FNWD FY 2018 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2018 Earnings

Reported March 5, 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	$49M	—	$41M	—	18.1%
Op. Income	$11M	—	$12M	—	-9.0%
Gross Margin	86.8%	—	90.8%	—	-4.0pp
Net Margin	19.2%	—	21.8%	—	-2.6pp
EPS (Diluted)	$3.08	—	$3.13	—	-1.6%
Free Cash Flow	$10M	—	$11M	—	-10.5%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$707.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$14M
Operating Expenses	$31M
Cost & Expenses	$38M
OPERATING INCOME	$11M
Interest Income	$39M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$1M
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	$3M
EBIT	$11M
EBITDA	$13M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$707.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$14M
Operating Expenses	$31M
Cost & Expenses	$38M
OPERATING INCOME	$11M
Interest Income	$39M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$1M
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	$3M
EBIT	$11M
EBITDA	$13M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$3M
Stock-Based Compensation	$132.0K
Deferred Income Tax	$256.0K
Other Non-Cash Items	-$1M
Change in Working Capital	-$397.0K
OPERATING CASH FLOW	$11M
Capital Expenditure	-$1M
Acquisitions (Net)	$18M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$47M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	$22M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$8M
NET CASH FROM FINANCING	$27M
FREE CASH FLOW	$10M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$242M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$264M
PP&E (Net)	$25M
Goodwill	$8M
Intangible Assets	$0
Long-Term Investments	$759M
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$832M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$930M
TOTAL CURRENT LIABILITIES	$952M
Long-Term Debt	$43M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$43M
TOTAL LIABILITIES	$995M
Common Stock	$0
Additional Paid-In Capital	$12M
Retained Earnings	$92M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$101M
Minority Interest	$0
TOTAL EQUITY	$101M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$55M
Net Debt	$36M