OFG FY 2019 Earnings Report — OFG Bancorp Revenue & Financial Results | Market Cap Arena

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	$430M	—	$401M	—	7.2%
Op. Income	$75M	—	$133M	—	-43.3%
Gross Margin	65.6%	—	74.9%	—	-9.3pp
Net Margin	12.5%	—	21.1%	—	-8.5pp
EPS (Diluted)	$0.92	—	$1.52	—	-39.5%
Free Cash Flow	$97M	—	$122M	—	-20.7%

Revenue Flow

Item	Amount
REVENUE	$430M
Cost of Revenue	$148M
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$115M
Operating Expenses	$207M
Cost & Expenses	$355M
OPERATING INCOME	$75M
Interest Income	$374M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$21M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$10M
EBIT	$75M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$430M
Cost of Revenue	$148M
GROSS PROFIT	$282M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$92M
Other Expenses	$115M
Operating Expenses	$207M
Cost & Expenses	$355M
OPERATING INCOME	$75M
Interest Income	$374M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$21M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$10M
EBIT	$75M
EBITDA	$85M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$10M
Stock-Based Compensation	$2M
Deferred Income Tax	-$4M
Other Non-Cash Items	$67M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$13M
Acquisitions (Net)	$67M
Purchases of Investments	-$2M
Sales/Maturities of Investments	$846M
Other Investing Activities	-$56M
NET CASH FROM INVESTING	$842M
Net Debt Issuance	$386.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$14M
Other Financing Activities	-$529M
NET CASH FROM FINANCING	-$549M
FREE CASH FLOW	$97M
Net Change in Cash	$403M

Balance Sheet

Item	Amount
Cash & Equivalents	$851M
Short-Term Investments	$1.1B
Net Receivables	$37M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$120M
Goodwill	$86M
Intangible Assets	$108M
Long-Term Investments	$6.6B
Tax Assets	$177M
Other Non-Current Assets	$149M
TOTAL NON-CURRENT ASSETS	$7.3B
TOTAL ASSETS	$9.3B
Account Payables	$0
Short-Term Debt	$190M
Deferred Revenue	$0
Other Current Liabilities	$7.7B
TOTAL CURRENT LIABILITIES	$8.1B
Long-Term Debt	$115M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$178M
TOTAL LIABILITIES	$8.3B
Common Stock	$60M
Additional Paid-In Capital	$622M
Retained Earnings	$280M
Treasury Stock	-$102M
Accum. Other Comp. Income	$95M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$9.3B
Total Debt	$345M
Net Debt	-$506M