HWBK FY 2020 Earnings Report — Hawthorn Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Hawthorn Bancshares, Inc.HWBK

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$78M	—	$73M	—	7.0%
Op. Income	$17M	—	$20M	—	-12.3%
Gross Margin	80.1%	—	77.5%	—	2.6pp
Net Margin	18.3%	—	22.1%	—	-3.8pp
EPS (Diluted)	$1.96	—	$2.19	—	-10.5%
Free Cash Flow	$19M	—	$17M	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$78M
Cost of Revenue	$16M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$18M
Operating Expenses	$45M
Cost & Expenses	$61M
OPERATING INCOME	$17M
Interest Income	$63M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$17M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$78M
Cost of Revenue	$16M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$18M
Operating Expenses	$45M
Cost & Expenses	$61M
OPERATING INCOME	$17M
Interest Income	$63M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$17M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	$1M
OPERATING CASH FLOW	$21M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$100M
Sales/Maturities of Investments	$80M
Other Investing Activities	-$118M
NET CASH FROM INVESTING	-$140M
Net Debt Issuance	$10M
Common Stock Repurchased	-$906.0K
Common Dividends Paid	-$3M
Other Financing Activities	$215M
NET CASH FROM FINANCING	$221M
FREE CASH FLOW	$19M
Net Change in Cash	$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$198M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$233M
PP&E (Net)	$35M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$189M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.7B
Account Payables	$837.0K
Short-Term Debt	$45M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$156M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$174M
TOTAL LIABILITIES	$1.6B
Common Stock	$7M
Additional Paid-In Capital	$59M
Retained Earnings	$69M
Treasury Stock	-$6M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$131M
Minority Interest	$0
TOTAL EQUITY	$131M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$203M
Net Debt	$175M