FNWB FY 2019 Earnings Report — First Northwest Bancorp Revenue & Financial Results | Market Cap Arena

First Northwest BancorpFNWB

FY 2019 Earnings

Reported March 6, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$56M	—	$52M	—	8.9%
Op. Income	$11M	—	$9M	—	27.8%
Gross Margin	78.5%	—	80.3%	—	-1.8pp
Net Margin	16.0%	—	13.8%	—	2.3pp
EPS (Diluted)	$0.91	—	$0.68	—	33.8%
Free Cash Flow	$14M	—	$10M	—	30.2%

Revenue Flow

Item	Amount
REVENUE	$56M
Cost of Revenue	$12M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$9M
Operating Expenses	$33M
Cost & Expenses	$45M
OPERATING INCOME	$11M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$56M
Cost of Revenue	$12M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$9M
Operating Expenses	$33M
Cost & Expenses	$45M
OPERATING INCOME	$11M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	$313.0K
Other Non-Cash Items	-$932.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$426.0K
Acquisitions (Net)	$0
Purchases of Investments	-$58M
Sales/Maturities of Investments	$52M
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$1M
Other Financing Activities	$61M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$14M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$316M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$377M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$871.0K
Long-Term Investments	$879M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$930M
TOTAL ASSETS	$1.3B
Account Payables	$373.0K
Short-Term Debt	$63M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$50M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$1.1B
Common Stock	$107.0K
Additional Paid-In Capital	$102M
Retained Earnings	$86M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$10M
TOTAL STOCKHOLDERS' EQUITY	$177M
Minority Interest	$0
TOTAL EQUITY	$177M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$113M
Net Debt	$64M