COSO FY 2020 Earnings Report — CoastalSouth Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

CoastalSouth Bancshares, Inc.COSO

FY 2020 Earnings

Reported December 31, 2020

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	$44M	—	$36M	—	21.7%
Op. Income	$8M	—	$3M	—	137.2%
Gross Margin	79.5%	—	80.2%	—	-0.7pp
Net Margin	14.5%	—	7.2%	—	7.3pp
EPS (Diluted)	$0.80	—	$0.36	—	122.2%
Free Cash Flow	-$23M	—	-$41M	—	43.1%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$9M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$9M
Operating Expenses	$27M
Cost & Expenses	$36M
OPERATING INCOME	$8M
Interest Income	$38M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$9M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$9M
Operating Expenses	$27M
Cost & Expenses	$36M
OPERATING INCOME	$8M
Interest Income	$38M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$61.0K
Other Non-Cash Items	$4M
Change in Working Capital	-$33M
OPERATING CASH FLOW	-$20M
Capital Expenditure	-$3M
Acquisitions (Net)	-$228M
Purchases of Investments	-$83M
Sales/Maturities of Investments	$19M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$298M
Net Debt Issuance	$136M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$290M
NET CASH FROM FINANCING	$426M
FREE CASH FLOW	-$23M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$7M
Short-Term Investments	$120M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$132M
PP&E (Net)	$19M
Goodwill	$5M
Intangible Assets	$2M
Long-Term Investments	$811M
Tax Assets	$10M
Other Non-Current Assets	$170M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$892M
TOTAL CURRENT LIABILITIES	$892M
Long-Term Debt	$146M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$154M
TOTAL LIABILITIES	$1.0B
Common Stock	$8M
Additional Paid-In Capital	$122M
Retained Earnings	-$31M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$102M
Minority Interest	$0
TOTAL EQUITY	$102M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$146M
Net Debt	$139M