MYFW FY 2021 Earnings Report — First Western Financial, Inc. Revenue & Financial Results | Market Cap Arena

First Western Financial, Inc.MYFW

FY 2021 Earnings

Reported March 15, 2022

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	$101M	—	$103M	—	-2.0%
Op. Income	$27M	—	$33M	—	-17.5%
Gross Margin	93.4%	—	88.4%	—	5.0pp
Net Margin	20.4%	—	23.8%	—	-3.4pp
EPS (Diluted)	$2.50	—	$3.08	—	-18.8%
Free Cash Flow	$160M	—	-$95M	—	269.7%

Revenue Flow

Item	Amount
REVENUE	$101M
Cost of Revenue	$7M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$74M
OPERATING INCOME	$27M
Interest Income	$62M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$7M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$1M
EBIT	$27M
EBITDA	$29M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$101M
Cost of Revenue	$7M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$74M
OPERATING INCOME	$27M
Interest Income	$62M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$7M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$1M
EBIT	$27M
EBITDA	$29M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$1M
Stock-Based Compensation	$3M
Deferred Income Tax	-$668.0K
Other Non-Cash Items	$136M
Change in Working Capital	$2M
OPERATING CASH FLOW	$163M
Capital Expenditure	-$2M
Acquisitions (Net)	$121M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$17M
Other Investing Activities	-$159M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$96M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$206M
NET CASH FROM FINANCING	$112M
FREE CASH FLOW	$160M
Net Change in Cash	$231M

Balance Sheet

Item	Amount
Cash & Equivalents	$385M
Short-Term Investments	$56M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$456M
PP&E (Net)	$24M
Goodwill	$31M
Intangible Assets	$1M
Long-Term Investments	$2.0B
Tax Assets	$7M
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.5B
Account Payables	$355.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$78M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$2.3B
Common Stock	$0
Additional Paid-In Capital	$189M
Retained Earnings	$30M
Treasury Stock	$0
Accum. Other Comp. Income	$223.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$219M
Minority Interest	$0
TOTAL EQUITY	$219M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$78M
Net Debt	-$308M