MYFW FY 2020 Earnings Report — First Western Financial, Inc. Revenue & Financial Results | Market Cap Arena

First Western Financial, Inc.MYFW

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$103M	—	$77M	—	34.0%
Op. Income	$33M	—	$10M	—	224.4%
Gross Margin	88.4%	—	82.2%	—	6.2pp
Net Margin	23.8%	—	10.4%	—	13.4pp
EPS (Diluted)	$3.08	—	$1.01	—	205.0%
Free Cash Flow	-$95M	—	-$22M	—	-331.1%

Revenue Flow

Item	Amount
REVENUE	$103M
Cost of Revenue	$12M
GROSS PROFIT	$91M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$36M
SG&A Expenses	$38M
Other Expenses	$20M
Operating Expenses	$58M
Cost & Expenses	$70M
OPERATING INCOME	$33M
Interest Income	$53M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$1M
EBIT	$33M
EBITDA	$34M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$103M
Cost of Revenue	$12M
GROSS PROFIT	$91M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$36M
SG&A Expenses	$38M
Other Expenses	$20M
Operating Expenses	$58M
Cost & Expenses	$70M
OPERATING INCOME	$33M
Interest Income	$53M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$1M
EBIT	$33M
EBITDA	$34M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$1M
Stock-Based Compensation	$3M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$117M
Change in Working Capital	-$3M
OPERATING CASH FLOW	-$93M
Capital Expenditure	-$1M
Acquisitions (Net)	-$61M
Purchases of Investments	-$8M
Sales/Maturities of Investments	$29M
Other Investing Activities	-$414M
NET CASH FROM INVESTING	-$456M
Net Debt Issuance	$157M
Common Stock Repurchased	-$377.0K
Common Dividends Paid	$0
Other Financing Activities	$470M
NET CASH FROM FINANCING	$627M
FREE CASH FLOW	-$95M
Net Change in Cash	$77M

Balance Sheet

Item	Amount
Cash & Equivalents	$156M
Short-Term Investments	$37M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$206M
PP&E (Net)	$5M
Goodwill	$24M
Intangible Assets	$67.0K
Long-Term Investments	$1.7B
Tax Assets	$6M
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.0B
Account Payables	$453.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$174M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$198M
TOTAL LIABILITIES	$1.8B
Common Stock	$0
Additional Paid-In Capital	$145M
Retained Earnings	$10M
Treasury Stock	$0
Accum. Other Comp. Income	$680.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$155M
Minority Interest	$0
TOTAL EQUITY	$155M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$174M
Net Debt	$18M