OPY FY 2018 Earnings Report — Oppenheimer Holdings Inc. Revenue & Financial Results | Market Cap Arena

Oppenheimer Holdings Inc.OPY

FY 2018 Earnings

Reported March 1, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$958M	—	$920M	—	4.1%
Op. Income	$192M	—	$162M	—	19.1%
Gross Margin	34.2%	—	32.0%	—	2.2pp
Net Margin	3.0%	—	2.5%	—	0.5pp
EPS (Diluted)	$2.05	—	$1.67	—	22.8%
Free Cash Flow	$159M	—	-$22M	—	833.4%

Revenue Flow

Item	Amount
REVENUE	$958M
Cost of Revenue	$630M
GROSS PROFIT	$328M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$0
Operating Expenses	$136M
Cost & Expenses	$766M
OPERATING INCOME	$192M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$147M
INCOME BEFORE TAX	$45M
Income Tax Expense	$16M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$7M
EBIT	$91M
EBITDA	$98M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$958M
Cost of Revenue	$630M
GROSS PROFIT	$328M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$136M
SG&A Expenses	$136M
Other Expenses	$0
Operating Expenses	$136M
Cost & Expenses	$766M
OPERATING INCOME	$192M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$147M
INCOME BEFORE TAX	$45M
Income Tax Expense	$16M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$7M
EBIT	$91M
EBITDA	$98M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$7M
Stock-Based Compensation	$7M
Deferred Income Tax	$3M
Other Non-Cash Items	$13M
Change in Working Capital	$110M
OPERATING CASH FLOW	$169M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$481.0K
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$103M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$6M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$118M
FREE CASH FLOW	$159M
Net Change in Cash	$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$91M
Short-Term Investments	$0
Net Receivables	$779M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$983M
PP&E (Net)	$29M
Goodwill	$138M
Intangible Assets	$32M
Long-Term Investments	$838M
Tax Assets	$14M
Other Non-Current Assets	$207M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.2B
Account Payables	$88M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	-$400M
TOTAL CURRENT LIABILITIES	$583M
Long-Term Debt	$715M
Deferred Revenue NC	$147M
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$651M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.7B
Common Stock	$53M
Additional Paid-In Capital	$42M
Retained Earnings	$450M
Treasury Stock	$0
Accum. Other Comp. Income	$165.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$545M
Minority Interest	$624M
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$732M
Net Debt	$641M