HAFC FY 2021 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2021 Earnings

Reported February 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$257M	—	$266M	—	-3.3%
Op. Income	$135M	—	$59M	—	127.7%
Gross Margin	101.1%	—	66.7%	—	34.4pp
Net Margin	38.4%	—	15.9%	—	22.5pp
EPS (Diluted)	$3.22	—	$1.38	—	133.3%
Free Cash Flow	$91M	—	$56M	—	63.1%

Revenue Flow

Item	Amount
REVENUE	$257M
Cost of Revenue	-$3M
GROSS PROFIT	$260M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$73M
SG&A Expenses	$75M
Other Expenses	$49M
Operating Expenses	$124M
Cost & Expenses	$121M
OPERATING INCOME	$135M
Interest Income	$216M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$135M
Income Tax Expense	$37M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$16M
EBIT	$135M
EBITDA	$152M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$257M
Cost of Revenue	-$3M
GROSS PROFIT	$260M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$73M
SG&A Expenses	$75M
Other Expenses	$49M
Operating Expenses	$124M
Cost & Expenses	$121M
OPERATING INCOME	$135M
Interest Income	$216M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$135M
Income Tax Expense	$37M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$98M
D&A	$16M
EBIT	$135M
EBITDA	$152M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$16M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	-$33M
Change in Working Capital	$9M
OPERATING CASH FLOW	$94M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$513M
Sales/Maturities of Investments	$332M
Other Investing Activities	-$263M
NET CASH FROM INVESTING	-$447M
Net Debt Issuance	$82M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$17M
Other Financing Activities	$511M
NET CASH FROM FINANCING	$570M
FREE CASH FLOW	$91M
Net Change in Cash	$217M

Balance Sheet

Item	Amount
Cash & Equivalents	$609M
Short-Term Investments	$911M
Net Receivables	$532M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$25M
Goodwill	$11M
Intangible Assets	$364.0K
Long-Term Investments	$4.6B
Tax Assets	$0
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$6.9B
Account Payables	$1M
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$303M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$303M
TOTAL LIABILITIES	$6.2B
Common Stock	$33.0K
Additional Paid-In Capital	$581M
Retained Earnings	$197M
Treasury Stock	-$126M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$643M
Minority Interest	$0
TOTAL EQUITY	$643M
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$353M
Net Debt	-$256M