HAFC FY 2016 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$212M	—	$212M	—	-0.1%
Op. Income	$89M	—	$92M	—	-2.8%
Gross Margin	93.4%	—	97.9%	—	-4.5pp
Net Margin	26.7%	—	25.4%	—	1.3pp
EPS (Diluted)	$1.75	—	$1.68	—	4.2%
Free Cash Flow	$59M	—	$65M	—	-10.3%

Revenue Flow

Item	Amount
REVENUE	$212M
Cost of Revenue	$14M
GROSS PROFIT	$198M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$64M
SG&A Expenses	$68M
Other Expenses	$40M
Operating Expenses	$108M
Cost & Expenses	$122M
OPERATING INCOME	$89M
Interest Income	$176M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$33M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$15M
EBIT	$89M
EBITDA	$104M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$212M
Cost of Revenue	$14M
GROSS PROFIT	$198M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$64M
SG&A Expenses	$68M
Other Expenses	$40M
Operating Expenses	$108M
Cost & Expenses	$122M
OPERATING INCOME	$89M
Interest Income	$176M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$33M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$15M
EBIT	$89M
EBITDA	$104M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$15M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$10M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$730.0K
Acquisitions (Net)	$0
Purchases of Investments	-$20M
Sales/Maturities of Investments	$192M
Other Investing Activities	-$668M
NET CASH FROM INVESTING	-$496M
Net Debt Issuance	$145M
Common Stock Repurchased	$0
Common Dividends Paid	-$26M
Other Financing Activities	$301M
NET CASH FROM FINANCING	$420M
FREE CASH FLOW	$59M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$147M
Short-Term Investments	$517M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$707M
PP&E (Net)	$29M
Goodwill	$11M
Intangible Assets	$2M
Long-Term Investments	$3.8B
Tax Assets	$46M
Other Non-Current Assets	$85M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.7B
Account Payables	$3M
Short-Term Debt	$315M
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$19M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$978.0K
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$4.2B
Common Stock	$33.0K
Additional Paid-In Capital	$562M
Retained Earnings	$42M
Treasury Stock	-$71M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$531M
Minority Interest	$0
TOTAL EQUITY	$531M
TOTAL LIABILITIES & EQUITY	$4.7B
Total Debt	$334M
Net Debt	$187M