FNWB FY 2016 Earnings Report — First Northwest Bancorp Revenue & Financial Results | Market Cap Arena

First Northwest BancorpFNWB

FY 2016 Earnings

Reported September 8, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$43M	—	$38M	—	12.1%
Op. Income	$7M	—	$5M	—	24.4%
Gross Margin	85.1%	—	87.0%	—	-1.9pp
Net Margin	11.9%	—	10.4%	—	1.5pp
EPS (Diluted)	$0.46	—	$0.33	—	39.4%
Free Cash Flow	$179.0K	—	$9M	—	-97.9%

Revenue Flow

Item	Amount
REVENUE	$43M
Cost of Revenue	$6M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$685.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$8M
Operating Expenses	$30M
Cost & Expenses	$36M
OPERATING INCOME	$7M
Interest Income	$37M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$6M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$685.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$8M
Operating Expenses	$30M
Cost & Expenses	$36M
OPERATING INCOME	$7M
Interest Income	$37M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$1M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$1M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$1M
Capital Expenditure	-$956.0K
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$118M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$17M
Common Dividends Paid	$0
Other Financing Activities	$101M
NET CASH FROM FINANCING	$81M
FREE CASH FLOW	$179.0K
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$229M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$262M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$986.0K
Long-Term Investments	$779M
Tax Assets	$0
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$826M
TOTAL ASSETS	$1.1B
Account Payables	$208.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$824M
TOTAL CURRENT LIABILITIES	$831M
Long-Term Debt	$77M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$79M
TOTAL LIABILITIES	$910M
Common Stock	$119.0K
Additional Paid-In Capital	$112M
Retained Earnings	$78M
Treasury Stock	$0
Accum. Other Comp. Income	-$434.0K
Other Equity	-$12M
TOTAL STOCKHOLDERS' EQUITY	$178M
Minority Interest	$0
TOTAL EQUITY	$178M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$77M
Net Debt	$53M