FNWD FY 2019 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2019 Earnings

Reported March 16, 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	$63M	—	$49M	—	29.6%
Op. Income	$14M	—	$11M	—	28.7%
Gross Margin	81.4%	—	86.8%	—	-5.4pp
Net Margin	19.2%	—	19.2%	—	-0.0pp
EPS (Diluted)	$3.53	—	$3.08	—	14.6%
Free Cash Flow	$8M	—	$10M	—	-16.9%

Revenue Flow

Item	Amount
REVENUE	$63M
Cost of Revenue	$12M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$926.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$17M
Operating Expenses	$37M
Cost & Expenses	$49M
OPERATING INCOME	$14M
Interest Income	$52M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$63M
Cost of Revenue	$12M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$926.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$17M
Operating Expenses	$37M
Cost & Expenses	$49M
OPERATING INCOME	$14M
Interest Income	$52M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$2M
Stock-Based Compensation	$238.0K
Deferred Income Tax	$1M
Other Non-Cash Items	-$2M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$3M
Acquisitions (Net)	$53M
Purchases of Investments	-$93M
Sales/Maturities of Investments	$70M
Other Investing Activities	-$54M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$17M
Common Dividends Paid	-$4M
Other Financing Activities	$81M
NET CASH FROM FINANCING	$47M
FREE CASH FLOW	$8M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$277M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$315M
PP&E (Net)	$29M
Goodwill	$11M
Intangible Assets	$0
Long-Term Investments	$904M
Tax Assets	$0
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$11M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$14M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$1.2B
Common Stock	$0
Additional Paid-In Capital	$30M
Retained Earnings	$100M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$134M
Minority Interest	$0
TOTAL EQUITY	$134M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$25M
Net Debt	-$8M