HAFC FY 2020 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2020 Earnings

Reported March 1, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$266M	—	$273M	—	-2.8%
Op. Income	$59M	—	$47M	—	25.7%
Gross Margin	66.7%	—	63.0%	—	3.7pp
Net Margin	15.9%	—	12.0%	—	3.9pp
EPS (Diluted)	$1.38	—	$1.06	—	30.2%
Free Cash Flow	$56M	—	$57M	—	-2.5%

Revenue Flow

Item	Amount
REVENUE	$266M
Cost of Revenue	$88M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$67M
SG&A Expenses	$70M
Other Expenses	$48M
Operating Expenses	$118M
Cost & Expenses	$206M
OPERATING INCOME	$59M
Interest Income	$223M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$17M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$11M
EBIT	$59M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$266M
Cost of Revenue	$88M
GROSS PROFIT	$177M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$67M
SG&A Expenses	$70M
Other Expenses	$48M
Operating Expenses	$118M
Cost & Expenses	$206M
OPERATING INCOME	$59M
Interest Income	$223M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$17M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$11M
EBIT	$59M
EBITDA	$70M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$11M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$17M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$837M
Sales/Maturities of Investments	$729M
Other Investing Activities	-$295M
NET CASH FROM INVESTING	-$408M
Net Debt Issuance	$60M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$16M
Other Financing Activities	$576M
NET CASH FROM FINANCING	$618M
FREE CASH FLOW	$56M
Net Change in Cash	$270M

Balance Sheet

Item	Amount
Cash & Equivalents	$392M
Short-Term Investments	$754M
Net Receivables	$465M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$26M
Goodwill	$11M
Intangible Assets	$581.0K
Long-Term Investments	$4.4B
Tax Assets	$0
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$6.2B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.3B
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$269M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$270M
TOTAL LIABILITIES	$5.6B
Common Stock	$33.0K
Additional Paid-In Capital	$578M
Retained Earnings	$115M
Treasury Stock	-$119M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$577M
Minority Interest	$0
TOTAL EQUITY	$577M
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$269M
Net Debt	-$123M