FLG FY 2018 Earnings Report — Flagstar Financial, Inc. Revenue & Financial Results | Market Cap Arena

Flagstar Financial, Inc.FLG

FY 2018 Earnings

Reported December 31, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-2.0%
Op. Income	$558M	—	$668M	—	-16.5%
Gross Margin	62.0%	—	73.1%	—	-11.1pp
Net Margin	23.7%	—	25.6%	—	-1.9pp
EPS (Diluted)	$2.37	—	$2.70	—	-12.2%
Free Cash Flow	$531M	—	$1.3B	—	-59.2%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$677M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$447M
SG&A Expenses	$447M
Other Expenses	$100M
Operating Expenses	$547M
Cost & Expenses	$1.2B
OPERATING INCOME	$558M
Interest Income	$1.7B
Interest Expense	$659M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$135M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$385M
D&A	$32M
EBIT	$558M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$677M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$447M
SG&A Expenses	$447M
Other Expenses	$100M
Operating Expenses	$547M
Cost & Expenses	$1.2B
OPERATING INCOME	$558M
Interest Income	$1.7B
Interest Expense	$659M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$135M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$385M
D&A	$32M
EBIT	$558M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$422M
Depreciation & Amortization	$32M
Stock-Based Compensation	$36M
Deferred Income Tax	$23M
Other Non-Cash Items	$50M
Change in Working Capital	-$23M
OPERATING CASH FLOW	$540M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$1.8B
NET CASH FROM INVESTING	-$4.0B
Net Debt Issuance	$1.3B
Common Stock Repurchased	-$163M
Common Dividends Paid	-$333M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$2.4B
FREE CASH FLOW	$531M
Net Change in Cash	-$1.1B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$4.4B
Net Receivables	$683M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.5B
PP&E (Net)	$346M
Goodwill	$2.4B
Intangible Assets	$780.0K
Long-Term Investments	$39.4B
Tax Assets	$0
Other Non-Current Assets	$3.2B
TOTAL NON-CURRENT ASSETS	$45.4B
TOTAL ASSETS	$51.9B
Account Payables	$0
Short-Term Debt	$500M
Deferred Revenue	$0
Other Current Liabilities	$30.8B
TOTAL CURRENT LIABILITIES	$31.3B
Long-Term Debt	$13.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$272M
TOTAL NON-CURRENT LIABILITIES	$14.0B
TOTAL LIABILITIES	$45.2B
Common Stock	$5M
Additional Paid-In Capital	$6.1B
Retained Earnings	$297M
Treasury Stock	-$162M
Accum. Other Comp. Income	-$88M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.7B
Minority Interest	$0
TOTAL EQUITY	$6.7B
TOTAL LIABILITIES & EQUITY	$51.9B
Total Debt	$14.2B
Net Debt	$12.7B