KRNY FY 2017 Earnings Report — Kearny Financial Corp. Revenue & Financial Results | Market Cap Arena

Kearny Financial Corp.KRNY

FY 2017 Earnings

Reported August 29, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$150M	—	$138M	—	9.3%
Op. Income	$27M	—	$23M	—	21.3%
Gross Margin	72.1%	—	69.0%	—	3.1pp
Net Margin	12.4%	—	11.5%	—	0.9pp
EPS (Diluted)	$0.22	—	$0.18	—	22.2%
Free Cash Flow	$34M	—	$37M	—	-6.7%

Revenue Flow

Item	Amount
REVENUE	$150M
Cost of Revenue	$42M
GROSS PROFIT	$109M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$51M
SG&A Expenses	$54M
Other Expenses	$28M
Operating Expenses	$81M
Cost & Expenses	$123M
OPERATING INCOME	$27M
Interest Income	$139M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$3M
EBIT	$27M
EBITDA	$30M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$150M
Cost of Revenue	$42M
GROSS PROFIT	$109M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$51M
SG&A Expenses	$54M
Other Expenses	$28M
Operating Expenses	$81M
Cost & Expenses	$123M
OPERATING INCOME	$27M
Interest Income	$139M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$3M
EBIT	$27M
EBITDA	$30M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$3M
Stock-Based Compensation	$7M
Deferred Income Tax	-$2M
Other Non-Cash Items	$19M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$203M
Sales/Maturities of Investments	$347M
Other Investing Activities	-$593M
NET CASH FROM INVESTING	-$454M
Net Debt Issuance	$192M
Common Stock Repurchased	-$126M
Common Dividends Paid	-$8M
Other Financing Activities	$237M
NET CASH FROM FINANCING	$294M
FREE CASH FLOW	$34M
Net Change in Cash	-$121M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$614M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$704M
PP&E (Net)	$40M
Goodwill	$109M
Intangible Assets	$292.0K
Long-Term Investments	$3.7B
Tax Assets	$15M
Other Non-Current Assets	$236M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$4.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$806M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$831M
TOTAL LIABILITIES	$3.8B
Common Stock	$844.0K
Additional Paid-In Capital	$729M
Retained Earnings	$361M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	-$35M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$806M
Net Debt	$728M