CFFN FY 2021 Earnings Report — Capitol Federal Financial, Inc. Revenue & Financial Results | Market Cap Arena

Capitol Federal Financial, Inc.CFFN

FY 2021 Earnings

Reported November 24, 2021

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	$279M	—	$322M	—	-13.3%
Op. Income	$96M	—	$81M	—	19.1%
Gross Margin	73.2%	—	57.1%	—	16.1pp
Net Margin	27.3%	—	20.1%	—	7.2pp
EPS (Diluted)	$0.56	—	$0.47	—	19.1%
Free Cash Flow	$65M	—	$78M	—	-16.8%

Revenue Flow

Item	Amount
REVENUE	$279M
Cost of Revenue	$75M
GROSS PROFIT	$204M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$59M
SG&A Expenses	$64M
Other Expenses	$44M
Operating Expenses	$108M
Cost & Expenses	$183M
OPERATING INCOME	$96M
Interest Income	$258M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$96M
Income Tax Expense	$20M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$11M
EBIT	$96M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$279M
Cost of Revenue	$75M
GROSS PROFIT	$204M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$59M
SG&A Expenses	$64M
Other Expenses	$44M
Operating Expenses	$108M
Cost & Expenses	$183M
OPERATING INCOME	$96M
Interest Income	$258M
Interest Expense	$83M
Other Income/Expenses	$0
INCOME BEFORE TAX	$96M
Income Tax Expense	$20M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$11M
EBIT	$96M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$11M
Stock-Based Compensation	$3M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$12M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$602M
Other Investing Activities	$160M
NET CASH FROM INVESTING	-$327M
Net Debt Issuance	-$203M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$118M
Other Financing Activities	$408M
NET CASH FROM FINANCING	$83M
FREE CASH FLOW	$65M
Net Change in Cash	-$169M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$2.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$99M
Goodwill	$9M
Intangible Assets	$4M
Long-Term Investments	$7.1B
Tax Assets	$0
Other Non-Current Assets	$381M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$9.6B
Account Payables	$129M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$8.4B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$99M
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	-$31M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.6B
Total Debt	$1.6B
Net Debt	$1.5B