AX FY 2019 Earnings Report — Axos Financial, Inc. Revenue & Financial Results | Market Cap Arena

Axos Financial, Inc.AX

FY 2019 Earnings

Reported August 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$645M	—	$546M	—	18.1%
Op. Income	$213M	—	$240M	—	-11.2%
Gross Margin	71.5%	—	75.8%	—	-4.2pp
Net Margin	24.1%	—	27.9%	—	-3.9pp
EPS (Diluted)	$2.49	—	$2.38	—	4.6%
Free Cash Flow	$184M	—	$156M	—	18.1%

Revenue Flow

Item	Amount
REVENUE	$645M
Cost of Revenue	$184M
GROSS PROFIT	$461M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$173M
SG&A Expenses	$187M
Other Expenses	$61M
Operating Expenses	$248M
Cost & Expenses	$432M
OPERATING INCOME	$213M
Interest Income	$565M
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$213M
Income Tax Expense	$58M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$16M
EBIT	$213M
EBITDA	$229M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$645M
Cost of Revenue	$184M
GROSS PROFIT	$461M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$173M
SG&A Expenses	$187M
Other Expenses	$61M
Operating Expenses	$248M
Cost & Expenses	$432M
OPERATING INCOME	$213M
Interest Income	$565M
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$213M
Income Tax Expense	$58M
Net Income from Continuing Ops	$155M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$155M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$155M
D&A	$16M
EBIT	$213M
EBITDA	$229M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$155M
Depreciation & Amortization	$16M
Stock-Based Compensation	$23M
Deferred Income Tax	-$9M
Other Non-Cash Items	$14M
Change in Working Capital	$4M
OPERATING CASH FLOW	$204M
Capital Expenditure	-$20M
Acquisitions (Net)	$67M
Purchases of Investments	-$147M
Sales/Maturities of Investments	$110M
Other Investing Activities	-$942M
NET CASH FROM INVESTING	-$932M
Net Debt Issuance	$31M
Common Stock Repurchased	-$56M
Common Dividends Paid	$0
Other Financing Activities	$988M
NET CASH FROM FINANCING	$962M
FREE CASH FLOW	$184M
Net Change in Cash	$235M

Balance Sheet

Item	Amount
Cash & Equivalents	$511M
Short-Term Investments	$228M
Net Receivables	$203M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$942M
PP&E (Net)	$0
Goodwill	$71M
Intangible Assets	$73M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	$714M
TOTAL NON-CURRENT ASSETS	$10.3B
TOTAL ASSETS	$11.2B
Account Payables	$239M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$9.0B
TOTAL CURRENT LIABILITIES	$9.2B
Long-Term Debt	$627M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$298M
TOTAL NON-CURRENT LIABILITIES	$925M
TOTAL LIABILITIES	$10.1B
Common Stock	$666.0K
Additional Paid-In Capital	$390M
Retained Earnings	$826M
Treasury Stock	-$149M
Accum. Other Comp. Income	$16.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$11.2B
Total Debt	$627M
Net Debt	$116M