MCHB FY 2018 Earnings Report — Mechanics Bank Revenue & Financial Results | Market Cap Arena

Mechanics BankMCHB

FY 2018 Earnings

Reported March 6, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$256M	—	$229M	—	11.8%
Op. Income	$28M	—	$26M	—	9.6%
Gross Margin	74.8%	—	85.8%	—	-11.0pp
Net Margin	15.6%	—	30.1%	—	-14.5pp
EPS (Diluted)	$1484.08	—	$2566.39	—	-42.2%
Free Cash Flow	$276M	—	$116M	—	137.3%

Revenue Flow

Item	Amount
REVENUE	$256M
Cost of Revenue	$64M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$22M
Operating Expenses	$163M
Cost & Expenses	$228M
OPERATING INCOME	$28M
Interest Income	$251M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$2M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$14M
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$19M
EBIT	$28M
EBITDA	$47M
EPS	$1.5K
EPS Diluted	$1.5K

Income Statement

Item	Amount
REVENUE	$256M
Cost of Revenue	$64M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$141M
SG&A Expenses	$141M
Other Expenses	$22M
Operating Expenses	$163M
Cost & Expenses	$228M
OPERATING INCOME	$28M
Interest Income	$251M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$2M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$14M
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$19M
EBIT	$28M
EBITDA	$47M
EPS	$1.5K
EPS Diluted	$1.5K

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$19M
Stock-Based Compensation	$3M
Deferred Income Tax	$13M
Other Non-Cash Items	$223M
Change in Working Capital	-$12M
OPERATING CASH FLOW	$286M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$190M
Sales/Maturities of Investments	$153M
Other Investing Activities	-$518M
NET CASH FROM INVESTING	-$564M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$289M
NET CASH FROM FINANCING	$263M
FREE CASH FLOW	$276M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$58M
PP&E (Net)	$88M
Goodwill	$23M
Intangible Assets	$103M
Long-Term Investments	$6.6B
Tax Assets	$0
Other Non-Current Assets	$217M
TOTAL NON-CURRENT ASSETS	$7.0B
TOTAL ASSETS	$7.0B
Account Payables	$170M
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$4.9B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$167M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$6.3B
Common Stock	$511.0K
Additional Paid-In Capital	$342M
Retained Earnings	$412M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$740M
Minority Interest	$0
TOTAL EQUITY	$740M
TOTAL LIABILITIES & EQUITY	$7.0B
Total Debt	$1.1B
Net Debt	$1.0B