FNWB FY 2017 Earnings Report — First Northwest Bancorp Revenue & Financial Results | Market Cap Arena

First Northwest BancorpFNWB

FY 2017 Earnings

Reported December 30, 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	$47M	—	$43M	—	8.4%
Op. Income	$7M	—	$7M	—	7.5%
Gross Margin	100.0%	—	85.1%	—	14.9pp
Net Margin	7.1%	—	11.9%	—	-4.8pp
EPS (Diluted)	$0.31	—	$0.46	—	-32.6%
Free Cash Flow	$4M	—	$179.0K	—	2227.4%

Revenue Flow

Item	Amount
REVENUE	$47M
Cost of Revenue	$0
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$792.0K
General & Administrative	$5M
SG&A Expenses	$28M
Other Expenses	-$9M
Operating Expenses	$28M
Cost & Expenses	$39M
OPERATING INCOME	$7M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$4M
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$47M
Cost of Revenue	$0
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$792.0K
General & Administrative	$5M
SG&A Expenses	$28M
Other Expenses	-$9M
Operating Expenses	$28M
Cost & Expenses	$39M
OPERATING INCOME	$7M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$4M
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$3M
Depreciation & Amortization	$1M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$0
Change in Working Capital	$326.0K
OPERATING CASH FLOW	$5M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$113M
Sales/Maturities of Investments	$51M
Other Investing Activities	-$55M
NET CASH FROM INVESTING	-$159M
Net Debt Issuance	$67M
Common Stock Repurchased	-$2M
Common Dividends Paid	$0
Other Financing Activities	$61M
NET CASH FROM FINANCING	$126M
FREE CASH FLOW	$4M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$41M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$31M
Tax Assets	$1.1B
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$84M
Deferred Revenue	$0
Other Current Liabilities	$270M
TOTAL CURRENT LIABILITIES	$354M
Long-Term Debt	$60M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$624M
TOTAL NON-CURRENT LIABILITIES	$684M
TOTAL LIABILITIES	$1.0B
Common Stock	$118.0K
Additional Paid-In Capital	$111M
Retained Earnings	$79M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$177M
Minority Interest	$0
TOTAL EQUITY	$177M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$144M
Net Debt	$117M