KNSL FY 2015 Earnings Report — Kinsale Capital Group, Inc. Revenue & Financial Results | Market Cap Arena

Kinsale Capital Group, Inc.KNSL

FY 2015 Earnings

Reported December 30, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$81M	—	$64M	—	26.6%
Op. Income	$34M	—	$19M	—	72.3%
Gross Margin	68.5%	—	56.0%	—	12.5pp
Net Margin	27.6%	—	20.4%	—	7.3pp
EPS (Diluted)	$1.06	—	$0.62	—	71.0%
Free Cash Flow	$78M	—	$79M	—	-0.7%

Revenue Flow

Item	Amount
REVENUE	$81M
Cost of Revenue	$25M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$22M
Operating Expenses	$22M
Cost & Expenses	$47M
OPERATING INCOME	$34M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$642.0K
EBIT	$34M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$81M
Cost of Revenue	$25M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$22M
Operating Expenses	$22M
Cost & Expenses	$47M
OPERATING INCOME	$34M
Interest Income	$6M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$642.0K
EBIT	$34M
EBITDA	$34M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$642.0K
Stock-Based Compensation	$65.0K
Deferred Income Tax	-$879.0K
Other Non-Cash Items	-$59.0K
Change in Working Capital	$57M
OPERATING CASH FLOW	$79M
Capital Expenditure	-$231.0K
Acquisitions (Net)	$0
Purchases of Investments	-$129M
Sales/Maturities of Investments	$49M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$60.0K
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$78M
Net Change in Cash	$586.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$344M
Net Receivables	$123M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$492M
PP&E (Net)	$341M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$344M
Tax Assets	$7M
Other Non-Current Assets	-$348M
TOTAL NON-CURRENT ASSETS	$348M
TOTAL ASSETS	$545M
Account Payables	$11M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$11M
TOTAL CURRENT LIABILITIES	$11M
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$30M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$432M
Common Stock	$1.0K
Additional Paid-In Capital	$80M
Retained Earnings	$30M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$113M
Minority Interest	$0
TOTAL EQUITY	$113M
TOTAL LIABILITIES & EQUITY	$545M
Total Debt	$30M
Net Debt	$5M