FNWB FY 2018 Earnings Report — First Northwest Bancorp Revenue & Financial Results | Market Cap Arena

First Northwest BancorpFNWB

FY 2018 Earnings

Reported March 14, 2019

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	$52M	—	$47M	—	10.8%
Op. Income	$9M	—	$7M	—	19.1%
Gross Margin	80.3%	—	100.0%	—	-19.7pp
Net Margin	13.8%	—	7.1%	—	6.6pp
EPS (Diluted)	$0.68	—	$0.31	—	119.4%
Free Cash Flow	$10M	—	$4M	—	151.9%

Revenue Flow

Item	Amount
REVENUE	$52M
Cost of Revenue	$10M
GROSS PROFIT	$41M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$9M
Operating Expenses	$33M
Cost & Expenses	$43M
OPERATING INCOME	$9M
Interest Income	$45M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$52M
Cost of Revenue	$10M
GROSS PROFIT	$41M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$9M
Operating Expenses	$33M
Cost & Expenses	$43M
OPERATING INCOME	$9M
Interest Income	$45M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	-$352.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$30.0K
OPERATING CASH FLOW	$13M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$63M
Sales/Maturities of Investments	$91M
Other Investing Activities	-$86M
NET CASH FROM INVESTING	-$61M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$335.0K
Other Financing Activities	$55M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$10M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$263M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$299M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$907M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$960M
TOTAL ASSETS	$1.3B
Account Payables	$521.0K
Short-Term Debt	$77M
Deferred Revenue	$0
Other Current Liabilities	$940M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$60M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$1.1B
Common Stock	$112.0K
Additional Paid-In Capital	$106M
Retained Earnings	$82M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	-$11M
TOTAL STOCKHOLDERS' EQUITY	$172M
Minority Interest	$0
TOTAL EQUITY	$172M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$137M
Net Debt	$110M