56 1.66 6.03

    Total Debt/Equity 1.14 0.07 0.00 0.00 0.14 1.50

    Report Builder Hollywood Entertainment Corporation Hoover's Online 25

    http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752

  • Interest Coverage 4.90 (25.50) 175.00 16.60 (8.60) 2.30

    Per Share Data ($)Hollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    Revenue Per Share 28.13 32.13 21.00 5.35 26.83 19.93

    Fully Diluted Earnings PerSharefrom Total Operations

    1.28 (5.44) 1.48 0.10 (2.44) 0.84

    Dividends Per Share 0.00 0.08 0.00 0.00 0.04 0.43

    Cash Flow Per Share 6.01 1.29 2.21 1.13 2.02 2.05

    Working Capital Per Share (0.56) (2.03) (0.61) 1.49 (0.35) 2.27

    LongTerm Debt Per Share 6.20 0.41 0.00 0.00 1.25 11.68

    Book Value Per Share 5.45 17.95 9.71 2.22 12.11 10.26

    Total Assets Per Share 16.68 26.83 14.08 3.46 20.09 61.84

    GrowthHollywood

    EntertainmentBlockbuster

    MovieGallery

    Netflix Industry2 Market3

    12Month Revenue Growth 12.9% 4.5% 30.9% 78.1% 8.0% 7.3%

    12Month Net Income Growth (66.3%) 136.4% 143.7%

    12Month EPS Growth (67.3%) 120.9% 147.1%

    12Month Dividend Growth 0.0% 0.0% 4.9%

    36Month Revenue Growth 9.0% 5.7% 30.8% 6.9% 2.7%

    36Month Net Income Growth 70.2% (8.1%)

    36Month EPS Growth 55.3% (8.8%)

    36Month Dividend Growth 0.0% (8.6%) 2.2%

    1 Data unavailable.2 Industry: Music & Video StoresIndustry classifications are from Media General Financial Services, Inc. .3 Public companies trading on the New York Stock Exchange, the American Stock Exchange, and the NASDAQ National Market.

    Data Definitions

    Some financial information provided by Media General Financial Services, Inc. , Richmond, Virginia

    Report Builder Hollywood Entertainment Corporation Hoover's Online 26

    http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=10218http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=42198http://premium.hoovers.com:80/subscribe/co/factsheet.xhtml?COID=100752http://www.mgfs.com/html/products/resource_center/industry_groups/definitions.shtmlhttp://www.mgfs.com/http://www.mgfs.com

  • Copyright 2004, Hoover's, Inc.

    Report Builder Hollywood Entertainment Corporation Hoover's Online 27

    Table of Contents The Basics Key Numbers Financial Overview Officers & Employees Board Members Industry Information SIC Codes NAICS Codes Top Competitors All Competitors

    Biographies Mark J. Wattles, Age 43 F. Bruce Giesbrecht, Age 44 Timothy R. (Tim) Price, Age 45 Roger J. Osborne, Age 51 Donald J. Ekman, Age 50 James N. Cutler Jr., Age 51 S. Douglas Glendenning, Age 46 William P. Zebe, Age 44

    Overview History Products/Operations Other Resources Available On Hoover's Online Other Resources Related Products From Our Trusted Partners

    Annual Financials Quarterly Financials Historical Financials & Employees Market Data Comparison Data Competitive Landscape