OFG FY 2018 Earnings Report — OFG Bancorp Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported March 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$401M	—	$388M	—	3.4%
Op. Income	$133M	—	$68M	—	95.0%
Gross Margin	74.9%	—	60.1%	—	14.8pp
Net Margin	21.1%	—	13.6%	—	7.5pp
EPS (Diluted)	$1.52	—	$0.86	—	76.7%
Free Cash Flow	$122M	—	$145M	—	-15.9%

Revenue Flow

Item	Amount
REVENUE	$401M
Cost of Revenue	$101M
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$84M
SG&A Expenses	$89M
Other Expenses	$79M
Operating Expenses	$167M
Cost & Expenses	$268M
OPERATING INCOME	$133M
Interest Income	$360M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$133M
Income Tax Expense	$48M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$10M
EBIT	$133M
EBITDA	$143M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$401M
Cost of Revenue	$101M
GROSS PROFIT	$300M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$84M
SG&A Expenses	$89M
Other Expenses	$79M
Operating Expenses	$167M
Cost & Expenses	$268M
OPERATING INCOME	$133M
Interest Income	$360M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$133M
Income Tax Expense	$48M
Net Income from Continuing Ops	$84M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$84M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$10M
EBIT	$133M
EBITDA	$143M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$84M
Depreciation & Amortization	$10M
Stock-Based Compensation	$1M
Deferred Income Tax	$15M
Other Non-Cash Items	$3M
Change in Working Capital	$20M
OPERATING CASH FLOW	$133M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	-$272M
Sales/Maturities of Investments	$216M
Other Investing Activities	-$422M
NET CASH FROM INVESTING	-$489M
Net Debt Issuance	-$21M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	$363M
NET CASH FROM FINANCING	$317M
FREE CASH FLOW	$122M
Net Change in Cash	-$38M

Balance Sheet

Item	Amount
Cash & Equivalents	$450M
Short-Term Investments	$842M
Net Receivables	$37M
Inventory	-$32M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$69M
Goodwill	$86M
Intangible Assets	$14M
Long-Term Investments	$4.9B
Tax Assets	$114M
Other Non-Current Assets	$109M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$6.6B
Account Payables	$0
Short-Term Debt	$456M
Deferred Revenue	$0
Other Current Liabilities	$4.9B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$115M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$132M
TOTAL LIABILITIES	$5.6B
Common Stock	$60M
Additional Paid-In Capital	$619M
Retained Earnings	$253M
Treasury Stock	-$104M
Accum. Other Comp. Income	$79M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1000M
Minority Interest	$0
TOTAL EQUITY	$1000M
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$570M
Net Debt	$123M