NFBK FY 2019 Earnings Report — Northfield Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northfield Bancorp, Inc.NFBK

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$180M	—	$155M	—	15.8%
Op. Income	$53M	—	$50M	—	6.7%
Gross Margin	70.3%	—	75.1%	—	-4.8pp
Net Margin	22.4%	—	25.8%	—	-3.4pp
EPS (Diluted)	$0.85	—	$0.85	—	0.0%
Free Cash Flow	$48M	—	$50M	—	-4.8%

Revenue Flow

Item	Amount
REVENUE	$180M
Cost of Revenue	$53M
GROSS PROFIT	$127M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$40M
SG&A Expenses	$44M
Other Expenses	$30M
Operating Expenses	$74M
Cost & Expenses	$127M
OPERATING INCOME	$53M
Interest Income	$164M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$53M
Income Tax Expense	$13M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$9M
EBIT	$53M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$180M
Cost of Revenue	$53M
GROSS PROFIT	$127M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$40M
SG&A Expenses	$44M
Other Expenses	$30M
Operating Expenses	$74M
Cost & Expenses	$127M
OPERATING INCOME	$53M
Interest Income	$164M
Interest Expense	$53M
Other Income/Expenses	$0
INCOME BEFORE TAX	$53M
Income Tax Expense	$13M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$9M
EBIT	$53M
EBITDA	$62M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$9M
Stock-Based Compensation	$6M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	$2M
OPERATING CASH FLOW	$51M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$638M
Sales/Maturities of Investments	$323M
Other Investing Activities	-$204M
NET CASH FROM INVESTING	-$523M
Net Debt Issuance	-$44.0K
Common Stock Repurchased	-$16M
Common Dividends Paid	-$20M
Other Financing Activities	$578M
NET CASH FROM FINANCING	$542M
FREE CASH FLOW	$48M
Net Change in Cash	$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$148M
Short-Term Investments	$1.1B
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$65M
Goodwill	$38M
Intangible Assets	$0
Long-Term Investments	$3.4B
Tax Assets	$0
Other Non-Current Assets	$230M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.1B
Account Payables	$0
Short-Term Debt	$75M
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$782M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$846M
TOTAL LIABILITIES	$4.4B
Common Stock	$609.0K
Additional Paid-In Capital	$548M
Retained Earnings	$323M
Treasury Stock	-$161M
Accum. Other Comp. Income	$5M
Other Equity	-$20M
TOTAL STOCKHOLDERS' EQUITY	$696M
Minority Interest	$0
TOTAL EQUITY	$696M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$901M
Net Debt	$753M