HAFC FY 2017 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$243M	—	$212M	—	14.7%
Op. Income	$95M	—	$89M	—	6.6%
Gross Margin	86.3%	—	93.4%	—	-7.2pp
Net Margin	22.5%	—	26.7%	—	-4.2pp
EPS (Diluted)	$1.69	—	$1.75	—	-3.4%
Free Cash Flow	$81M	—	$59M	—	37.9%

Revenue Flow

Item	Amount
REVENUE	$243M
Cost of Revenue	$33M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$68M
SG&A Expenses	$72M
Other Expenses	$42M
Operating Expenses	$114M
Cost & Expenses	$147M
OPERATING INCOME	$95M
Interest Income	$208M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$41M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$13M
EBIT	$95M
EBITDA	$108M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$243M
Cost of Revenue	$33M
GROSS PROFIT	$209M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$68M
SG&A Expenses	$72M
Other Expenses	$42M
Operating Expenses	$114M
Cost & Expenses	$147M
OPERATING INCOME	$95M
Interest Income	$208M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$41M
Net Income from Continuing Ops	$55M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$55M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$13M
EBIT	$95M
EBITDA	$108M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$55M
Depreciation & Amortization	$13M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$982.0K
Change in Working Capital	$12M
OPERATING CASH FLOW	$82M
Capital Expenditure	-$843.0K
Acquisitions (Net)	$0
Purchases of Investments	-$242M
Sales/Maturities of Investments	$177M
Other Investing Activities	-$454M
NET CASH FROM INVESTING	-$520M
Net Debt Issuance	-$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$26M
Other Financing Activities	$538M
NET CASH FROM FINANCING	$445M
FREE CASH FLOW	$81M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$154M
Short-Term Investments	$579M
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$781M
PP&E (Net)	$27M
Goodwill	$11M
Intangible Assets	$2M
Long-Term Investments	$4.3B
Tax Assets	$32M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$4.4B
TOTAL ASSETS	$5.2B
Account Payables	$5M
Short-Term Debt	$150M
Deferred Revenue	$0
Other Current Liabilities	$4.3B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$117M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$803.0K
TOTAL NON-CURRENT LIABILITIES	$118M
TOTAL LIABILITIES	$4.6B
Common Stock	$33.0K
Additional Paid-In Capital	$566M
Retained Earnings	$71M
Treasury Stock	-$72M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$562M
Minority Interest	$0
TOTAL EQUITY	$562M
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$267M
Net Debt	$113M