HOPE FY 2017 Earnings Report — Hope Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Hope Bancorp, Inc.HOPE

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$638M	—	$471M	—	35.5%
Op. Income	$264M	—	$191M	—	38.0%
Gross Margin	83.1%	—	85.6%	—	-2.6pp
Net Margin	21.9%	—	24.2%	—	-2.3pp
EPS (Diluted)	$1.03	—	$1.10	—	-6.4%
Free Cash Flow	$189M	—	$116M	—	62.7%

Revenue Flow

Item	Amount
REVENUE	$638M
Cost of Revenue	$108M
GROSS PROFIT	$530M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$162M
SG&A Expenses	$172M
Other Expenses	$94M
Operating Expenses	$266M
Cost & Expenses	$374M
OPERATING INCOME	$264M
Interest Income	$572M
Interest Expense	$91M
Other Income/Expenses	$0
INCOME BEFORE TAX	$264M
Income Tax Expense	$124M
Net Income from Continuing Ops	$139M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	-$15M
EBIT	$264M
EBITDA	$249M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$638M
Cost of Revenue	$108M
GROSS PROFIT	$530M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$162M
SG&A Expenses	$172M
Other Expenses	$94M
Operating Expenses	$266M
Cost & Expenses	$374M
OPERATING INCOME	$264M
Interest Income	$572M
Interest Expense	$91M
Other Income/Expenses	$0
INCOME BEFORE TAX	$264M
Income Tax Expense	$124M
Net Income from Continuing Ops	$139M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$139M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$139M
D&A	-$15M
EBIT	$264M
EBITDA	$249M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$139M
Depreciation & Amortization	-$15M
Stock-Based Compensation	$3M
Deferred Income Tax	$35M
Other Non-Cash Items	$45M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$204M
Capital Expenditure	-$15M
Acquisitions (Net)	$0
Purchases of Investments	-$585M
Sales/Maturities of Investments	$394M
Other Investing Activities	-$561M
NET CASH FROM INVESTING	-$767M
Net Debt Issuance	$405M
Common Stock Repurchased	$1.7B
Common Dividends Paid	-$68M
Other Financing Activities	$281M
NET CASH FROM FINANCING	$618M
FREE CASH FLOW	$189M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$545M
Short-Term Investments	$1.7B
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$57M
Goodwill	$464M
Intangible Assets	$17M
Long-Term Investments	$11.1B
Tax Assets	$55M
Other Non-Current Assets	$190M
TOTAL NON-CURRENT ASSETS	$11.9B
TOTAL ASSETS	$14.2B
Account Payables	$16M
Short-Term Debt	$70M
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$10.9B
Long-Term Debt	$1.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$87M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$12.3B
Common Stock	$136.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$541M
Treasury Stock	$0
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$14.2B
Total Debt	$1.3B
Net Debt	$783M