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CIK 1411488

BLACKHAWK NETWORK HOLDINGS, INC
CIK 0001411488 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
77.5
composite ยท 4 signals ยท ELEVATED

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-05 ยท FY 2016-12-31 ยท ELEVATED100.0

Tax arbitrage

ETR -438.2% vs 21% statutory โ€” gap persistent across 1 of 2 years
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2016-12-31": -4.3825,
    "2016-01-02": 0.3691
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2016-12-31": 4.5925,
    "2016-01-02": -0.1591
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2017-12-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1411488/000141148818000011/0001411488-18-000011-index.htm",
    "form": "10-K",
    "filed": "2018-02-28"
  }
}
P-13 ยท FY 2017-12-30 ยท ELEVATED58.6

Zombie / distress

Interest coverage -0.14x below 1.0
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "icr_by_year": {
    "2017-12-30": -0.144,
    "2016-12-31": 1.063,
    "2016-01-02": 6.662,
    "2015-01-03": 13.945
  },
  "consecutive_years_below_1": 1,
  "altman_z_double_prime": -0.003,
  "definitions": {
    "zombie": "ICR<1 for 3+ consecutive FYs (BIS 2018)",
    "z_distress": "<1.1 distress, 1.1-2.6 gray, >2.6 safe"
  },
  "inputs": {
    "ebit_t": -4608000,
    "interest_expense_t": 32092000
  },
  "stale": false,
  "latest_filing_period": "2017-12-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1411488/000141148818000011/0001411488-18-000011-index.htm",
    "form": "10-K",
    "filed": "2018-02-28"
  }
}
P-01 ยท FY 2017-12-30 ยท CLEAN4.2

Earnings quality

Beneish M-Score -3.35 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -3.354,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.6,
    "GMI": 1.001,
    "AQI": 0.855,
    "SGI": 1.175,
    "DEPI": 1,
    "SGAI": 1,
    "LVGI": 1.114,
    "TATA": -0.121
  },
  "defaulted_to_neutral": [
    "DEPI",
    "SGAI"
  ],
  "sloan_accruals": -0.1296,
  "inputs": {
    "revenue_t": 2231606000,
    "revenue_t1": 1899778000,
    "total_assets_t": 4139680000,
    "net_income_t": -155768000,
    "cfo_t": 345501000
  },
  "stale": false,
  "latest_filing_period": "2017-12-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1411488/000141148818000011/0001411488-18-000011-index.htm",
    "form": "10-K",
    "filed": "2018-02-28"
  }
}
P-12 ยท FY 2017-12-30 ยท CLEAN12.2

Restatement predictor

F-Score 0.37 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2018-02-28) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.366,
  "probability": 0.00136,
  "components": {
    "rsst": -0.1296,
    "drec": -0.0201,
    "dinv": -0.0018,
    "soft": 0.6935,
    "dcs": 0.2156,
    "droa": -0.0389,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2017-12-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1411488/000141148818000011/0001411488-18-000011-index.htm",
    "form": "10-K",
    "filed": "2018-02-28"
  }
}