HAFC FY 2022 Earnings Report — Hanmi Financial Corporation Revenue & Financial Results | Market Cap Arena

Hanmi Financial CorporationHAFC

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$308M	—	$257M	—	19.9%
Op. Income	$141M	—	$135M	—	3.9%
Gross Margin	88.0%	—	101.1%	—	-13.1pp
Net Margin	32.9%	—	38.4%	—	-5.5pp
EPS (Diluted)	$3.32	—	$3.22	—	3.1%
Free Cash Flow	$145M	—	$91M	—	59.8%

Revenue Flow

Item	Amount
REVENUE	$308M
Cost of Revenue	$37M
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$76M
SG&A Expenses	$80M
Other Expenses	$51M
Operating Expenses	$130M
Cost & Expenses	$167M
OPERATING INCOME	$141M
Interest Income	$273M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$141M
Income Tax Expense	$39M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$12M
EBIT	$141M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$308M
Cost of Revenue	$37M
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$76M
SG&A Expenses	$80M
Other Expenses	$51M
Operating Expenses	$130M
Cost & Expenses	$167M
OPERATING INCOME	$141M
Interest Income	$273M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$141M
Income Tax Expense	$39M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$12M
EBIT	$141M
EBITDA	$153M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$9M
Change in Working Capital	$22M
OPERATING CASH FLOW	$147M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$167M
Sales/Maturities of Investments	$106M
Other Investing Activities	-$819M
NET CASH FROM INVESTING	-$882M
Net Debt Issuance	$125M
Common Stock Repurchased	$0
Common Dividends Paid	-$29M
Other Financing Activities	$381M
NET CASH FROM FINANCING	$478M
FREE CASH FLOW	$145M
Net Change in Cash	-$257M

Balance Sheet

Item	Amount
Cash & Equivalents	$352M
Short-Term Investments	$854M
Net Receivables	$653M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$23M
Goodwill	$11M
Intangible Assets	$194.0K
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	$79M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$7.4B
Account Payables	$8M
Short-Term Debt	$300M
Deferred Revenue	$0
Other Current Liabilities	$6.2B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$179M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$328.0K
TOTAL NON-CURRENT LIABILITIES	$180M
TOTAL LIABILITIES	$6.7B
Common Stock	$33.0K
Additional Paid-In Capital	$583M
Retained Earnings	$270M
Treasury Stock	-$126M
Accum. Other Comp. Income	-$89M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$638M
Minority Interest	$0
TOTAL EQUITY	$638M
TOTAL LIABILITIES & EQUITY	$7.4B
Total Debt	$479M
Net Debt	$127M