OMF Q2 2020 Earnings Report — OneMain Holdings, Inc. Revenue & Financial Results | Market Cap Arena

OneMain Holdings, Inc.OMF

Q2 2020 Earnings

Reported July 30, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2020	Q1 2020	Q2 2019	QoQ Change	YoY Change
Revenue	$1.2B	$1.2B	$1.2B	-1.8%	4.9%
Op. Income	$118M	$43M	$256M	174.4%	-53.9%
Gross Margin	43.3%	37.0%	56.7%	6.4pp	-13.3pp
Net Margin	7.3%	2.6%	16.6%	4.7pp	-9.3pp
EPS (Diluted)	$0.66	$0.24	$1.42	175.0%	-53.5%
Free Cash Flow	$639M	$565M	$597M	13.1%	7.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$694M
GROSS PROFIT	$531M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$274M
SG&A Expenses	$274M
Other Expenses	$139M
Operating Expenses	$413M
Cost & Expenses	$1.1B
OPERATING INCOME	$118M
Interest Income	$1.1B
Interest Expense	$271M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$29M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$66M
EBIT	$118M
EBITDA	$184M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$694M
GROSS PROFIT	$531M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$274M
SG&A Expenses	$274M
Other Expenses	$139M
Operating Expenses	$413M
Cost & Expenses	$1.1B
OPERATING INCOME	$118M
Interest Income	$1.1B
Interest Expense	$271M
Other Income/Expenses	$0
INCOME BEFORE TAX	$118M
Income Tax Expense	$29M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$66M
EBIT	$118M
EBITDA	$184M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$66M
Stock-Based Compensation	$3M
Deferred Income Tax	-$33M
Other Non-Cash Items	$416M
Change in Working Capital	$98M
OPERATING CASH FLOW	$639M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$77M
Sales/Maturities of Investments	$136M
Other Investing Activities	$243M
NET CASH FROM INVESTING	$302M
Net Debt Issuance	-$2.4B
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.5B
FREE CASH FLOW	$639M
Net Change in Cash	-$1.6B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.7B
Short-Term Investments	$502M
Net Receivables	$284M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.5B
PP&E (Net)	$0
Goodwill	$1.4B
Intangible Assets	$324M
Long-Term Investments	$16.8B
Tax Assets	$0
Other Non-Current Assets	$479M
TOTAL NON-CURRENT ASSETS	$19.0B
TOTAL ASSETS	$22.5B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$18.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$124M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$19.3B
TOTAL LIABILITIES	$19.3B
Common Stock	$1M
Additional Paid-In Capital	$1.6B
Retained Earnings	$1.5B
Treasury Stock	$0
Accum. Other Comp. Income	$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.2B
Minority Interest	$0
TOTAL EQUITY	$3.2B
TOTAL LIABILITIES & EQUITY	$22.5B
Total Debt	$18.0B
Net Debt	$15.3B