OMF Q3 2023 Earnings Report — OneMain Holdings, Inc. Revenue & Financial Results | Market Cap Arena

OneMain Holdings, Inc.OMF

Q3 2023 Earnings

Reported October 26, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2023	Q2 2023	Q3 2022	QoQ Change	YoY Change
Revenue	$1.4B	$1.3B	—	3.8%	—
Op. Income	$246M	$138M	—	78.3%	—
Gross Margin	49.9%	44.5%	—	5.5pp	—
Net Margin	14.3%	7.9%	—	6.4pp	—
EPS (Diluted)	$1.61	$0.85	—	89.4%	—
Free Cash Flow	$596M	$683M	—	-12.7%	—

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$677M
GROSS PROFIT	$675M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$265M
SG&A Expenses	$265M
Other Expenses	$164M
Operating Expenses	$429M
Cost & Expenses	$1.1B
OPERATING INCOME	$246M
Interest Income	$1.2B
Interest Expense	$267M
Other Income/Expenses	$0
INCOME BEFORE TAX	$246M
Income Tax Expense	$52M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$66M
EBIT	$246M
EBITDA	$312M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$677M
GROSS PROFIT	$675M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$265M
SG&A Expenses	$265M
Other Expenses	$164M
Operating Expenses	$429M
Cost & Expenses	$1.1B
OPERATING INCOME	$246M
Interest Income	$1.2B
Interest Expense	$267M
Other Income/Expenses	$0
INCOME BEFORE TAX	$246M
Income Tax Expense	$52M
Net Income from Continuing Ops	$194M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$194M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$194M
D&A	$66M
EBIT	$246M
EBITDA	$312M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$194M
Depreciation & Amortization	$66M
Stock-Based Compensation	$6M
Deferred Income Tax	-$16M
Other Non-Cash Items	$399M
Change in Working Capital	-$53M
OPERATING CASH FLOW	$596M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$47M
Sales/Maturities of Investments	$83M
Other Investing Activities	-$928M
NET CASH FROM INVESTING	-$892M
Net Debt Issuance	$647M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$121M
Other Financing Activities	-$2M
NET CASH FROM FINANCING	$513M
FREE CASH FLOW	$596M
Net Change in Cash	$217M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$439M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$0
Goodwill	$1.4B
Intangible Assets	$260M
Long-Term Investments	$19.8B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$22.7B
TOTAL ASSETS	$24.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$19.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$1.2B
TOTAL NON-CURRENT LIABILITIES	$21.0B
TOTAL LIABILITIES	$21.0B
Common Stock	$1M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.2B
Treasury Stock	-$709M
Accum. Other Comp. Income	-$129M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$24.1B
Total Debt	$19.9B
Net Debt	$18.8B