OFG FY 2016 Earnings Report — OFG Bancorp Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported March 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$386M	—	$386M	—	-0.1%
Op. Income	$85M	—	-$20M	—	524.7%
Gross Margin	68.3%	—	40.3%	—	28.0pp
Net Margin	15.3%	—	-0.6%	—	16.0pp
EPS (Diluted)	$1.03	—	$-0.37	—	378.4%
Free Cash Flow	$73M	—	$92M	—	-20.2%

Revenue Flow

Item	Amount
REVENUE	$386M
Cost of Revenue	$122M
GROSS PROFIT	$264M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$86M
Operating Expenses	$178M
Cost & Expenses	$301M
OPERATING INCOME	$85M
Interest Income	$357M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$26M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$11M
EBIT	$85M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$386M
Cost of Revenue	$122M
GROSS PROFIT	$264M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$86M
Operating Expenses	$178M
Cost & Expenses	$301M
OPERATING INCOME	$85M
Interest Income	$357M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$26M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$11M
EBIT	$85M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$11M
Stock-Based Compensation	$1M
Deferred Income Tax	$23M
Other Non-Cash Items	-$10M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$79M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$206M
Sales/Maturities of Investments	$548M
Other Investing Activities	$231M
NET CASH FROM INVESTING	$568M
Net Debt Issuance	-$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	-$582M
NET CASH FROM FINANCING	-$673M
FREE CASH FLOW	$73M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$513M
Short-Term Investments	$751M
Net Receivables	$27M
Inventory	-$41M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$70M
Goodwill	$86M
Intangible Assets	$16M
Long-Term Investments	$4.7B
Tax Assets	$124M
Other Non-Current Assets	$151M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$6.5B
Account Payables	$0
Short-Term Debt	$654M
Deferred Revenue	$0
Other Current Liabilities	$4.7B
TOTAL CURRENT LIABILITIES	$5.4B
Long-Term Debt	$142M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$42M
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$168M
TOTAL LIABILITIES	$5.6B
Common Stock	$53M
Additional Paid-In Capital	$541M
Retained Earnings	$178M
Treasury Stock	-$105M
Accum. Other Comp. Income	$78M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$920M
Minority Interest	$0
TOTAL EQUITY	$920M
TOTAL LIABILITIES & EQUITY	$6.5B
Total Debt	$795M
Net Debt	$285M