OFG FY 2013 Earnings Report — OFG Bancorp Revenue & Financial Results | Market Cap Arena

FY 2013 Earnings

Reported March 3, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$485M	—	$303M	—	60.0%
Op. Income	$90M	—	$28M	—	222.1%
Gross Margin	67.7%	—	58.1%	—	9.6pp
Net Margin	20.3%	—	8.1%	—	12.2pp
EPS (Diluted)	$1.73	—	$0.35	—	394.3%
Free Cash Flow	$165M	—	$48M	—	240.9%

Revenue Flow

Item	Amount
REVENUE	$485M
Cost of Revenue	$157M
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$102M
SG&A Expenses	$109M
Other Expenses	$130M
Operating Expenses	$239M
Cost & Expenses	$396M
OPERATING INCOME	$90M
Interest Income	$494M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	-$9M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$92M
D&A	$13M
EBIT	$90M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$485M
Cost of Revenue	$157M
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$102M
SG&A Expenses	$109M
Other Expenses	$130M
Operating Expenses	$239M
Cost & Expenses	$396M
OPERATING INCOME	$90M
Interest Income	$494M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	-$9M
Net Income from Continuing Ops	$98M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$98M
Net Income Deductions	-$7M
BOTTOM LINE NET INCOME	$92M
D&A	$13M
EBIT	$90M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$98M
Depreciation & Amortization	$13M
Stock-Based Compensation	$2M
Deferred Income Tax	-$11M
Other Non-Cash Items	$35M
Change in Working Capital	$37M
OPERATING CASH FLOW	$174M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$33M
Sales/Maturities of Investments	$716M
Other Investing Activities	$45M
NET CASH FROM INVESTING	$719M
Net Debt Issuance	-$137M
Common Stock Repurchased	-$16.0K
Common Dividends Paid	-$11M
Other Financing Activities	-$964M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$165M
Net Change in Cash	-$234M

Balance Sheet

Item	Amount
Cash & Equivalents	$621M
Short-Term Investments	$1.6B
Net Receivables	$27M
Inventory	-$50M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$83M
Goodwill	$86M
Intangible Assets	$26M
Long-Term Investments	$5.0B
Tax Assets	$138M
Other Non-Current Assets	$533M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$8.1B
Account Payables	$0
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$6.8B
Long-Term Debt	$440M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$478M
TOTAL LIABILITIES	$7.3B
Common Stock	$53M
Additional Paid-In Capital	$538M
Retained Earnings	$134M
Treasury Stock	-$81M
Accum. Other Comp. Income	$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$885M
Minority Interest	$0
TOTAL EQUITY	$885M
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$1.7B
Net Debt	$1.1B