OPY FY 2019 Earnings Report — Oppenheimer Holdings Inc. Revenue & Financial Results | Market Cap Arena

Oppenheimer Holdings Inc.OPY

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.0B	—	$958M	—	7.9%
Op. Income	$210M	—	$192M	—	9.1%
Gross Margin	34.2%	—	34.2%	—	-0.0pp
Net Margin	5.1%	—	3.0%	—	2.1pp
EPS (Diluted)	$3.82	—	$2.05	—	86.3%
Free Cash Flow	$69M	—	$159M	—	-56.7%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$680M
GROSS PROFIT	$354M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$144M
SG&A Expenses	$144M
Other Expenses	$0
Operating Expenses	$144M
Cost & Expenses	$823M
OPERATING INCOME	$210M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$75M
Income Tax Expense	$22M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$33M
EBIT	$121M
EBITDA	$153M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$680M
GROSS PROFIT	$354M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$144M
SG&A Expenses	$144M
Other Expenses	$0
Operating Expenses	$144M
Cost & Expenses	$823M
OPERATING INCOME	$210M
Interest Income	$0
Interest Expense	$46M
Other Income/Expenses	-$135M
INCOME BEFORE TAX	$75M
Income Tax Expense	$22M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$33M
EBIT	$121M
EBITDA	$153M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$33M
Stock-Based Compensation	$12M
Deferred Income Tax	$10M
Other Non-Cash Items	$13M
Change in Working Capital	-$41M
OPERATING CASH FLOW	$79M
Capital Expenditure	-$10M
Acquisitions (Net)	$197M
Purchases of Investments	-$250M
Sales/Maturities of Investments	$53M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$65M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$6M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$82M
FREE CASH FLOW	$69M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$0
Net Receivables	$1.0B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$192M
Goodwill	$138M
Intangible Assets	$32M
Long-Term Investments	$800M
Tax Assets	$0
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$2.5B
Account Payables	$45M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$666M
Long-Term Debt	$410M
Deferred Revenue NC	$234M
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$335M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$1.9B
Common Stock	$47M
Additional Paid-In Capital	$47M
Retained Earnings	$497M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$593M
Minority Interest	$0
TOTAL EQUITY	$593M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$613M
Net Debt	$533M