FSBW FY 2022 Earnings Report — FS Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

FS Bancorp, Inc.FSBW

FY 2022 Earnings

Reported March 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$134M	—	$131M	—	2.3%
Op. Income	$37M	—	$47M	—	-22.0%
Gross Margin	84.6%	—	92.2%	—	-7.6pp
Net Margin	22.1%	—	28.5%	—	-6.4pp
EPS (Diluted)	$3.70	—	$4.32	—	-14.4%
Free Cash Flow	$183M	—	$107M	—	71.3%

Revenue Flow

Item	Amount
REVENUE	$134M
Cost of Revenue	$21M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$897.0K
General & Administrative	$49M
SG&A Expenses	$50M
Other Expenses	$27M
Operating Expenses	$76M
Cost & Expenses	$97M
OPERATING INCOME	$37M
Interest Income	$119M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$7M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$14M
EBIT	$37M
EBITDA	$51M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$134M
Cost of Revenue	$21M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$897.0K
General & Administrative	$49M
SG&A Expenses	$50M
Other Expenses	$27M
Operating Expenses	$76M
Cost & Expenses	$97M
OPERATING INCOME	$37M
Interest Income	$119M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$7M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$14M
EBIT	$37M
EBITDA	$51M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	-$844.0K
Other Non-Cash Items	$139M
Change in Working Capital	$1M
OPERATING CASH FLOW	$185M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$24M
Sales/Maturities of Investments	$21M
Other Investing Activities	-$500M
NET CASH FROM INVESTING	-$504M
Net Debt Issuance	$144M
Common Stock Repurchased	-$16M
Common Dividends Paid	-$7M
Other Financing Activities	$213M
NET CASH FROM FINANCING	$334M
FREE CASH FLOW	$183M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$229M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$287M
PP&E (Net)	$31M
Goodwill	$2M
Intangible Assets	$21M
Long-Term Investments	$2.2B
Tax Assets	$7M
Other Non-Current Assets	$65M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$236M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$273M
TOTAL LIABILITIES	$2.4B
Common Stock	$77.0K
Additional Paid-In Capital	$55M
Retained Earnings	$202M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$232M
Minority Interest	$0
TOTAL EQUITY	$232M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$242M
Net Debt	$196M