HAFC FY 2012 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2012 Earnings

Reported March 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$138M	—	$152M	—	-9.0%
Op. Income	$43M	—	$29M	—	50.1%
Gross Margin	82.1%	—	73.8%	—	8.3pp
Net Margin	65.4%	—	18.5%	—	46.8pp
EPS (Diluted)	$2.87	—	$1.38	—	108.0%
Free Cash Flow	$52M	—	$48M	—	8.5%

Revenue Flow

Item	Amount
REVENUE	$138M
Cost of Revenue	$25M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$40M
SG&A Expenses	$43M
Other Expenses	$27M
Operating Expenses	$70M
Cost & Expenses	$95M
OPERATING INCOME	$43M
Interest Income	$116M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	-$47M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$167.0K
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$7M
EBIT	$43M
EBITDA	$51M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$138M
Cost of Revenue	$25M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$40M
SG&A Expenses	$43M
Other Expenses	$27M
Operating Expenses	$70M
Cost & Expenses	$95M
OPERATING INCOME	$43M
Interest Income	$116M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	-$47M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$167.0K
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$90M
D&A	$7M
EBIT	$43M
EBITDA	$51M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$90M
Depreciation & Amortization	$7M
Stock-Based Compensation	$478.0K
Deferred Income Tax	-$52M
Other Non-Cash Items	$67M
Change in Working Capital	-$60M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$675.0K
Acquisitions (Net)	$0
Purchases of Investments	-$272M
Sales/Maturities of Investments	$264M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$37M
Net Debt Issuance	-$368.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$51M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$52M
Net Change in Cash	$66M

Balance Sheet

Item	Amount
Cash & Equivalents	$268M
Short-Term Investments	$451M
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$738M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$2.0B
Tax Assets	$51M
Other Non-Current Assets	$83M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.9B
Account Payables	$12M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$85M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$2.5B
Common Stock	$257.0K
Additional Paid-In Capital	$550M
Retained Earnings	-$108M
Treasury Stock	-$70M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$378M
Minority Interest	$0
TOTAL EQUITY	$378M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$85M
Net Debt	-$183M