FLG FY 2021 Earnings Report — Flagstar Financial, Inc. Revenue & Financial Results | Market Cap Arena

Flagstar Financial, Inc.FLG

FY 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.8B	—	-1.1%
Op. Income	$806M	—	$588M	—	37.1%
Gross Margin	77.0%	—	62.1%	—	14.8pp
Net Margin	34.1%	—	28.9%	—	5.2pp
EPS (Diluted)	$3.59	—	$3.06	—	17.3%
Free Cash Flow	$286M	—	$334M	—	-14.4%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$403M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$430M
SG&A Expenses	$430M
Other Expenses	$111M
Operating Expenses	$541M
Cost & Expenses	$944M
OPERATING INCOME	$806M
Interest Income	$1.7B
Interest Expense	$400M
Other Income/Expenses	$0
INCOME BEFORE TAX	$806M
Income Tax Expense	$210M
Net Income from Continuing Ops	$596M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$596M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$556M
D&A	$21M
EBIT	$806M
EBITDA	$827M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$403M
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$430M
SG&A Expenses	$430M
Other Expenses	$111M
Operating Expenses	$541M
Cost & Expenses	$944M
OPERATING INCOME	$806M
Interest Income	$1.7B
Interest Expense	$400M
Other Income/Expenses	$0
INCOME BEFORE TAX	$806M
Income Tax Expense	$210M
Net Income from Continuing Ops	$596M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$596M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$556M
D&A	$21M
EBIT	$806M
EBITDA	$827M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$596M
Depreciation & Amortization	$21M
Stock-Based Compensation	$31M
Deferred Income Tax	-$13M
Other Non-Cash Items	-$3M
Change in Working Capital	-$342M
OPERATING CASH FLOW	$290M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$2.7B
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$478M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$316M
Other Financing Activities	$2.6B
NET CASH FROM FINANCING	$2.7B
FREE CASH FLOW	$286M
Net Change in Cash	$263M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$4.6B
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$270M
Goodwill	$2.4B
Intangible Assets	$0
Long-Term Investments	$43.8B
Tax Assets	$0
Other Non-Current Assets	$4.5B
TOTAL NON-CURRENT ASSETS	$50.9B
TOTAL ASSETS	$59.5B
Account Payables	$18M
Short-Term Debt	$4.5B
Deferred Revenue	$0
Other Current Liabilities	$35.1B
TOTAL CURRENT LIABILITIES	$39.6B
Long-Term Debt	$15.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$3.2B
TOTAL NON-CURRENT LIABILITIES	$12.9B
TOTAL LIABILITIES	$52.5B
Common Stock	$5M
Additional Paid-In Capital	$6.1B
Retained Earnings	$741M
Treasury Stock	-$246M
Accum. Other Comp. Income	-$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.0B
Minority Interest	$0
TOTAL EQUITY	$7.0B
TOTAL LIABILITIES & EQUITY	$59.5B
Total Debt	$20.6B
Net Debt	$18.4B