FNWD FY 2020 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2020 Earnings

Reported March 22, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$70M	—	$63M	—	10.9%
Op. Income	$19M	—	$14M	—	35.0%
Gross Margin	86.5%	—	81.4%	—	5.0pp
Net Margin	22.8%	—	19.2%	—	3.6pp
EPS (Diluted)	$4.79	—	$3.53	—	35.7%
Free Cash Flow	$16M	—	$8M	—	102.1%

Revenue Flow

Item	Amount
REVENUE	$70M
Cost of Revenue	$9M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$732.0K
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$51M
OPERATING INCOME	$19M
Interest Income	$52M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$3M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$3M
EBIT	$19M
EBITDA	$22M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$70M
Cost of Revenue	$9M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$732.0K
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$51M
OPERATING INCOME	$19M
Interest Income	$52M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$3M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$3M
EBIT	$19M
EBITDA	$22M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$3M
Stock-Based Compensation	$415.0K
Deferred Income Tax	$572.0K
Other Non-Cash Items	-$6M
Change in Working Capital	$5M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$243M
Sales/Maturities of Investments	$118M
Other Investing Activities	-$56M
NET CASH FROM INVESTING	-$185M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$85.0K
Common Dividends Paid	-$4M
Other Financing Activities	$148M
NET CASH FROM FINANCING	$138M
FREE CASH FLOW	$16M
Net Change in Cash	-$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$411M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$2M
TOTAL CURRENT ASSETS	$437M
PP&E (Net)	$31M
Goodwill	$11M
Intangible Assets	$4M
Long-Term Investments	$964M
Tax Assets	$0
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$0
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$6M
TOTAL LIABILITIES	$1.3B
Common Stock	$0
Additional Paid-In Capital	$30M
Retained Earnings	$111M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$152M
Minority Interest	$0
TOTAL EQUITY	$152M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$20M
Net Debt	-$2M