BFH FY 2018 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.5B	—	3.5%
Op. Income	$1.8B	—	$1.5B	—	15.8%
Gross Margin	45.7%	—	46.6%	—	-0.9pp
Net Margin	17.0%	—	14.4%	—	2.6pp
EPS (Diluted)	$17.48	—	$14.10	—	24.0%
Free Cash Flow	$2.6B	—	$2.4B	—	7.2%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$667M
Operating Expenses	$830M
Cost & Expenses	$3.9B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$156M
Other Income/Expenses	-$542M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$270M
Net Income from Continuing Ops	$946M
Net Income from Discontinued Ops	$18M
Other Adjustments	$0
NET INCOME	$963M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$963M
D&A	$487M
EBIT	$1.2B
EBITDA	$1.7B
EPS	$18
EPS Diluted	$17

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$3.1B
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$667M
Operating Expenses	$830M
Cost & Expenses	$3.9B
OPERATING INCOME	$1.8B
Interest Income	$0
Interest Expense	$156M
Other Income/Expenses	-$542M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$270M
Net Income from Continuing Ops	$946M
Net Income from Discontinued Ops	$18M
Other Adjustments	$0
NET INCOME	$963M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$963M
D&A	$487M
EBIT	$1.2B
EBITDA	$1.7B
EPS	$18
EPS Diluted	$17

Cash Flow Statement

Item	Amount
Net Income	$963M
Depreciation & Amortization	$487M
Stock-Based Compensation	$81M
Deferred Income Tax	$16M
Other Non-Cash Items	$1.4B
Change in Working Capital	-$184M
OPERATING CASH FLOW	$2.8B
Capital Expenditure	-$200M
Acquisitions (Net)	$0
Purchases of Investments	-$90M
Sales/Maturities of Investments	$47M
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	-$610M
Common Stock Repurchased	-$443M
Common Dividends Paid	-$125M
Other Financing Activities	-$57M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$2.6B
Net Change in Cash	-$347M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.8B
Short-Term Investments	$0
Net Receivables	$17.2B
Inventory	$248M
Other Current Assets	$3.4B
TOTAL CURRENT ASSETS	$24.7B
PP&E (Net)	$288M
Goodwill	$955M
Intangible Assets	$217M
Long-Term Investments	$0
Tax Assets	$44M
Other Non-Current Assets	$4.2B
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$30.4B
Account Payables	$486M
Short-Term Debt	$2.9B
Deferred Revenue	$766M
Other Current Liabilities	$7.1B
TOTAL CURRENT LIABILITIES	$11.5B
Long-Term Debt	$10.5B
Deferred Revenue NC	$109M
Deferred Tax Liabilities	$257M
Other Non-Current Liabilities	$5.7B
TOTAL NON-CURRENT LIABILITIES	$16.6B
TOTAL LIABILITIES	$28.1B
Common Stock	$1M
Additional Paid-In Capital	$3.2B
Retained Earnings	$5.0B
Treasury Stock	-$5.7B
Accum. Other Comp. Income	-$138M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$30.4B
Total Debt	$13.4B
Net Debt	$9.6B