HOPE FY 2016 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2016 Earnings

Reported May 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$471M	—	$355M	—	32.5%
Op. Income	$191M	—	$155M	—	23.1%
Gross Margin	85.6%	—	86.3%	—	-0.7pp
Net Margin	24.2%	—	26.0%	—	-1.8pp
EPS (Diluted)	$1.10	—	$1.16	—	-5.2%
Free Cash Flow	$116M	—	$97M	—	19.7%

Revenue Flow

Item	Amount
REVENUE	$471M
Cost of Revenue	$68M
GROSS PROFIT	$403M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$124M
SG&A Expenses	$131M
Other Expenses	$81M
Operating Expenses	$212M
Cost & Expenses	$280M
OPERATING INCOME	$191M
Interest Income	$422M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$191M
Income Tax Expense	$77M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	-$2M
EBIT	$191M
EBITDA	$190M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$471M
Cost of Revenue	$68M
GROSS PROFIT	$403M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$124M
SG&A Expenses	$131M
Other Expenses	$81M
Operating Expenses	$212M
Cost & Expenses	$280M
OPERATING INCOME	$191M
Interest Income	$422M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$191M
Income Tax Expense	$77M
Net Income from Continuing Ops	$114M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$114M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$114M
D&A	-$2M
EBIT	$191M
EBITDA	$190M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$114M
Depreciation & Amortization	-$2M
Stock-Based Compensation	$3M
Deferred Income Tax	$6M
Other Non-Cash Items	$18M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$14M
Acquisitions (Net)	$100M
Purchases of Investments	-$559M
Sales/Maturities of Investments	$456M
Other Investing Activities	-$446M
NET CASH FROM INVESTING	-$463M
Net Debt Issuance	$18M
Common Stock Repurchased	$1.3B
Common Dividends Paid	-$42M
Other Financing Activities	$496M
NET CASH FROM FINANCING	$472M
FREE CASH FLOW	$116M
Net Change in Cash	$139M

Balance Sheet

Item	Amount
Cash & Equivalents	$482M
Short-Term Investments	$1.6B
Net Receivables	$27M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$55M
Goodwill	$464M
Intangible Assets	$19M
Long-Term Investments	$10.6B
Tax Assets	$88M
Other Non-Current Assets	$194M
TOTAL NON-CURRENT ASSETS	$11.4B
TOTAL ASSETS	$13.4B
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.6B
TOTAL CURRENT LIABILITIES	$10.7B
Long-Term Debt	$854M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$79M
TOTAL NON-CURRENT LIABILITIES	$933M
TOTAL LIABILITIES	$11.6B
Common Stock	$135.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$470M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$13.4B
Total Debt	$854M
Net Debt	$373M