HAFC FY 2019 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$273M	—	$259M	—	5.5%
Op. Income	$47M	—	$84M	—	-43.6%
Gross Margin	63.0%	—	77.8%	—	-14.9pp
Net Margin	12.0%	—	22.4%	—	-10.3pp
EPS (Diluted)	$1.06	—	$1.79	—	-40.8%
Free Cash Flow	$57M	—	$73M	—	-21.6%

Revenue Flow

Item	Amount
REVENUE	$273M
Cost of Revenue	$101M
GROSS PROFIT	$172M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$68M
SG&A Expenses	$72M
Other Expenses	$53M
Operating Expenses	$125M
Cost & Expenses	$226M
OPERATING INCOME	$47M
Interest Income	$246M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$10M
EBIT	$47M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$273M
Cost of Revenue	$101M
GROSS PROFIT	$172M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$68M
SG&A Expenses	$72M
Other Expenses	$53M
Operating Expenses	$125M
Cost & Expenses	$226M
OPERATING INCOME	$47M
Interest Income	$246M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$15M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$10M
EBIT	$47M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$10M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$22M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$321M
Sales/Maturities of Investments	$273M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$35M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$30M
Other Financing Activities	-$46M
NET CASH FROM FINANCING	-$48M
FREE CASH FLOW	$57M
Net Change in Cash	-$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$122M
Short-Term Investments	$634M
Net Receivables	$524M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$26M
Goodwill	$11M
Intangible Assets	$842.0K
Long-Term Investments	$4.1B
Tax Assets	$37M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$5.5B
Account Payables	$11M
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$4.7B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$193M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$66.0K
TOTAL NON-CURRENT LIABILITIES	$193M
TOTAL LIABILITIES	$5.0B
Common Stock	$33.0K
Additional Paid-In Capital	$576M
Retained Earnings	$101M
Treasury Stock	-$117M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$563M
Minority Interest	$0
TOTAL EQUITY	$563M
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$208M
Net Debt	$87M