OSBC FY 2019 Earnings Report — Old Second Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Old Second Bancorp, Inc.OSBC

FY 2019 Earnings

Reported March 6, 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	$149M	—	$137M	—	9.1%
Op. Income	$52M	—	$44M	—	18.0%
Gross Margin	86.3%	—	86.9%	—	-0.6pp
Net Margin	26.4%	—	24.8%	—	1.6pp
EPS (Diluted)	$1.30	—	$1.12	—	16.1%
Free Cash Flow	$48M	—	$53M	—	-9.0%

Revenue Flow

Item	Amount
REVENUE	$149M
Cost of Revenue	$20M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$54M
SG&A Expenses	$55M
Other Expenses	$22M
Operating Expenses	$77M
Cost & Expenses	$98M
OPERATING INCOME	$52M
Interest Income	$115M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$12M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$3M
EBIT	$52M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$149M
Cost of Revenue	$20M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$54M
SG&A Expenses	$55M
Other Expenses	$22M
Operating Expenses	$77M
Cost & Expenses	$98M
OPERATING INCOME	$52M
Interest Income	$115M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$12M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$3M
EBIT	$52M
EBITDA	$55M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$3M
Stock-Based Compensation	$3M
Deferred Income Tax	$6M
Other Non-Cash Items	$585.0K
Change in Working Capital	$644.0K
OPERATING CASH FLOW	$53M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$160M
Sales/Maturities of Investments	$233M
Other Investing Activities	-$27M
NET CASH FROM INVESTING	$42M
Net Debt Issuance	-$110M
Common Stock Repurchased	-$666.0K
Common Dividends Paid	-$1M
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$48M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$51M
Short-Term Investments	$485M
Net Receivables	$120M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$655M
PP&E (Net)	$44M
Goodwill	$21M
Intangible Assets	$6M
Long-Term Investments	$1.8B
Tax Assets	$11M
Other Non-Current Assets	$103M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$97M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$109M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$134M
TOTAL LIABILITIES	$2.4B
Common Stock	$35M
Additional Paid-In Capital	$121M
Retained Earnings	$214M
Treasury Stock	-$96M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$278M
Minority Interest	$0
TOTAL EQUITY	$278M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$206M
Net Debt	$155M