AX FY 2021 Earnings Report — Axos Financial, Inc. Revenue & Financial Results | Market Cap Arena

Axos Financial, Inc.AX

FY 2021 Earnings

Reported August 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$712M	—	$718M	—	-0.8%
Op. Income	$306M	—	$263M	—	16.4%
Gross Margin	85.6%	—	73.9%	—	11.7pp
Net Margin	30.3%	—	25.6%	—	4.7pp
EPS (Diluted)	$3.56	—	$2.98	—	19.5%
Free Cash Flow	$402M	—	$272M	—	48.0%

Revenue Flow

Item	Amount
REVENUE	$712M
Cost of Revenue	$103M
GROSS PROFIT	$609M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$189M
SG&A Expenses	$203M
Other Expenses	$100M
Operating Expenses	$303M
Cost & Expenses	$406M
OPERATING INCOME	$306M
Interest Income	$618M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$306M
Income Tax Expense	$90M
Net Income from Continuing Ops	$216M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$216M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$216M
D&A	$30M
EBIT	$306M
EBITDA	$336M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$712M
Cost of Revenue	$103M
GROSS PROFIT	$609M
R&D Expenses	$0
Selling & Marketing	$14M
General & Administrative	$189M
SG&A Expenses	$203M
Other Expenses	$100M
Operating Expenses	$303M
Cost & Expenses	$406M
OPERATING INCOME	$306M
Interest Income	$618M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$306M
Income Tax Expense	$90M
Net Income from Continuing Ops	$216M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$216M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$216M
D&A	$30M
EBIT	$306M
EBITDA	$336M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$216M
Depreciation & Amortization	$30M
Stock-Based Compensation	$21M
Deferred Income Tax	-$9M
Other Non-Cash Items	$48M
Change in Working Capital	$107M
OPERATING CASH FLOW	$413M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$122M
Sales/Maturities of Investments	$75M
Other Investing Activities	-$809M
NET CASH FROM INVESTING	-$867M
Net Debt Issuance	$98M
Common Stock Repurchased	-$22M
Common Dividends Paid	$0
Other Financing Activities	-$534M
NET CASH FROM FINANCING	-$459M
FREE CASH FLOW	$402M
Net Change in Cash	-$913M

Balance Sheet

Item	Amount
Cash & Equivalents	$716M
Short-Term Investments	$187M
Net Receivables	$370M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$0
Goodwill	$71M
Intangible Assets	$63M
Long-Term Investments	$11.5B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$13.0B
TOTAL ASSETS	$14.3B
Account Payables	$535M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$575M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$939M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$12.9B
Common Stock	$681.0K
Additional Paid-In Capital	$433M
Retained Earnings	$1.2B
Treasury Stock	-$223M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$14.3B
Total Debt	$575M
Net Debt	-$141M