AX FY 2016 Earnings Report — Axos Financial, Inc. Revenue & Financial Results | Market Cap Arena

Axos Financial, Inc.AX

FY 2016 Earnings

Reported August 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$384M	—	$275M	—	39.7%
Op. Income	$205M	—	$141M	—	45.5%
Gross Margin	82.7%	—	79.4%	—	3.3pp
Net Margin	31.1%	—	30.1%	—	1.0pp
EPS (Diluted)	$1.85	—	$1.34	—	38.1%
Free Cash Flow	$157M	—	$111M	—	41.2%

Revenue Flow

Item	Amount
REVENUE	$384M
Cost of Revenue	$66M
GROSS PROFIT	$318M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$82M
SG&A Expenses	$89M
Other Expenses	$24M
Operating Expenses	$113M
Cost & Expenses	$179M
OPERATING INCOME	$205M
Interest Income	$318M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$205M
Income Tax Expense	$86M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$5M
EBIT	$205M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$384M
Cost of Revenue	$66M
GROSS PROFIT	$318M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$82M
SG&A Expenses	$89M
Other Expenses	$24M
Operating Expenses	$113M
Cost & Expenses	$179M
OPERATING INCOME	$205M
Interest Income	$318M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$205M
Income Tax Expense	$86M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$5M
EBIT	$205M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$5M
Stock-Based Compensation	$11M
Deferred Income Tax	-$7M
Other Non-Cash Items	$44M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$167M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$161M
Sales/Maturities of Investments	$95M
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$25M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	$1.6B
FREE CASH FLOW	$157M
Net Change in Cash	$264M

Balance Sheet

Item	Amount
Cash & Equivalents	$487M
Short-Term Investments	$265M
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$778M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$6.6B
Tax Assets	$39M
Other Non-Current Assets	$156M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$7.6B
Account Payables	$2M
Short-Term Debt	$35M
Deferred Revenue	$0
Other Current Liabilities	$6.0B
TOTAL CURRENT LIABILITIES	$6.1B
Long-Term Debt	$783M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$835M
TOTAL LIABILITIES	$6.9B
Common Stock	$645.0K
Additional Paid-In Capital	$331M
Retained Earnings	$385M
Treasury Stock	-$31M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$684M
Minority Interest	$0
TOTAL EQUITY	$684M
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$818M
Net Debt	$331M