NFBK FY 2020 Earnings Report — Northfield Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Northfield Bancorp, Inc.NFBK

FY 2020 Earnings

Reported March 10, 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	$180M	—	$180M	—	-0.2%
Op. Income	$50M	—	$53M	—	-5.7%
Gross Margin	71.6%	—	70.3%	—	1.2pp
Net Margin	20.6%	—	22.4%	—	-1.8pp
EPS (Diluted)	$0.76	—	$0.85	—	-10.6%
Free Cash Flow	$52M	—	$48M	—	9.7%

Revenue Flow

Item	Amount
REVENUE	$180M
Cost of Revenue	$51M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$34M
Operating Expenses	$79M
Cost & Expenses	$130M
OPERATING INCOME	$50M
Interest Income	$166M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$13M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$9M
EBIT	$50M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$180M
Cost of Revenue	$51M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$34M
Operating Expenses	$79M
Cost & Expenses	$130M
OPERATING INCOME	$50M
Interest Income	$166M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$13M
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$37M
D&A	$9M
EBIT	$50M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$8M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$3M
Acquisitions (Net)	$73M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$202M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	-$265M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$21M
Other Financing Activities	$314M
NET CASH FROM FINANCING	$16M
FREE CASH FLOW	$52M
Net Change in Cash	-$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$88M
Short-Term Investments	$1.3B
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$65M
Goodwill	$41M
Intangible Assets	$0
Long-Term Investments	$3.8B
Tax Assets	$0
Other Non-Current Assets	$228M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$5.5B
Account Payables	$0
Short-Term Debt	$75M
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$517M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$579M
TOTAL LIABILITIES	$4.8B
Common Stock	$648.0K
Additional Paid-In Capital	$591M
Retained Earnings	$338M
Treasury Stock	-$170M
Accum. Other Comp. Income	$13M
Other Equity	-$19M
TOTAL STOCKHOLDERS' EQUITY	$754M
Minority Interest	$0
TOTAL EQUITY	$754M
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$635M
Net Debt	$547M