AX FY 2017 Earnings Report — Axos Financial, Inc. Revenue & Financial Results | Market Cap Arena

Axos Financial, Inc.AX

FY 2017 Earnings

Reported August 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$455M	—	$384M	—	18.6%
Op. Income	$233M	—	$205M	—	13.6%
Gross Margin	81.3%	—	82.7%	—	-1.4pp
Net Margin	29.6%	—	31.1%	—	-1.5pp
EPS (Diluted)	$2.07	—	$1.85	—	11.9%
Free Cash Flow	$190M	—	$157M	—	21.1%

Revenue Flow

Item	Amount
REVENUE	$455M
Cost of Revenue	$85M
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$98M
SG&A Expenses	$107M
Other Expenses	$31M
Operating Expenses	$138M
Cost & Expenses	$223M
OPERATING INCOME	$233M
Interest Income	$387M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$233M
Income Tax Expense	$98M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$6M
EBIT	$233M
EBITDA	$239M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$455M
Cost of Revenue	$85M
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$98M
SG&A Expenses	$107M
Other Expenses	$31M
Operating Expenses	$138M
Cost & Expenses	$223M
OPERATING INCOME	$233M
Interest Income	$387M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$233M
Income Tax Expense	$98M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$6M
EBIT	$233M
EBITDA	$239M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$6M
Stock-Based Compensation	$15M
Deferred Income Tax	-$2M
Other Non-Cash Items	$40M
Change in Working Capital	$5M
OPERATING CASH FLOW	$198M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$250M
Sales/Maturities of Investments	$469M
Other Investing Activities	-$999M
NET CASH FROM INVESTING	-$789M
Net Debt Issuance	-$102M
Common Stock Repurchased	-$7M
Common Dividends Paid	$0
Other Financing Activities	$856M
NET CASH FROM FINANCING	$747M
FREE CASH FLOW	$190M
Net Change in Cash	$157M

Balance Sheet

Item	Amount
Cash & Equivalents	$628M
Short-Term Investments	$264M
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$913M
PP&E (Net)	$17M
Goodwill	$0
Intangible Assets	$7M
Long-Term Investments	$7.4B
Tax Assets	$34M
Other Non-Current Assets	$130M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$8.5B
Account Payables	$1M
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$6.9B
TOTAL CURRENT LIABILITIES	$6.9B
Long-Term Debt	$694M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$52M
TOTAL NON-CURRENT LIABILITIES	$747M
TOTAL LIABILITIES	$7.7B
Common Stock	$651.0K
Additional Paid-In Capital	$346M
Retained Earnings	$519M
Treasury Stock	-$37M
Accum. Other Comp. Income	$487.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$834M
Minority Interest	$0
TOTAL EQUITY	$834M
TOTAL LIABILITIES & EQUITY	$8.5B
Total Debt	$714M
Net Debt	$86M