HAFC FY 2014 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2014 Earnings

Reported March 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$164M	—	$147M	—	11.8%
Op. Income	$73M	—	$63M	—	16.1%
Gross Margin	95.3%	—	90.4%	—	4.8pp
Net Margin	30.3%	—	27.1%	—	3.2pp
EPS (Diluted)	$1.56	—	$1.26	—	23.8%
Free Cash Flow	$24M	—	$60M	—	-59.3%

Revenue Flow

Item	Amount
REVENUE	$164M
Cost of Revenue	$8M
GROSS PROFIT	$157M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$50M
SG&A Expenses	$54M
Other Expenses	$30M
Operating Expenses	$84M
Cost & Expenses	$92M
OPERATING INCOME	$73M
Interest Income	$135M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$22M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	-$444.0K
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$9M
EBIT	$73M
EBITDA	$81M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$164M
Cost of Revenue	$8M
GROSS PROFIT	$157M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$50M
SG&A Expenses	$54M
Other Expenses	$30M
Operating Expenses	$84M
Cost & Expenses	$92M
OPERATING INCOME	$73M
Interest Income	$135M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$22M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	-$444.0K
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$9M
EBIT	$73M
EBITDA	$81M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$9M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$28M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$1M
Acquisitions (Net)	$119M
Purchases of Investments	-$128M
Sales/Maturities of Investments	$271M
Other Investing Activities	-$245M
NET CASH FROM INVESTING	$16M
Net Debt Issuance	$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	-$69M
NET CASH FROM FINANCING	-$63M
FREE CASH FLOW	$24M
Net Change in Cash	-$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$158M
Short-Term Investments	$1.1B
Net Receivables	$24M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$31M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$2.7B
Tax Assets	$70M
Other Non-Current Assets	$110M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$4.2B
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$169M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$179M
TOTAL LIABILITIES	$3.8B
Common Stock	$257.0K
Additional Paid-In Capital	$555M
Retained Earnings	-$32M
Treasury Stock	-$70M
Accum. Other Comp. Income	$463.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$453M
Minority Interest	$0
TOTAL EQUITY	$453M
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$169M
Net Debt	$10M