FLG FY 2017 Earnings Report — Flagstar Financial, Inc. Revenue & Financial Results | Market Cap Arena

Flagstar Financial, Inc.FLG

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-0.5%
Op. Income	$668M	—	$777M	—	-14.0%
Gross Margin	73.1%	—	78.6%	—	-5.5pp
Net Margin	25.6%	—	27.1%	—	-1.5pp
EPS (Diluted)	$2.70	—	$3.04	—	-11.2%
Free Cash Flow	$1.3B	—	$671M	—	93.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$489M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$561M
SG&A Expenses	$561M
Other Expenses	$99M
Operating Expenses	$660M
Cost & Expenses	$1.1B
OPERATING INCOME	$668M
Interest Income	$1.6B
Interest Expense	$452M
Other Income/Expenses	$0
INCOME BEFORE TAX	$668M
Income Tax Expense	$202M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$438M
D&A	$33M
EBIT	$668M
EBITDA	$701M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$489M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$561M
SG&A Expenses	$561M
Other Expenses	$99M
Operating Expenses	$660M
Cost & Expenses	$1.1B
OPERATING INCOME	$668M
Interest Income	$1.6B
Interest Expense	$452M
Other Income/Expenses	$0
INCOME BEFORE TAX	$668M
Income Tax Expense	$202M
Net Income from Continuing Ops	$466M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$466M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$438M
D&A	$33M
EBIT	$668M
EBITDA	$701M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$466M
Depreciation & Amortization	$33M
Stock-Based Compensation	$36M
Deferred Income Tax	$21M
Other Non-Cash Items	$2.0B
Change in Working Capital	-$1.2B
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	$701M
NET CASH FROM INVESTING	$1.1B
Net Debt Issuance	-$760M
Common Stock Repurchased	-$18M
Common Dividends Paid	-$332M
Other Financing Activities	$214M
NET CASH FROM FINANCING	-$418M
FREE CASH FLOW	$1.3B
Net Change in Cash	$2.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$2.3B
Net Receivables	$663M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.5B
PP&E (Net)	$369M
Goodwill	$2.4B
Intangible Assets	$6M
Long-Term Investments	$37.6B
Tax Assets	$0
Other Non-Current Assets	$3.3B
TOTAL NON-CURRENT ASSETS	$43.7B
TOTAL ASSETS	$49.1B
Account Payables	$0
Short-Term Debt	$450M
Deferred Revenue	$0
Other Current Liabilities	$29.1B
TOTAL CURRENT LIABILITIES	$29.6B
Long-Term Debt	$12.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$313M
TOTAL NON-CURRENT LIABILITIES	$12.8B
TOTAL LIABILITIES	$42.3B
Common Stock	$5M
Additional Paid-In Capital	$6.1B
Retained Earnings	$238M
Treasury Stock	-$8M
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$0
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$49.1B
Total Debt	$12.9B
Net Debt	$10.4B