HOPE FY 2007 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2007 Earnings

Reported March 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$198M	—	$175M	—	13.3%
Op. Income	$56M	—	$56M	—	-0.7%
Gross Margin	56.6%	—	62.9%	—	-6.3pp
Net Margin	16.7%	—	19.3%	—	-2.6pp
EPS (Diluted)	$1.25	—	$1.28	—	-2.3%
Free Cash Flow	$34M	—	$25M	—	34.3%

Revenue Flow

Item	Amount
REVENUE	$198M
Cost of Revenue	$86M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$32M
SG&A Expenses	$34M
Other Expenses	$23M
Operating Expenses	$56M
Cost & Expenses	$143M
OPERATING INCOME	$56M
Interest Income	$176M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$56M
Income Tax Expense	$23M
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	$3M
EBIT	$56M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$198M
Cost of Revenue	$86M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$32M
SG&A Expenses	$34M
Other Expenses	$23M
Operating Expenses	$56M
Cost & Expenses	$143M
OPERATING INCOME	$56M
Interest Income	$176M
Interest Expense	$79M
Other Income/Expenses	$0
INCOME BEFORE TAX	$56M
Income Tax Expense	$23M
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	$3M
EBIT	$56M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	-$482.0K
Other Non-Cash Items	$7M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$166M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$305M
NET CASH FROM INVESTING	-$407M
Net Debt Issuance	$221M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$3M
Other Financing Activities	$121M
NET CASH FROM FINANCING	$340M
FREE CASH FLOW	$34M
Net Change in Cash	-$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$49M
PP&E (Net)	$11M
Goodwill	$2M
Intangible Assets	$2M
Long-Term Investments	$2.3B
Tax Assets	$15M
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.4B
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$336M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$357M
TOTAL LIABILITIES	$2.2B
Common Stock	$26.0K
Additional Paid-In Capital	$80M
Retained Earnings	$142M
Treasury Stock	$0
Accum. Other Comp. Income	-$311.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$222M
Minority Interest	$0
TOTAL EQUITY	$222M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$336M
Net Debt	$296M