BWFG FY 2014 Earnings Report — Bankwell Financial Group, Inc. Revenue & Financial Results | Market Cap Arena

Bankwell Financial Group, Inc.BWFG

FY 2014 Earnings

Reported March 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$39M	—	$31M	—	22.7%
Op. Income	$7M	—	$7M	—	-8.3%
Gross Margin	84.3%	—	89.4%	—	-5.1pp
Net Margin	11.8%	—	16.4%	—	-4.6pp
EPS (Diluted)	$0.78	—	$0.75	—	4.0%
Free Cash Flow	$7M	—	$2M	—	249.2%

Revenue Flow

Item	Amount
REVENUE	$39M
Cost of Revenue	$6M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$674.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$32M
OPERATING INCOME	$7M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$39M
Cost of Revenue	$6M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$674.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$32M
OPERATING INCOME	$7M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$1M
Stock-Based Compensation	$573.0K
Deferred Income Tax	-$696.0K
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$9M
Capital Expenditure	-$2M
Acquisitions (Net)	$3M
Purchases of Investments	-$54M
Sales/Maturities of Investments	$28M
Other Investing Activities	-$214M
NET CASH FROM INVESTING	-$239M
Net Debt Issuance	$78M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$73M
NET CASH FROM FINANCING	$196M
FREE CASH FLOW	$7M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$65M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$117M
PP&E (Net)	$12M
Goodwill	$3M
Intangible Assets	$848.0K
Long-Term Investments	$928M
Tax Assets	$7M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$983M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$835M
TOTAL CURRENT LIABILITIES	$841M
Long-Term Debt	$129M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$129M
TOTAL LIABILITIES	$970M
Common Stock	$107M
Additional Paid-In Capital	$0
Retained Earnings	$10M
Treasury Stock	$0
Accum. Other Comp. Income	$531.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$129M
Minority Interest	$0
TOTAL EQUITY	$129M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$129M
Net Debt	$80M