DCOM FY 2020 Earnings Report — Dime Community Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Dime Community Bancshares, Inc.DCOM

FY 2020 Earnings

Reported March 15, 2021

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	$255M	—	$250M	—	1.9%
Op. Income	$55M	—	$47M	—	17.3%
Gross Margin	67.7%	—	56.8%	—	10.9pp
Net Margin	16.6%	—	14.4%	—	2.1pp
EPS (Diluted)	$1.74	—	$1.01	—	72.3%
Free Cash Flow	$59M	—	$67M	—	-11.7%

Revenue Flow

Item	Amount
REVENUE	$255M
Cost of Revenue	$82M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$67M
SG&A Expenses	$68M
Other Expenses	$49M
Operating Expenses	$118M
Cost & Expenses	$200M
OPERATING INCOME	$55M
Interest Income	$234M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$5M
EBIT	$55M
EBITDA	$60M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$255M
Cost of Revenue	$82M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$67M
SG&A Expenses	$68M
Other Expenses	$49M
Operating Expenses	$118M
Cost & Expenses	$200M
OPERATING INCOME	$55M
Interest Income	$234M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$13M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$5M
EBIT	$55M
EBITDA	$60M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$5M
Stock-Based Compensation	$7M
Deferred Income Tax	-$2M
Other Non-Cash Items	$39M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$954.0K
Acquisitions (Net)	$0
Purchases of Investments	-$220M
Sales/Maturities of Investments	$248M
Other Investing Activities	-$351M
NET CASH FROM INVESTING	-$324M
Net Debt Issuance	$122M
Common Stock Repurchased	-$35M
Common Dividends Paid	-$19M
Other Financing Activities	$173M
NET CASH FROM FINANCING	$353M
FREE CASH FLOW	$59M
Net Change in Cash	$88M

Balance Sheet

Item	Amount
Cash & Equivalents	$244M
Short-Term Investments	$539M
Net Receivables	$35M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$828M
PP&E (Net)	$53M
Goodwill	$56M
Intangible Assets	$3M
Long-Term Investments	$5.6B
Tax Assets	$0
Other Non-Current Assets	$231M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$6.8B
Account Payables	$0
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$4.5B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$76M
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$6.1B
Common Stock	$348.0K
Additional Paid-In Capital	$278M
Retained Earnings	$601M
Treasury Stock	-$287M
Accum. Other Comp. Income	-$6M
Other Equity	-$1M
TOTAL STOCKHOLDERS' EQUITY	$701M
Minority Interest	$0
TOTAL EQUITY	$701M
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$1.5B
Net Debt	$1.2B