CASH FY 2017 Earnings Report — Pathward Financial, Inc. Revenue & Financial Results | Market Cap Arena

Pathward Financial, Inc.CASH

FY 2017 Earnings

Reported November 29, 2017

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	$241M	—	$151M	—	59.3%
Op. Income	$55M	—	$39M	—	42.1%
Gross Margin	89.4%	—	94.3%	—	-4.8pp
Net Margin	18.6%	—	22.0%	—	-3.3pp
EPS (Diluted)	$1.61	—	$1.31	—	22.9%
Free Cash Flow	$113M	—	-$7M	—	1734.9%

Revenue Flow

Item	Amount
REVENUE	$241M
Cost of Revenue	$25M
GROSS PROFIT	$216M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$90M
SG&A Expenses	$92M
Other Expenses	$68M
Operating Expenses	$160M
Cost & Expenses	$186M
OPERATING INCOME	$55M
Interest Income	$108M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$10M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$45M
EBIT	$55M
EBITDA	$100M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$241M
Cost of Revenue	$25M
GROSS PROFIT	$216M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$90M
SG&A Expenses	$92M
Other Expenses	$68M
Operating Expenses	$160M
Cost & Expenses	$186M
OPERATING INCOME	$55M
Interest Income	$108M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$10M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$45M
EBIT	$55M
EBITDA	$100M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$45M
Stock-Based Compensation	$10M
Deferred Income Tax	-$6M
Other Non-Cash Items	$22M
Change in Working Capital	$4M
OPERATING CASH FLOW	$120M
Capital Expenditure	-$7M
Acquisitions (Net)	-$29M
Purchases of Investments	-$850M
Sales/Maturities of Investments	$635M
Other Investing Activities	-$450M
NET CASH FROM INVESTING	-$700M
Net Debt Issuance	$308M
Common Stock Repurchased	-$470.0K
Common Dividends Paid	-$5M
Other Financing Activities	$776M
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$113M
Net Change in Cash	$494M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$1.1B
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$19M
Goodwill	$99M
Intangible Assets	$52M
Long-Term Investments	$2.5B
Tax Assets	$9M
Other Non-Current Assets	$159M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$5.2B
Account Payables	$2M
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$86M
TOTAL LIABILITIES	$4.8B
Common Stock	$288.0K
Additional Paid-In Capital	$258M
Retained Earnings	$167M
Treasury Stock	-$266.0K
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$434M
Minority Interest	$0
TOTAL EQUITY	$434M
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$1.5B
Net Debt	$222M