HOPE FY 2012 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2012 Earnings

Reported March 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$298M	—	$181M	—	64.6%
Op. Income	$138M	—	$43M	—	221.8%
Gross Margin	83.7%	—	66.9%	—	16.8pp
Net Margin	27.9%	—	15.0%	—	12.9pp
EPS (Diluted)	$0.99	—	$0.53	—	86.8%
Free Cash Flow	$98M	—	$95M	—	2.3%

Revenue Flow

Item	Amount
REVENUE	$298M
Cost of Revenue	$49M
GROSS PROFIT	$250M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$65M
SG&A Expenses	$70M
Other Expenses	$42M
Operating Expenses	$112M
Cost & Expenses	$161M
OPERATING INCOME	$138M
Interest Income	$268M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$54M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	-$20M
EBIT	$138M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$298M
Cost of Revenue	$49M
GROSS PROFIT	$250M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$65M
SG&A Expenses	$70M
Other Expenses	$42M
Operating Expenses	$112M
Cost & Expenses	$161M
OPERATING INCOME	$138M
Interest Income	$268M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$138M
Income Tax Expense	$54M
Net Income from Continuing Ops	$83M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$83M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	-$20M
EBIT	$138M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$83M
Depreciation & Amortization	-$20M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	$23M
OPERATING CASH FLOW	$104M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$184M
Sales/Maturities of Investments	$215M
Other Investing Activities	-$499M
NET CASH FROM INVESTING	-$475M
Net Debt Issuance	$68M
Common Stock Repurchased	-$122M
Common Dividends Paid	-$8M
Other Financing Activities	$444M
NET CASH FROM FINANCING	$383M
FREE CASH FLOW	$98M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$313M
Short-Term Investments	$704M
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$23M
Goodwill	$90M
Intangible Assets	$3M
Long-Term Investments	$4.3B
Tax Assets	$60M
Other Non-Current Assets	$128M
TOTAL NON-CURRENT ASSETS	$4.6B
TOTAL ASSETS	$5.6B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$463M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$501M
TOTAL LIABILITIES	$4.9B
Common Stock	$78.0K
Additional Paid-In Capital	$525M
Retained Earnings	$217M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$751M
Minority Interest	$0
TOTAL EQUITY	$751M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$463M
Net Debt	$150M