KRNY FY 2021 Earnings Report — Kearny Financial Corp. Revenue & Financial Results | Market Cap Arena

Kearny Financial Corp.KRNY

FY 2021 Earnings

Reported August 27, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$256M	—	$253M	—	1.2%
Op. Income	$84M	—	$57M	—	47.6%
Gross Margin	81.0%	—	65.2%	—	15.8pp
Net Margin	24.7%	—	17.8%	—	6.9pp
EPS (Diluted)	$0.77	—	$0.55	—	40.0%
Free Cash Flow	$70M	—	$13M	—	423.5%

Revenue Flow

Item	Amount
REVENUE	$256M
Cost of Revenue	$49M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$74M
SG&A Expenses	$76M
Other Expenses	$47M
Operating Expenses	$123M
Cost & Expenses	$172M
OPERATING INCOME	$84M
Interest Income	$238M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$84M
Income Tax Expense	$21M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$7M
EBIT	$84M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$256M
Cost of Revenue	$49M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$74M
SG&A Expenses	$76M
Other Expenses	$47M
Operating Expenses	$123M
Cost & Expenses	$172M
OPERATING INCOME	$84M
Interest Income	$238M
Interest Expense	$50M
Other Income/Expenses	$0
INCOME BEFORE TAX	$84M
Income Tax Expense	$21M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$63M
D&A	$7M
EBIT	$84M
EBITDA	$91M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$7M
Stock-Based Compensation	$8M
Deferred Income Tax	$4M
Other Non-Cash Items	-$12M
Change in Working Capital	$6M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$5M
Acquisitions (Net)	$4M
Purchases of Investments	-$931M
Sales/Maturities of Investments	$622M
Other Investing Activities	$226M
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	-$551M
Common Stock Repurchased	-$120M
Common Dividends Paid	-$29M
Other Financing Activities	$595M
NET CASH FROM FINANCING	-$105M
FREE CASH FLOW	$70M
Net Change in Cash	-$113M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$1.7B
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$56M
Goodwill	$211M
Intangible Assets	$4M
Long-Term Investments	$4.8B
Tax Assets	$29M
Other Non-Current Assets	$372M
TOTAL NON-CURRENT ASSETS	$5.5B
TOTAL ASSETS	$7.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.5B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$686M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$70M
TOTAL NON-CURRENT LIABILITIES	$755M
TOTAL LIABILITIES	$6.2B
Common Stock	$790.0K
Additional Paid-In Capital	$654M
Retained Earnings	$408M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	-$27M
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$7.3B
Total Debt	$686M
Net Debt	$618M