OPY FY 2022 Earnings Report — Oppenheimer Holdings Inc. Revenue & Financial Results | Market Cap Arena

Oppenheimer Holdings Inc.OPY

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.4B	—	-20.3%
Op. Income	$199M	—	$344M	—	-42.2%
Gross Margin	31.0%	—	34.8%	—	-3.8pp
Net Margin	2.9%	—	11.4%	—	-8.5pp
EPS (Diluted)	$2.57	—	$11.70	—	-78.0%
Free Cash Flow	$48M	—	$220M	—	-78.1%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$766M
GROSS PROFIT	$345M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$145M
SG&A Expenses	$145M
Other Expenses	$0
Operating Expenses	$145M
Cost & Expenses	$912M
OPERATING INCOME	$199M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$154M
INCOME BEFORE TAX	$46M
Income Tax Expense	$13M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$34M
EBIT	$69M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$766M
GROSS PROFIT	$345M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$145M
SG&A Expenses	$145M
Other Expenses	$0
Operating Expenses	$145M
Cost & Expenses	$912M
OPERATING INCOME	$199M
Interest Income	$0
Interest Expense	$24M
Other Income/Expenses	-$154M
INCOME BEFORE TAX	$46M
Income Tax Expense	$13M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$34M
EBIT	$69M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$34M
Stock-Based Compensation	$16M
Deferred Income Tax	-$15M
Other Non-Cash Items	$11M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$16M
Acquisitions (Net)	$77M
Purchases of Investments	-$233M
Sales/Maturities of Investments	$156M
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$14M
Net Debt Issuance	-$80M
Common Stock Repurchased	-$61M
Common Dividends Paid	-$7M
Other Financing Activities	-$106M
NET CASH FROM FINANCING	-$254M
FREE CASH FLOW	$48M
Net Change in Cash	-$204M

Balance Sheet

Item	Amount
Cash & Equivalents	$112M
Short-Term Investments	$0
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$201M
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$179M
Goodwill	$138M
Intangible Assets	$32M
Long-Term Investments	$323M
Tax Assets	$0
Other Non-Current Assets	$184M
TOTAL NON-CURRENT ASSETS	$857M
TOTAL ASSETS	$2.7B
Account Payables	$102M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$792M
Long-Term Debt	$451M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$32M
Other Non-Current Liabilities	$437M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$1.9B
Common Stock	$11.0K
Additional Paid-In Capital	$29M
Retained Earnings	$764M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$794M
Minority Interest	$26M
TOTAL EQUITY	$820M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$633M
Net Debt	$521M