HOPE FY 2014 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2014 Earnings

Reported March 2, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$340M	—	$320M	—	6.3%
Op. Income	$147M	—	$134M	—	9.2%
Gross Margin	85.7%	—	84.4%	—	1.3pp
Net Margin	26.1%	—	25.6%	—	0.5pp
EPS (Diluted)	$1.11	—	$1.05	—	5.7%
Free Cash Flow	$129M	—	$125M	—	3.3%

Revenue Flow

Item	Amount
REVENUE	$340M
Cost of Revenue	$49M
GROSS PROFIT	$291M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$89M
SG&A Expenses	$94M
Other Expenses	$50M
Operating Expenses	$145M
Cost & Expenses	$193M
OPERATING INCOME	$147M
Interest Income	$303M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$147M
Income Tax Expense	$58M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	-$13M
EBIT	$147M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$340M
Cost of Revenue	$49M
GROSS PROFIT	$291M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$89M
SG&A Expenses	$94M
Other Expenses	$50M
Operating Expenses	$145M
Cost & Expenses	$193M
OPERATING INCOME	$147M
Interest Income	$303M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$147M
Income Tax Expense	$58M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	-$13M
EBIT	$147M
EBITDA	$133M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	-$13M
Stock-Based Compensation	$705.0K
Deferred Income Tax	$18M
Other Non-Cash Items	$23M
Change in Working Capital	$18M
OPERATING CASH FLOW	$136M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$193M
Sales/Maturities of Investments	$119M
Other Investing Activities	-$472M
NET CASH FROM INVESTING	-$553M
Net Debt Issuance	$45M
Common Stock Repurchased	$0
Common Dividends Paid	-$28M
Other Financing Activities	$546M
NET CASH FROM FINANCING	$563M
FREE CASH FLOW	$129M
Net Change in Cash	$145M

Balance Sheet

Item	Amount
Cash & Equivalents	$462M
Short-Term Investments	$797M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$31M
Goodwill	$105M
Intangible Assets	$4M
Long-Term Investments	$5.5B
Tax Assets	$63M
Other Non-Current Assets	$128M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$7.1B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.7B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$523M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$558M
TOTAL LIABILITIES	$6.3B
Common Stock	$79.0K
Additional Paid-In Capital	$542M
Retained Earnings	$339M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$883M
Minority Interest	$0
TOTAL EQUITY	$883M
TOTAL LIABILITIES & EQUITY	$7.1B
Total Debt	$523M
Net Debt	$61M