COSO FY 2021 Earnings Report — CoastalSouth Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

CoastalSouth Bancshares, Inc.COSO

FY 2021 Earnings

Reported December 31, 2021

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	$57M	—	$44M	—	29.5%
Op. Income	$15M	—	$8M	—	88.1%
Gross Margin	89.3%	—	79.5%	—	9.8pp
Net Margin	21.7%	—	14.5%	—	7.2pp
EPS (Diluted)	$1.48	—	$0.80	—	85.0%
Free Cash Flow	$69M	—	-$23M	—	396.0%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$6M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$12M
Operating Expenses	$35M
Cost & Expenses	$41M
OPERATING INCOME	$15M
Interest Income	$46M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$15M
EBITDA	$17M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$6M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$12M
Operating Expenses	$35M
Cost & Expenses	$41M
OPERATING INCOME	$15M
Interest Income	$46M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$15M
EBITDA	$17M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	-$609.0K
Other Non-Cash Items	$58M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$71M
Capital Expenditure	-$2M
Acquisitions (Net)	$81M
Purchases of Investments	-$177M
Sales/Maturities of Investments	$17M
Other Investing Activities	-$145M
NET CASH FROM INVESTING	-$226M
Net Debt Issuance	-$101M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$324M
NET CASH FROM FINANCING	$223M
FREE CASH FLOW	$69M
Net Change in Cash	$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$502M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$523M
PP&E (Net)	$21M
Goodwill	$5M
Intangible Assets	$3M
Long-Term Investments	$806M
Tax Assets	$14M
Other Non-Current Assets	$240M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$18M
TOTAL NON-CURRENT LIABILITIES	$53M
TOTAL LIABILITIES	$1.5B
Common Stock	$9M
Additional Paid-In Capital	$132M
Retained Earnings	-$18M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$125M
Minority Interest	$0
TOTAL EQUITY	$125M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$45M
Net Debt	$29M