KRNY FY 2022 Earnings Report — Kearny Financial Corp. Revenue & Financial Results | Market Cap Arena

Kearny Financial Corp.KRNY

FY 2022 Earnings

Reported August 26, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$240M	—	$256M	—	-6.2%
Op. Income	$92M	—	$84M	—	9.3%
Gross Margin	90.8%	—	81.0%	—	9.8pp
Net Margin	28.1%	—	24.7%	—	3.4pp
EPS (Diluted)	$0.95	—	$0.77	—	23.4%
Free Cash Flow	$78M	—	$70M	—	12.0%

Revenue Flow

Item	Amount
REVENUE	$240M
Cost of Revenue	$22M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$81M
SG&A Expenses	$83M
Other Expenses	$43M
Operating Expenses	$126M
Cost & Expenses	$148M
OPERATING INCOME	$92M
Interest Income	$226M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$25M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$7M
EBIT	$92M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$240M
Cost of Revenue	$22M
GROSS PROFIT	$218M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$81M
SG&A Expenses	$83M
Other Expenses	$43M
Operating Expenses	$126M
Cost & Expenses	$148M
OPERATING INCOME	$92M
Interest Income	$226M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$25M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$7M
EBIT	$92M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$68M
Depreciation & Amortization	$7M
Stock-Based Compensation	$6M
Deferred Income Tax	$5M
Other Non-Cash Items	$3M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$81M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$316M
Sales/Maturities of Investments	$437M
Other Investing Activities	-$598M
NET CASH FROM INVESTING	-$480M
Net Debt Issuance	$215M
Common Stock Repurchased	-$130M
Common Dividends Paid	-$31M
Other Financing Activities	$379M
NET CASH FROM FINANCING	$432M
FREE CASH FLOW	$78M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$102M
Short-Term Investments	$1.3B
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$53M
Goodwill	$211M
Intangible Assets	$3M
Long-Term Investments	$5.5B
Tax Assets	$49M
Other Non-Current Assets	$419M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$7.7B
Account Payables	$0
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	$5.9B
TOTAL CURRENT LIABILITIES	$6.1B
Long-Term Debt	$651M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$714M
TOTAL LIABILITIES	$6.8B
Common Stock	$687.0K
Additional Paid-In Capital	$528M
Retained Earnings	$445M
Treasury Stock	$0
Accum. Other Comp. Income	-$56M
Other Equity	-$25M
TOTAL STOCKHOLDERS' EQUITY	$894M
Minority Interest	$0
TOTAL EQUITY	$894M
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$901M
Net Debt	$800M