FLG FY 2020 Earnings Report — Flagstar Financial, Inc. Revenue & Financial Results | Market Cap Arena

Flagstar Financial, Inc.FLG

FY 2020 Earnings

Reported December 31, 2020

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	$1.8B	—	$1.9B	—	-6.4%
Op. Income	$588M	—	$523M	—	12.4%
Gross Margin	62.1%	—	54.7%	—	7.4pp
Net Margin	28.9%	—	20.9%	—	8.0pp
EPS (Diluted)	$3.06	—	$2.31	—	32.5%
Free Cash Flow	$334M	—	$510M	—	-34.5%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$670M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$86M
Operating Expenses	$511M
Cost & Expenses	$1.2B
OPERATING INCOME	$588M
Interest Income	$1.7B
Interest Expense	$608M
Other Income/Expenses	$0
INCOME BEFORE TAX	$588M
Income Tax Expense	$77M
Net Income from Continuing Ops	$511M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$511M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$472M
D&A	$24M
EBIT	$588M
EBITDA	$612M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$670M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$86M
Operating Expenses	$511M
Cost & Expenses	$1.2B
OPERATING INCOME	$588M
Interest Income	$1.7B
Interest Expense	$608M
Other Income/Expenses	$0
INCOME BEFORE TAX	$588M
Income Tax Expense	$77M
Net Income from Continuing Ops	$511M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$511M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$472M
D&A	$24M
EBIT	$588M
EBITDA	$612M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$511M
Depreciation & Amortization	$24M
Stock-Based Compensation	$29M
Deferred Income Tax	$219M
Other Non-Cash Items	$72M
Change in Working Capital	-$521M
OPERATING CASH FLOW	$334M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$2.5B
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$1.5B
Common Stock Repurchased	-$59M
Common Dividends Paid	-$316M
Other Financing Activities	$780M
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$334M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$4.5B
Net Receivables	$1.7B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.2B
PP&E (Net)	$554M
Goodwill	$2.4B
Intangible Assets	$0
Long-Term Investments	$41.1B
Tax Assets	$0
Other Non-Current Assets	$4.0B
TOTAL NON-CURRENT ASSETS	$48.1B
TOTAL ASSETS	$56.3B
Account Payables	$19M
Short-Term Debt	$800M
Deferred Revenue	$0
Other Current Liabilities	$32.4B
TOTAL CURRENT LIABILITIES	$33.3B
Long-Term Debt	$15.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$657M
TOTAL NON-CURRENT LIABILITIES	$16.2B
TOTAL LIABILITIES	$49.5B
Common Stock	$5M
Additional Paid-In Capital	$6.1B
Retained Earnings	$494M
Treasury Stock	-$258M
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.8B
Minority Interest	$0
TOTAL EQUITY	$6.8B
TOTAL LIABILITIES & EQUITY	$56.3B
Total Debt	$16.4B
Net Debt	$14.4B