HTT FY 2018 Earnings Report — High Templar Tech Limited Revenue & Financial Results | Market Cap Arena

High Templar Tech LimitedHTT

FY 2018 Earnings

Reported April 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.1B	—	$698M	—	61.1%
Op. Income	$393M	—	$354M	—	11.1%
Gross Margin	64.4%	—	81.6%	—	-17.1pp
Net Margin	32.4%	—	45.3%	—	-12.9pp
EPS (Diluted)	$1.13	—	$1.04	—	9.2%
Free Cash Flow	$466M	—	$448M	—	4.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$400M
GROSS PROFIT	$724M
R&D Expenses	$29M
Selling & Marketing	$79M
General & Administrative	$37M
SG&A Expenses	$116M
Other Expenses	$186M
Operating Expenses	$331M
Cost & Expenses	$731M
OPERATING INCOME	$393M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$387M
Income Tax Expense	$23M
Net Income from Continuing Ops	$364M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$364M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$364M
D&A	$2M
EBIT	$387M
EBITDA	$389M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$400M
GROSS PROFIT	$724M
R&D Expenses	$29M
Selling & Marketing	$79M
General & Administrative	$37M
SG&A Expenses	$116M
Other Expenses	$186M
Operating Expenses	$331M
Cost & Expenses	$731M
OPERATING INCOME	$393M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	-$6M
INCOME BEFORE TAX	$387M
Income Tax Expense	$23M
Net Income from Continuing Ops	$364M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$364M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$364M
D&A	$2M
EBIT	$387M
EBITDA	$389M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$364M
Depreciation & Amortization	$2M
Stock-Based Compensation	$8M
Deferred Income Tax	-$18.7B
Other Non-Cash Items	$18.9B
Change in Working Capital	-$73M
OPERATING CASH FLOW	$487M
Capital Expenditure	-$21M
Acquisitions (Net)	$0
Purchases of Investments	-$198M
Sales/Maturities of Investments	$243M
Other Investing Activities	-$433M
NET CASH FROM INVESTING	-$408M
Net Debt Issuance	-$786M
Common Stock Repurchased	-$206M
Common Dividends Paid	$0
Other Financing Activities	$9M
NET CASH FROM FINANCING	-$983M
FREE CASH FLOW	$466M
Net Change in Cash	-$912M

Balance Sheet

Item	Amount
Cash & Equivalents	$365M
Short-Term Investments	$0
Net Receivables	$1.6B
Inventory	$19M
Other Current Assets	$140M
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$4M
Goodwill	$0
Intangible Assets	$17M
Long-Term Investments	$5M
Tax Assets	$36M
Other Non-Current Assets	$197M
TOTAL NON-CURRENT ASSETS	$258M
TOTAL ASSETS	$2.4B
Account Payables	$16M
Short-Term Debt	$564M
Deferred Revenue	$0
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$733M
Long-Term Debt	$60M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$60M
TOTAL LIABILITIES	$794M
Common Stock	$30.0K
Additional Paid-In Capital	$900M
Retained Earnings	$740M
Treasury Stock	-$53M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$624M
Net Debt	$259M