KNSL FY 2014 Earnings Report — Kinsale Capital Group, Inc. Revenue & Financial Results | Market Cap Arena

Kinsale Capital Group, Inc.KNSL

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$64M	—	$48M	—	31.3%
Op. Income	$19M	—	$12M	—	60.9%
Gross Margin	56.0%	—	50.2%	—	5.8pp
Net Margin	20.4%	—	25.3%	—	-4.9pp
EPS (Diluted)	$0.62	—	$0.59	—	5.1%
Free Cash Flow	$79M	—	$62M	—	28.3%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$28M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$16M
Operating Expenses	$16M
Cost & Expenses	$44M
OPERATING INCOME	$19M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$7M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$570.0K
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$28M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$16M
Operating Expenses	$16M
Cost & Expenses	$44M
OPERATING INCOME	$19M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$7M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$570.0K
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$570.0K
Stock-Based Compensation	$58.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	-$201.0K
Change in Working Capital	$69M
OPERATING CASH FLOW	$80M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$99M
Sales/Maturities of Investments	$18M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$133.0K
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	$79M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$268M
Net Receivables	$90M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$383M
PP&E (Net)	$0
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$268M
Tax Assets	$0
Other Non-Current Assets	-$272M
TOTAL NON-CURRENT ASSETS	$272M
TOTAL ASSETS	$438M
Account Payables	$10M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$10M
TOTAL CURRENT LIABILITIES	$10M
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$27M
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$345M
Common Stock	$1.0K
Additional Paid-In Capital	$80M
Retained Earnings	$7M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$93M
Minority Interest	$0
TOTAL EQUITY	$93M
TOTAL LIABILITIES & EQUITY	$438M
Total Debt	$27M
Net Debt	$4M