ISTR FY 2019 Earnings Report — Investar Holding Corporation Revenue & Financial Results | Market Cap Arena

Investar Holding CorporationISTR

FY 2019 Earnings

Reported March 13, 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	$96M	—	$78M	—	22.5%
Op. Income	$21M	—	$17M	—	21.6%
Gross Margin	72.3%	—	75.6%	—	-3.3pp
Net Margin	17.6%	—	17.4%	—	0.2pp
EPS (Diluted)	$1.66	—	$1.39	—	19.4%
Free Cash Flow	$11M	—	$11M	—	-7.2%

Revenue Flow

Item	Amount
REVENUE	$96M
Cost of Revenue	$27M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$260.0K
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$75M
OPERATING INCOME	$21M
Interest Income	$89M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	-$1.0K
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$21M
EBITDA	$24M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$27M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$260.0K
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$75M
OPERATING INCOME	$21M
Interest Income	$89M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$4M
Net Income from Continuing Ops	$17M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$17M
Net Income Deductions	-$1.0K
BOTTOM LINE NET INCOME	$17M
D&A	$3M
EBIT	$21M
EBITDA	$24M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$17M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$153.0K
Other Non-Cash Items	-$367.0K
Change in Working Capital	-$3M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$8M
Acquisitions (Net)	$74M
Purchases of Investments	-$118M
Sales/Maturities of Investments	$110M
Other Investing Activities	-$162M
NET CASH FROM INVESTING	-$103M
Net Debt Issuance	-$50M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$2M
Other Financing Activities	$144M
NET CASH FROM FINANCING	$112M
FREE CASH FLOW	$11M
Net Change in Cash	$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$44M
Short-Term Investments	$260M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$312M
PP&E (Net)	$51M
Goodwill	$26M
Intangible Assets	$5M
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$180M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$180M
TOTAL LIABILITIES	$1.9B
Common Stock	$11M
Additional Paid-In Capital	$169M
Retained Earnings	$60M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$242M
Minority Interest	$0
TOTAL EQUITY	$242M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$183M
Net Debt	$139M