OFG FY 2020 Earnings Report — OFG Bancorp Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported February 26, 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	$541M	—	$430M	—	25.9%
Op. Income	$95M	—	$75M	—	26.0%
Gross Margin	70.9%	—	65.6%	—	5.3pp
Net Margin	13.7%	—	12.5%	—	1.2pp
EPS (Diluted)	$1.32	—	$0.92	—	43.5%
Free Cash Flow	$20M	—	$97M	—	-79.6%

Revenue Flow

Item	Amount
REVENUE	$541M
Cost of Revenue	$158M
GROSS PROFIT	$384M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$146M
SG&A Expenses	$151M
Other Expenses	$137M
Operating Expenses	$289M
Cost & Expenses	$446M
OPERATING INCOME	$95M
Interest Income	$473M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$20M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$24M
EBIT	$95M
EBITDA	$119M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$541M
Cost of Revenue	$158M
GROSS PROFIT	$384M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$146M
SG&A Expenses	$151M
Other Expenses	$137M
Operating Expenses	$289M
Cost & Expenses	$446M
OPERATING INCOME	$95M
Interest Income	$473M
Interest Expense	$65M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$20M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$24M
EBIT	$95M
EBITDA	$119M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$24M
Stock-Based Compensation	$2M
Deferred Income Tax	$28M
Other Non-Cash Items	-$38M
Change in Working Capital	-$55M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$15M
Acquisitions (Net)	-$402.0K
Purchases of Investments	-$162M
Sales/Maturities of Investments	$891M
Other Investing Activities	$44M
NET CASH FROM INVESTING	$758M
Net Debt Issuance	$0
Common Stock Repurchased	-$2M
Common Dividends Paid	-$14M
Other Financing Activities	$533M
NET CASH FROM FINANCING	$510M
FREE CASH FLOW	$20M
Net Change in Cash	$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.2B
Short-Term Investments	$446M
Net Receivables	$66M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$115M
Goodwill	$86M
Intangible Assets	$93M
Long-Term Investments	$6.5B
Tax Assets	$162M
Other Non-Current Assets	$128M
TOTAL NON-CURRENT ASSETS	$7.1B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.4B
TOTAL CURRENT LIABILITIES	$8.6B
Long-Term Debt	$102M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$170M
TOTAL LIABILITIES	$8.7B
Common Stock	$60M
Additional Paid-In Capital	$623M
Retained Earnings	$300M
Treasury Stock	-$103M
Accum. Other Comp. Income	$114M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$135M
Net Debt	-$2.0B