CCB FY 2020 Earnings Report — Coastal Financial Corporation Revenue & Financial Results | Market Cap Arena

Coastal Financial CorporationCCB

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$71M	—	$57M	—	24.8%
Op. Income	$19M	—	$17M	—	14.9%
Gross Margin	80.3%	—	84.0%	—	-3.6pp
Net Margin	21.4%	—	23.2%	—	-1.9pp
EPS (Diluted)	$1.24	—	$1.08	—	14.8%
Free Cash Flow	$14M	—	$12M	—	12.1%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$14M
GROSS PROFIT	$57M
R&D Expenses	$0
Selling & Marketing	$317.0K
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	$12M
Operating Expenses	$38M
Cost & Expenses	$52M
OPERATING INCOME	$19M
Interest Income	$63M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$14M
GROSS PROFIT	$57M
R&D Expenses	$0
Selling & Marketing	$317.0K
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	$12M
Operating Expenses	$38M
Cost & Expenses	$52M
OPERATING INCOME	$19M
Interest Income	$63M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$1M
Stock-Based Compensation	$630.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$8M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$32M
Sales/Maturities of Investments	$39M
Other Investing Activities	-$669M
NET CASH FROM INVESTING	-$667M
Net Debt Issuance	$169M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$454M
NET CASH FROM FINANCING	$622M
FREE CASH FLOW	$14M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$163M
Short-Term Investments	$20M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$192M
PP&E (Net)	$24M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.5B
Tax Assets	$4M
Other Non-Current Assets	$9M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.8B
Account Payables	$531.0K
Short-Term Debt	$154M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$50M
TOTAL LIABILITIES	$1.6B
Common Stock	$88M
Additional Paid-In Capital	$0
Retained Earnings	$52M
Treasury Stock	$0
Accum. Other Comp. Income	$34.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$140M
Minority Interest	$0
TOTAL EQUITY	$140M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$200M
Net Debt	$36M