BFH FY 2017 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2017 Earnings

Reported February 27, 2018

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	$5.5B	—	$7.1B	—	-23.3%
Op. Income	$1.5B	—	$1.3B	—	19.9%
Gross Margin	46.6%	—	34.1%	—	12.5pp
Net Margin	14.4%	—	7.2%	—	7.2pp
EPS (Diluted)	$14.10	—	$7.34	—	92.1%
Free Cash Flow	$2.4B	—	$1.9B	—	26.7%

Revenue Flow

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$159M
SG&A Expenses	$159M
Other Expenses	$873M
Operating Expenses	$1.0B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$174M
Other Income/Expenses	-$455M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$293M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$20M
Other Adjustments	$0
NET INCOME	$789M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$789M
D&A	$498M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$14
EPS Diluted	$14

Income Statement

Item	Amount
REVENUE	$5.5B
Cost of Revenue	$2.9B
GROSS PROFIT	$2.5B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$159M
SG&A Expenses	$159M
Other Expenses	$873M
Operating Expenses	$1.0B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.5B
Interest Income	$0
Interest Expense	$174M
Other Income/Expenses	-$455M
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$293M
Net Income from Continuing Ops	$769M
Net Income from Discontinued Ops	$20M
Other Adjustments	$0
NET INCOME	$789M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$789M
D&A	$498M
EBIT	$1.1B
EBITDA	$1.6B
EPS	$14
EPS Diluted	$14

Cash Flow Statement

Item	Amount
Net Income	$789M
Depreciation & Amortization	$498M
Stock-Based Compensation	$75M
Deferred Income Tax	-$114M
Other Non-Cash Items	$1.3B
Change in Working Capital	$95M
OPERATING CASH FLOW	$2.6B
Capital Expenditure	-$225M
Acquisitions (Net)	-$946M
Purchases of Investments	-$101M
Sales/Maturities of Investments	$798M
Other Investing Activities	-$3.8B
NET CASH FROM INVESTING	-$4.3B
Net Debt Issuance	$2.2B
Common Stock Repurchased	-$554M
Common Dividends Paid	-$116M
Other Financing Activities	$2.5B
NET CASH FROM FINANCING	$4.0B
FREE CASH FLOW	$2.4B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.2B
Short-Term Investments	$0
Net Receivables	$18.3B
Inventory	$234M
Other Current Assets	$2.0B
TOTAL CURRENT ASSETS	$24.7B
PP&E (Net)	$614M
Goodwill	$3.9B
Intangible Assets	$801M
Long-Term Investments	$0
Tax Assets	$28M
Other Non-Current Assets	$657M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$30.7B
Account Payables	$651M
Short-Term Debt	$1.5B
Deferred Revenue	$847M
Other Current Liabilities	$6.7B
TOTAL CURRENT LIABILITIES	$10.1B
Long-Term Debt	$13.4B
Deferred Revenue NC	$120M
Deferred Tax Liabilities	$211M
Other Non-Current Liabilities	$4.9B
TOTAL NON-CURRENT LIABILITIES	$18.7B
TOTAL LIABILITIES	$28.8B
Common Stock	$1M
Additional Paid-In Capital	$3.1B
Retained Earnings	$4.2B
Treasury Stock	-$5.3B
Accum. Other Comp. Income	-$140M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$30.7B
Total Debt	$14.9B
Net Debt	$10.7B