CLBK FY 2019 Earnings Report — Columbia Financial, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Financial, Inc.CLBK

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$292M	—	$247M	—	18.4%
Op. Income	$71M	—	$34M	—	111.2%
Gross Margin	68.4%	—	72.5%	—	-4.2pp
Net Margin	18.7%	—	9.2%	—	9.5pp
EPS (Diluted)	$0.49	—	$0.20	—	145.0%
Free Cash Flow	$2M	—	$43M	—	-94.3%

Revenue Flow

Item	Amount
REVENUE	$292M
Cost of Revenue	$92M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$85M
SG&A Expenses	$89M
Other Expenses	$40M
Operating Expenses	$129M
Cost & Expenses	$221M
OPERATING INCOME	$71M
Interest Income	$257M
Interest Expense	$88M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$16M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$5M
EBIT	$71M
EBITDA	$76M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$292M
Cost of Revenue	$92M
GROSS PROFIT	$200M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$85M
SG&A Expenses	$89M
Other Expenses	$40M
Operating Expenses	$129M
Cost & Expenses	$221M
OPERATING INCOME	$71M
Interest Income	$257M
Interest Expense	$88M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$16M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$55M
D&A	$5M
EBIT	$71M
EBITDA	$76M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$5M
Stock-Based Compensation	$7M
Deferred Income Tax	$8M
Other Non-Cash Items	-$3M
Change in Working Capital	-$50M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$19M
Acquisitions (Net)	$0
Purchases of Investments	-$278M
Sales/Maturities of Investments	$262M
Other Investing Activities	-$486M
NET CASH FROM INVESTING	-$521M
Net Debt Issuance	$135M
Common Stock Repurchased	-$56M
Common Dividends Paid	$0
Other Financing Activities	$453M
NET CASH FROM FINANCING	$533M
FREE CASH FLOW	$2M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$1.1B
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$73M
Goodwill	$61M
Intangible Assets	$8M
Long-Term Investments	$6.4B
Tax Assets	$0
Other Non-Current Assets	$427M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$8.2B
Account Payables	$0
Short-Term Debt	$108M
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$7.2B
Common Stock	$1M
Additional Paid-In Capital	$532M
Retained Earnings	$615M
Treasury Stock	-$55M
Accum. Other Comp. Income	-$69M
Other Equity	-$42M
TOTAL STOCKHOLDERS' EQUITY	$983M
Minority Interest	$0
TOTAL EQUITY	$983M
TOTAL LIABILITIES & EQUITY	$8.2B
Total Debt	$1.4B
Net Debt	$1.3B