MBIN FY 2015 Earnings Report — Merchants Bancorp Revenue & Financial Results | Market Cap Arena

Merchants BancorpMBIN

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	—	—	—	—
Op. Income	$47M	—	—	—	—
Gross Margin	81.1%	—	—	—	—
Net Margin	35.2%	—	—	—	—
EPS (Diluted)	$0.90	—	—	—	—
Free Cash Flow	$117M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$81M
Cost of Revenue	$15M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$5M
Operating Expenses	$18M
Cost & Expenses	$33M
OPERATING INCOME	$47M
Interest Income	$56M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$19M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$301.0K
EBIT	$47M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$81M
Cost of Revenue	$15M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$5M
Operating Expenses	$18M
Cost & Expenses	$33M
OPERATING INCOME	$47M
Interest Income	$56M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$19M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$301.0K
EBIT	$47M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$301.0K
Stock-Based Compensation	$0
Deferred Income Tax	$482.0K
Other Non-Cash Items	$116M
Change in Working Capital	-$27M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$361M
Sales/Maturities of Investments	$329M
Other Investing Activities	-$317M
NET CASH FROM INVESTING	-$349M
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$429M
NET CASH FROM FINANCING	$448M
FREE CASH FLOW	$117M
Net Change in Cash	$217M

Balance Sheet

Item	Amount
Cash & Equivalents	$447M
Short-Term Investments	$254M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$706M
PP&E (Net)	$4M
Goodwill	$523.0K
Intangible Assets	$56M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$126M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.3B
Account Payables	$2M
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$18M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$55M
TOTAL LIABILITIES	$2.1B
Common Stock	$20M
Additional Paid-In Capital	$0
Retained Earnings	$118M
Treasury Stock	$0
Accum. Other Comp. Income	-$232.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$148M
Minority Interest	$0
TOTAL EQUITY	$148M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$57M
Net Debt	-$389M