OMF Q1 2023 Earnings Report — OneMain Holdings, Inc. Revenue & Financial Results | Market Cap Arena

OneMain Holdings, Inc.OMF

Q1 2023 Earnings

Reported April 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q1 2023	Q4 2022	Q1 2022	QoQ Change	YoY Change
Revenue	$1.3B	$1.3B	—	-1.6%	—
Op. Income	$235M	$237M	—	-0.8%	—
Gross Margin	50.9%	50.9%	—	0.1pp	—
Net Margin	14.1%	13.9%	—	0.2pp	—
EPS (Diluted)	$1.48	$1.44	—	2.8%	—
Free Cash Flow	$562M	$664M	—	-15.4%	—

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$624M
GROSS PROFIT	$647M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$259M
SG&A Expenses	$259M
Other Expenses	$153M
Operating Expenses	$412M
Cost & Expenses	$1.0B
OPERATING INCOME	$235M
Interest Income	$1.1B
Interest Expense	$239M
Other Income/Expenses	$0
INCOME BEFORE TAX	$235M
Income Tax Expense	$56M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$61M
EBIT	$235M
EBITDA	$296M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$624M
GROSS PROFIT	$647M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$259M
SG&A Expenses	$259M
Other Expenses	$153M
Operating Expenses	$412M
Cost & Expenses	$1.0B
OPERATING INCOME	$235M
Interest Income	$1.1B
Interest Expense	$239M
Other Income/Expenses	$0
INCOME BEFORE TAX	$235M
Income Tax Expense	$56M
Net Income from Continuing Ops	$179M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$179M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$179M
D&A	$61M
EBIT	$235M
EBITDA	$296M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$179M
Depreciation & Amortization	$61M
Stock-Based Compensation	$12M
Deferred Income Tax	$9M
Other Non-Cash Items	$367M
Change in Working Capital	-$66M
OPERATING CASH FLOW	$562M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$46M
Sales/Maturities of Investments	$90M
Other Investing Activities	-$248M
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	-$85M
Common Stock Repurchased	-$27M
Common Dividends Paid	-$123M
Other Financing Activities	$1M
NET CASH FROM FINANCING	-$242M
FREE CASH FLOW	$562M
Net Change in Cash	$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$367M
Short-Term Investments	$503M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$870M
PP&E (Net)	$0
Goodwill	$1.4B
Intangible Assets	$261M
Long-Term Investments	$18.8B
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$21.6B
TOTAL ASSETS	$22.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$18.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$1.1B
TOTAL NON-CURRENT LIABILITIES	$19.4B
TOTAL LIABILITIES	$19.4B
Common Stock	$1M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.2B
Treasury Stock	-$693M
Accum. Other Comp. Income	-$108M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$22.4B
Total Debt	$18.2B
Net Debt	$17.8B