CCB FY 2018 Earnings Report — Coastal Financial Corporation Revenue & Financial Results | Market Cap Arena

Coastal Financial CorporationCCB

FY 2018 Earnings

Reported March 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$44M	—	$36M	—	21.9%
Op. Income	$12M	—	$10M	—	21.3%
Gross Margin	87.0%	—	89.7%	—	-2.7pp
Net Margin	21.9%	—	15.0%	—	7.0pp
EPS (Diluted)	$0.91	—	$0.48	—	89.6%
Free Cash Flow	$13M	—	$7M	—	102.0%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$6M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$391.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$8M
Operating Expenses	$26M
Cost & Expenses	$32M
OPERATING INCOME	$12M
Interest Income	$39M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$1M
EBIT	$12M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$6M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$391.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$8M
Operating Expenses	$26M
Cost & Expenses	$32M
OPERATING INCOME	$12M
Interest Income	$39M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$1M
EBIT	$12M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$1M
Stock-Based Compensation	$310.0K
Deferred Income Tax	-$382.0K
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$86.0K
Sales/Maturities of Investments	$229.0K
Other Investing Activities	-$138M
NET CASH FROM INVESTING	-$139M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$101M
NET CASH FROM FINANCING	$134M
FREE CASH FLOW	$13M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$126M
Short-Term Investments	$37M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$165M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$764M
Tax Assets	$3M
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$787M
TOTAL ASSETS	$952M
Account Payables	$279.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$804M
TOTAL CURRENT LIABILITIES	$804M
Long-Term Debt	$34M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$39M
TOTAL LIABILITIES	$843M
Common Stock	$86M
Additional Paid-In Capital	$0
Retained Earnings	$24M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$109M
Minority Interest	$0
TOTAL EQUITY	$109M
TOTAL LIABILITIES & EQUITY	$952M
Total Debt	$34M
Net Debt	-$92M