OMF Q2 2021 Earnings Report — OneMain Holdings, Inc. Revenue & Financial Results | Market Cap Arena

OneMain Holdings, Inc.OMF

Q2 2021 Earnings

Reported July 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$1.2B	$1.2B	$1.2B	2.0%	-0.2%
Op. Income	$463M	$546M	$118M	-15.2%	292.4%
Gross Margin	70.3%	80.6%	43.3%	-10.3pp	26.9pp
Net Margin	28.6%	34.5%	7.3%	-5.8pp	21.4pp
EPS (Diluted)	$2.60	$3.06	$0.66	-15.0%	293.9%
Free Cash Flow	$574M	$556M	$639M	3.2%	-10.2%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$363M
GROSS PROFIT	$859M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$242M
SG&A Expenses	$242M
Other Expenses	$154M
Operating Expenses	$396M
Cost & Expenses	$759M
OPERATING INCOME	$463M
Interest Income	$1.1B
Interest Expense	$231M
Other Income/Expenses	$0
INCOME BEFORE TAX	$463M
Income Tax Expense	$113M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$66M
EBIT	$463M
EBITDA	$529M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$363M
GROSS PROFIT	$859M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$242M
SG&A Expenses	$242M
Other Expenses	$154M
Operating Expenses	$396M
Cost & Expenses	$759M
OPERATING INCOME	$463M
Interest Income	$1.1B
Interest Expense	$231M
Other Income/Expenses	$0
INCOME BEFORE TAX	$463M
Income Tax Expense	$113M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$66M
EBIT	$463M
EBITDA	$529M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$350M
Depreciation & Amortization	$66M
Stock-Based Compensation	$4M
Deferred Income Tax	$17M
Other Non-Cash Items	$120M
Change in Working Capital	$17M
OPERATING CASH FLOW	$574M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$121M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$833M
NET CASH FROM INVESTING	-$828M
Net Debt Issuance	-$773M
Common Stock Repurchased	-$35M
Common Dividends Paid	-$94M
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	$676M
FREE CASH FLOW	$574M
Net Change in Cash	$422M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.8B
Short-Term Investments	$481M
Net Receivables	$273M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.5B
PP&E (Net)	$0
Goodwill	$1.4B
Intangible Assets	$287M
Long-Term Investments	$17.7B
Tax Assets	$0
Other Non-Current Assets	$461M
TOTAL NON-CURRENT ASSETS	$19.8B
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	$17.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$10M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$18.8B
TOTAL LIABILITIES	$18.8B
Common Stock	$1M
Additional Paid-In Capital	$1.7B
Retained Earnings	$1.8B
Treasury Stock	-$35M
Accum. Other Comp. Income	$85M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$22.4B
Total Debt	$17.6B
Net Debt	$15.8B