CBAN FY 2021 Earnings Report — Colony Bankcorp, Inc. Revenue & Financial Results | Market Cap Arena

Colony Bankcorp, Inc.CBAN

FY 2021 Earnings

Reported March 18, 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	$107M	—	$87M	—	22.3%
Op. Income	$23M	—	$15M	—	58.3%
Gross Margin	95.2%	—	83.5%	—	11.8pp
Net Margin	17.5%	—	13.5%	—	3.9pp
EPS (Diluted)	$1.66	—	$1.24	—	33.9%
Free Cash Flow	$30M	—	-$23M	—	229.7%

Revenue Flow

Item	Amount
REVENUE	$107M
Cost of Revenue	$5M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$46M
SG&A Expenses	$48M
Other Expenses	$30M
Operating Expenses	$79M
Cost & Expenses	$84M
OPERATING INCOME	$23M
Interest Income	$71M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$23M
EBITDA	$32M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$107M
Cost of Revenue	$5M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$46M
SG&A Expenses	$48M
Other Expenses	$30M
Operating Expenses	$79M
Cost & Expenses	$84M
OPERATING INCOME	$23M
Interest Income	$71M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$23M
EBITDA	$32M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$9M
Stock-Based Compensation	$599.0K
Deferred Income Tax	-$3M
Other Non-Cash Items	$13M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$6M
Acquisitions (Net)	$33M
Purchases of Investments	-$470M
Sales/Maturities of Investments	$201M
Other Investing Activities	$33M
NET CASH FROM INVESTING	-$208M
Net Debt Issuance	-$108M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$298M
NET CASH FROM FINANCING	$186M
FREE CASH FLOW	$30M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$938M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$957M
PP&E (Net)	$43M
Goodwill	$53M
Intangible Assets	$7M
Long-Term Investments	$1.4B
Tax Assets	$4M
Other Non-Current Assets	$250M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.7B
Account Payables	$0
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$83M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$2.5B
Common Stock	$14M
Additional Paid-In Capital	$111M
Retained Earnings	$99M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$218M
Minority Interest	$0
TOTAL EQUITY	$218M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$88M
Net Debt	$69M