FRBA FY 2020 Earnings Report — First Bank Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported December 31, 2020

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	$96M	—	$88M	—	8.4%
Op. Income	$26M	—	$19M	—	36.6%
Gross Margin	69.5%	—	66.2%	—	3.2pp
Net Margin	20.4%	—	15.2%	—	5.1pp
EPS (Diluted)	$0.97	—	$0.69	—	40.6%
Free Cash Flow	$24M	—	$15M	—	60.7%

Revenue Flow

Item	Amount
REVENUE	$96M
Cost of Revenue	$29M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$427.0K
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$14M
Operating Expenses	$40M
Cost & Expenses	$70M
OPERATING INCOME	$26M
Interest Income	$89M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$7M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$26M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$29M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$427.0K
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$14M
Operating Expenses	$40M
Cost & Expenses	$70M
OPERATING INCOME	$26M
Interest Income	$89M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$7M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$26M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$359.0K
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$37M
Other Investing Activities	-$322M
NET CASH FROM INVESTING	-$327M
Net Debt Issuance	$63M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$2M
Other Financing Activities	$264M
NET CASH FROM FINANCING	$316M
FREE CASH FLOW	$24M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$100M
Short-Term Investments	$62M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$168M
PP&E (Net)	$11M
Goodwill	$16M
Intangible Assets	$2M
Long-Term Investments	$2.1B
Tax Assets	$11M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.3B
Account Payables	$561.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$191M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$204M
TOTAL LIABILITIES	$2.1B
Common Stock	$103M
Additional Paid-In Capital	$79M
Retained Earnings	$63M
Treasury Stock	-$8M
Accum. Other Comp. Income	$839.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$238M
Minority Interest	$0
TOTAL EQUITY	$238M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$191M
Net Debt	$91M