FSBW FY 2015 Earnings Report — FS Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

FS Bancorp, Inc.FSBW

FY 2015 Earnings

Reported March 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$48M	—	$33M	—	42.6%
Op. Income	$14M	—	$6M	—	112.5%
Gross Margin	87.6%	—	86.6%	—	1.1pp
Net Margin	18.6%	—	13.6%	—	5.0pp
EPS (Diluted)	$1.47	—	$0.76	—	93.4%
Free Cash Flow	-$9M	—	-$5M	—	-75.0%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$709.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$10M
Operating Expenses	$28M
Cost & Expenses	$34M
OPERATING INCOME	$14M
Interest Income	$32M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$5M
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	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$709.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$10M
Operating Expenses	$28M
Cost & Expenses	$34M
OPERATING INCOME	$14M
Interest Income	$32M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$5M
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	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$501.0K
Other Non-Cash Items	-$21M
Change in Working Capital	$431.0K
OPERATING CASH FLOW	-$7M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$17M
Sales/Maturities of Investments	$11M
Other Investing Activities	-$131M
NET CASH FROM INVESTING	-$140M
Net Debt Issuance	$92M
Common Stock Repurchased	-$101.0K
Common Dividends Paid	-$826.0K
Other Financing Activities	$65M
NET CASH FROM FINANCING	$156M
FREE CASH FLOW	-$9M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$55M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$94M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$6M
Long-Term Investments	$547M
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$583M
TOTAL ASSETS	$678M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$485M
TOTAL CURRENT LIABILITIES	$485M
Long-Term Debt	$109M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$117M
TOTAL LIABILITIES	$602M
Common Stock	$32.0K
Additional Paid-In Capital	$31M
Retained Earnings	$46M
Treasury Stock	$0
Accum. Other Comp. Income	$78.0K
Other Equity	-$2M
TOTAL STOCKHOLDERS' EQUITY	$75M
Minority Interest	$0
TOTAL EQUITY	$75M
TOTAL LIABILITIES & EQUITY	$678M
Total Debt	$109M
Net Debt	$72M