COSO FY 2022 Earnings Report — CoastalSouth Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

CoastalSouth Bancshares, Inc.COSO

FY 2022 Earnings

Reported December 31, 2022

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	$76M	—	$57M	—	34.4%
Op. Income	$24M	—	$15M	—	54.1%
Gross Margin	80.8%	—	89.3%	—	-8.5pp
Net Margin	23.8%	—	21.7%	—	2.1pp
EPS (Diluted)	$2.05	—	$1.48	—	38.5%
Free Cash Flow	$81M	—	$69M	—	18.5%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$15M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$13M
Operating Expenses	$38M
Cost & Expenses	$53M
OPERATING INCOME	$24M
Interest Income	$67M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$15M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$13M
Operating Expenses	$38M
Cost & Expenses	$53M
OPERATING INCOME	$24M
Interest Income	$67M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$6M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$2M
Stock-Based Compensation	$937.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$61M
Change in Working Capital	-$183.0K
OPERATING CASH FLOW	$84M
Capital Expenditure	-$2M
Acquisitions (Net)	-$379M
Purchases of Investments	-$144M
Sales/Maturities of Investments	$22M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$503M
Net Debt Issuance	$96M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$128M
NET CASH FROM FINANCING	$224M
FREE CASH FLOW	$81M
Net Change in Cash	-$195M

Balance Sheet

Item	Amount
Cash & Equivalents	$19M
Short-Term Investments	$376M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$404M
PP&E (Net)	$23M
Goodwill	$5M
Intangible Assets	$2M
Long-Term Investments	$1.3B
Tax Assets	$22M
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$123M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$150M
TOTAL LIABILITIES	$1.7B
Common Stock	$9M
Additional Paid-In Capital	$137M
Retained Earnings	-$86.0K
Treasury Stock	$0
Accum. Other Comp. Income	-$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$119M
Minority Interest	$0
TOTAL EQUITY	$119M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$141M
Net Debt	$121M