CLBK FY 2020 Earnings Report — Columbia Financial, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Financial, Inc.CLBK

FY 2020 Earnings

Reported March 1, 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	$326M	—	$292M	—	11.7%
Op. Income	$76M	—	$71M	—	7.3%
Gross Margin	71.9%	—	68.4%	—	3.5pp
Net Margin	17.7%	—	18.7%	—	-1.1pp
EPS (Diluted)	$0.52	—	$0.49	—	6.1%
Free Cash Flow	$44M	—	$2M	—	1691.1%

Revenue Flow

Item	Amount
REVENUE	$326M
Cost of Revenue	$92M
GROSS PROFIT	$234M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$103M
SG&A Expenses	$105M
Other Expenses	$53M
Operating Expenses	$158M
Cost & Expenses	$250M
OPERATING INCOME	$76M
Interest Income	$292M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$19M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$10M
EBIT	$76M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$326M
Cost of Revenue	$92M
GROSS PROFIT	$234M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$103M
SG&A Expenses	$105M
Other Expenses	$53M
Operating Expenses	$158M
Cost & Expenses	$250M
OPERATING INCOME	$76M
Interest Income	$292M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$19M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$10M
EBIT	$76M
EBITDA	$87M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$10M
Stock-Based Compensation	$12M
Deferred Income Tax	$10M
Other Non-Cash Items	$8M
Change in Working Capital	-$49M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$5M
Acquisitions (Net)	$155M
Purchases of Investments	-$306M
Sales/Maturities of Investments	$317M
Other Investing Activities	$95M
NET CASH FROM INVESTING	$258M
Net Debt Issuance	-$647M
Common Stock Repurchased	-$108M
Common Dividends Paid	$0
Other Financing Activities	$796M
NET CASH FROM FINANCING	$41M
FREE CASH FLOW	$44M
Net Change in Cash	$347M

Balance Sheet

Item	Amount
Cash & Equivalents	$423M
Short-Term Investments	$1.3B
Net Receivables	$29M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$76M
Goodwill	$80M
Intangible Assets	$7M
Long-Term Investments	$6.4B
Tax Assets	$0
Other Non-Current Assets	$486M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$8.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$6.8B
TOTAL CURRENT LIABILITIES	$7.0B
Long-Term Debt	$799M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$832M
TOTAL LIABILITIES	$7.8B
Common Stock	$1M
Additional Paid-In Capital	$610M
Retained Earnings	$673M
Treasury Stock	-$163M
Accum. Other Comp. Income	-$70M
Other Equity	-$40M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$8.8B
Total Debt	$799M
Net Debt	$376M