CLBK FY 2021 Earnings Report — Columbia Financial, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Financial, Inc.CLBK

FY 2021 Earnings

Reported March 1, 2022

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	$309M	—	$326M	—	-5.3%
Op. Income	$126M	—	$76M	—	65.5%
Gross Margin	91.2%	—	71.9%	—	19.4pp
Net Margin	29.8%	—	17.7%	—	12.1pp
EPS (Diluted)	$0.88	—	$0.52	—	69.2%
Free Cash Flow	$93M	—	$44M	—	109.8%

Revenue Flow

Item	Amount
REVENUE	$309M
Cost of Revenue	$27M
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$102M
SG&A Expenses	$104M
Other Expenses	$51M
Operating Expenses	$156M
Cost & Expenses	$183M
OPERATING INCOME	$126M
Interest Income	$268M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$126M
Income Tax Expense	$34M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$12M
EBIT	$126M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$309M
Cost of Revenue	$27M
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$102M
SG&A Expenses	$104M
Other Expenses	$51M
Operating Expenses	$156M
Cost & Expenses	$183M
OPERATING INCOME	$126M
Interest Income	$268M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$126M
Income Tax Expense	$34M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$12M
EBIT	$126M
EBITDA	$138M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$12M
Stock-Based Compensation	$13M
Deferred Income Tax	$18M
Other Non-Cash Items	-$17M
Change in Working Capital	-$18M
OPERATING CASH FLOW	$99M
Capital Expenditure	-$5M
Acquisitions (Net)	$20M
Purchases of Investments	-$871M
Sales/Maturities of Investments	$496M
Other Investing Activities	-$84M
NET CASH FROM INVESTING	-$444M
Net Debt Issuance	-$484M
Common Stock Repurchased	-$108M
Common Dividends Paid	$0
Other Financing Activities	$585M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$93M
Net Change in Cash	-$352M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$1.7B
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$79M
Goodwill	$85M
Intangible Assets	$6M
Long-Term Investments	$6.7B
Tax Assets	$0
Other Non-Current Assets	$520M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$9.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$7.6B
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$377M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$414M
TOTAL LIABILITIES	$8.1B
Common Stock	$1M
Additional Paid-In Capital	$668M
Retained Earnings	$765M
Treasury Stock	-$272M
Accum. Other Comp. Income	-$46M
Other Equity	-$38M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.2B
Total Debt	$377M
Net Debt	$306M