BFH FY 2021 Earnings Report — Bread Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Bread Financial Holdings, Inc.BFH

FY 2021 Earnings

Reported February 25, 2022

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	$3.3B	—	$3.3B	—	-0.8%
Op. Income	$1.0B	—	$888M	—	17.5%
Gross Margin	63.1%	—	59.1%	—	3.9pp
Net Margin	24.5%	—	6.5%	—	18.0pp
EPS (Diluted)	$16.02	—	$4.46	—	259.2%
Free Cash Flow	$1.5B	—	$1.8B	—	-20.2%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$160M
General & Administrative	$671M
SG&A Expenses	$831M
Other Expenses	-$198M
Operating Expenses	$633M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.0B
Interest Income	$3.9B
Interest Expense	$383M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$247M
Net Income from Continuing Ops	$797M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$801M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$801M
D&A	$123M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$16
EPS Diluted	$16

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$2.1B
R&D Expenses	$0
Selling & Marketing	$160M
General & Administrative	$671M
SG&A Expenses	$831M
Other Expenses	-$198M
Operating Expenses	$633M
Cost & Expenses	$2.2B
OPERATING INCOME	$1.0B
Interest Income	$3.9B
Interest Expense	$383M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.0B
Income Tax Expense	$247M
Net Income from Continuing Ops	$797M
Net Income from Discontinued Ops	$4M
Other Adjustments	$0
NET INCOME	$801M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$801M
D&A	$123M
EBIT	$1.0B
EBITDA	$1.2B
EPS	$16
EPS Diluted	$16

Cash Flow Statement

Item	Amount
Net Income	$801M
Depreciation & Amortization	$123M
Stock-Based Compensation	$29M
Deferred Income Tax	-$15M
Other Non-Cash Items	$646M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$1.5B
Capital Expenditure	-$84M
Acquisitions (Net)	-$75M
Purchases of Investments	-$93M
Sales/Maturities of Investments	$73M
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	-$434M
Common Stock Repurchased	$0
Common Dividends Paid	-$42M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$608M
FREE CASH FLOW	$1.5B
Net Change in Cash	$460M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.0B
Short-Term Investments	$175M
Net Receivables	$15.7B
Inventory	$0
Other Current Assets	$877M
TOTAL CURRENT ASSETS	$19.8B
PP&E (Net)	$312M
Goodwill	$634M
Intangible Assets	$53M
Long-Term Investments	$289M
Tax Assets	$302M
Other Non-Current Assets	$340M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$21.7B
Account Payables	$291M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$11.0B
TOTAL CURRENT LIABILITIES	$11.9B
Long-Term Debt	$7.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$313M
Other Non-Current Liabilities	-$177M
TOTAL NON-CURRENT LIABILITIES	$7.7B
TOTAL LIABILITIES	$19.7B
Common Stock	$1M
Additional Paid-In Capital	$2.2B
Retained Earnings	-$87M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$21.7B
Total Debt	$7.6B
Net Debt	$4.5B