CLBK FY 2022 Earnings Report — Columbia Financial, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Financial, Inc.CLBK

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$340M	—	$309M	—	10.1%
Op. Income	$117M	—	$126M	—	-7.4%
Gross Margin	85.8%	—	91.2%	—	-5.5pp
Net Margin	25.3%	—	29.8%	—	-4.5pp
EPS (Diluted)	$0.81	—	$0.88	—	-8.0%
Free Cash Flow	$135M	—	$93M	—	44.8%

Revenue Flow

Item	Amount
REVENUE	$340M
Cost of Revenue	$48M
GROSS PROFIT	$292M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$120M
SG&A Expenses	$122M
Other Expenses	$52M
Operating Expenses	$175M
Cost & Expenses	$223M
OPERATING INCOME	$117M
Interest Income	$308M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$31M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$13M
EBIT	$117M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$340M
Cost of Revenue	$48M
GROSS PROFIT	$292M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$120M
SG&A Expenses	$122M
Other Expenses	$52M
Operating Expenses	$175M
Cost & Expenses	$223M
OPERATING INCOME	$117M
Interest Income	$308M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$117M
Income Tax Expense	$31M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$13M
EBIT	$117M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$13M
Stock-Based Compensation	$12M
Deferred Income Tax	$13M
Other Non-Cash Items	$7M
Change in Working Capital	$10M
OPERATING CASH FLOW	$142M
Capital Expenditure	-$7M
Acquisitions (Net)	$141M
Purchases of Investments	-$170M
Sales/Maturities of Investments	$440M
Other Investing Activities	-$1.0B
NET CASH FROM INVESTING	-$615M
Net Debt Issuance	$744M
Common Stock Repurchased	-$99M
Common Dividends Paid	$0
Other Financing Activities	-$65M
NET CASH FROM FINANCING	$581M
FREE CASH FLOW	$135M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$179M
Short-Term Investments	$1.3B
Net Receivables	$34M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$84M
Goodwill	$111M
Intangible Assets	$14M
Long-Term Investments	$8.0B
Tax Assets	$0
Other Non-Current Assets	$608M
TOTAL NON-CURRENT ASSETS	$8.9B
TOTAL ASSETS	$10.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.0B
TOTAL CURRENT LIABILITIES	$8.2B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$9.4B
Common Stock	$1M
Additional Paid-In Capital	$781M
Retained Earnings	$858M
Treasury Stock	-$372M
Accum. Other Comp. Income	-$179M
Other Equity	-$35M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$1.1B
Net Debt	$948M