FFWM FY 2014 Earnings Report — First Foundation Inc. Revenue & Financial Results | Market Cap Arena

First Foundation Inc.FFWM

FY 2014 Earnings

Reported March 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$72M	—	$59M	—	22.3%
Op. Income	$15M	—	$9M	—	56.3%
Gross Margin	93.3%	—	90.0%	—	3.3pp
Net Margin	11.6%	—	13.3%	—	-1.7pp
EPS (Diluted)	$0.51	—	$0.39	—	30.8%
Free Cash Flow	$9M	—	$6M	—	51.6%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$5M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$34M
SG&A Expenses	$34M
Other Expenses	$19M
Operating Expenses	$53M
Cost & Expenses	$57M
OPERATING INCOME	$15M
Interest Income	$47M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$6M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$1M
EBIT	$15M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$5M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$34M
SG&A Expenses	$34M
Other Expenses	$19M
Operating Expenses	$53M
Cost & Expenses	$57M
OPERATING INCOME	$15M
Interest Income	$47M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$6M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$1M
EBIT	$15M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$1M
Stock-Based Compensation	$451.0K
Deferred Income Tax	$576.0K
Other Non-Cash Items	-$3M
Change in Working Capital	$2M
OPERATING CASH FLOW	$9M
Capital Expenditure	-$169.0K
Acquisitions (Net)	$0
Purchases of Investments	-$84M
Sales/Maturities of Investments	$8M
Other Investing Activities	-$265M
NET CASH FROM INVESTING	-$340M
Net Debt Issuance	$142M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$161M
NET CASH FROM FINANCING	$304M
FREE CASH FLOW	$9M
Net Change in Cash	-$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$138M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$168M
PP&E (Net)	$2M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$10M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$963M
TOTAL CURRENT LIABILITIES	$963M
Long-Term Debt	$283M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$293M
TOTAL LIABILITIES	$1.3B
Common Stock	$8.0K
Additional Paid-In Capital	$78M
Retained Earnings	$20M
Treasury Stock	$0
Accum. Other Comp. Income	$900.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$99M
Minority Interest	$0
TOTAL EQUITY	$99M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$283M
Net Debt	$253M