HTT FY 2019 Earnings Report — High Templar Tech Limited Revenue & Financial Results | Market Cap Arena

High Templar Tech LimitedHTT

FY 2019 Earnings

Reported April 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	14.9%
Op. Income	$562M	—	$393M	—	43.1%
Gross Margin	89.8%	—	64.4%	—	25.4pp
Net Margin	36.9%	—	32.4%	—	4.5pp
EPS (Diluted)	$1.60	—	$1.13	—	41.3%
Free Cash Flow	$793M	—	$466M	—	70.0%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$132M
GROSS PROFIT	$1.2B
R&D Expenses	$30M
Selling & Marketing	$41M
General & Administrative	$42M
SG&A Expenses	$83M
Other Expenses	$485M
Operating Expenses	$598M
Cost & Expenses	$729M
OPERATING INCOME	$562M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$568M
Income Tax Expense	$92M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$7M
EBIT	$572M
EBITDA	$579M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$132M
GROSS PROFIT	$1.2B
R&D Expenses	$30M
Selling & Marketing	$41M
General & Administrative	$42M
SG&A Expenses	$83M
Other Expenses	$485M
Operating Expenses	$598M
Cost & Expenses	$729M
OPERATING INCOME	$562M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$568M
Income Tax Expense	$92M
Net Income from Continuing Ops	$477M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$477M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$477M
D&A	$7M
EBIT	$572M
EBITDA	$579M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$477M
Depreciation & Amortization	$7M
Stock-Based Compensation	$13M
Deferred Income Tax	$333M
Other Non-Cash Items	$3M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$804M
Capital Expenditure	-$11M
Acquisitions (Net)	-$2M
Purchases of Investments	-$99M
Sales/Maturities of Investments	$67M
Other Investing Activities	-$90M
NET CASH FROM INVESTING	-$136M
Net Debt Issuance	-$126M
Common Stock Repurchased	-$305M
Common Dividends Paid	$0
Other Financing Activities	-$62M
NET CASH FROM FINANCING	-$493M
FREE CASH FLOW	$793M
Net Change in Cash	$187M

Balance Sheet

Item	Amount
Cash & Equivalents	$418M
Short-Term Investments	$34M
Net Receivables	$1.7B
Inventory	$1M
Other Current Assets	$302M
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$35M
Goodwill	$0
Intangible Assets	$994.1K
Long-Term Investments	$39M
Tax Assets	$42M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$196M
TOTAL ASSETS	$2.7B
Account Payables	$13M
Short-Term Debt	$153M
Deferred Revenue	$0
Other Current Liabilities	$245M
TOTAL CURRENT LIABILITIES	$569M
Long-Term Debt	$342M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$371M
TOTAL LIABILITIES	$941M
Common Stock	$25.6K
Additional Paid-In Capital	$580M
Retained Earnings	$1.2B
Treasury Stock	-$53M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$502M
Net Debt	$84M