CBAN FY 2022 Earnings Report — Colony Bankcorp, Inc. Revenue & Financial Results | Market Cap Arena

Colony Bankcorp, Inc.CBAN

FY 2022 Earnings

Reported March 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$127M	—	$107M	—	18.4%
Op. Income	$23M	—	$23M	—	-1.3%
Gross Margin	88.8%	—	95.2%	—	-6.5pp
Net Margin	15.4%	—	17.5%	—	-2.0pp
EPS (Diluted)	$1.14	—	$1.66	—	-31.3%
Free Cash Flow	$47M	—	$30M	—	54.8%

Revenue Flow

Item	Amount
REVENUE	$127M
Cost of Revenue	$14M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$53M
SG&A Expenses	$56M
Other Expenses	$33M
Operating Expenses	$89M
Cost & Expenses	$104M
OPERATING INCOME	$23M
Interest Income	$91M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$12M
EBIT	$23M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$127M
Cost of Revenue	$14M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$53M
SG&A Expenses	$56M
Other Expenses	$33M
Operating Expenses	$89M
Cost & Expenses	$104M
OPERATING INCOME	$23M
Interest Income	$91M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$3M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$12M
EBIT	$23M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$12M
Stock-Based Compensation	$2M
Deferred Income Tax	$1M
Other Non-Cash Items	$24M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$50M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$174M
Sales/Maturities of Investments	$131M
Other Investing Activities	-$402M
NET CASH FROM INVESTING	-$448M
Net Debt Issuance	$114M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$116M
NET CASH FROM FINANCING	$282M
FREE CASH FLOW	$47M
Net Change in Cash	-$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$433M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$453M
PP&E (Net)	$42M
Goodwill	$49M
Intangible Assets	$6M
Long-Term Investments	$2.2B
Tax Assets	$28M
Other Non-Current Assets	$141M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$203M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$215M
TOTAL LIABILITIES	$2.7B
Common Stock	$18M
Additional Paid-In Capital	$168M
Retained Earnings	$112M
Treasury Stock	$0
Accum. Other Comp. Income	-$66M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$230M
Minority Interest	$0
TOTAL EQUITY	$230M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$203M
Net Debt	$183M