OSBC FY 2020 Earnings Report — Old Second Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Old Second Bancorp, Inc.OSBC

FY 2020 Earnings

Reported March 8, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$140M	—	$149M	—	-6.6%
Op. Income	$37M	—	$52M	—	-27.9%
Gross Margin	83.6%	—	86.3%	—	-2.7pp
Net Margin	19.9%	—	26.4%	—	-6.5pp
EPS (Diluted)	$0.92	—	$1.30	—	-29.2%
Free Cash Flow	$22M	—	$48M	—	-54.3%

Revenue Flow

Item	Amount
REVENUE	$140M
Cost of Revenue	$23M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$298.0K
General & Administrative	$56M
SG&A Expenses	$57M
Other Expenses	$23M
Operating Expenses	$79M
Cost & Expenses	$102M
OPERATING INCOME	$37M
Interest Income	$104M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$10M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$3M
EBIT	$37M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$140M
Cost of Revenue	$23M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$298.0K
General & Administrative	$56M
SG&A Expenses	$57M
Other Expenses	$23M
Operating Expenses	$79M
Cost & Expenses	$102M
OPERATING INCOME	$37M
Interest Income	$104M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$10M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$3M
EBIT	$37M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	-$646.0K
Other Non-Cash Items	$5M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$65M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$101M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	-$64M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$1M
Other Financing Activities	$429M
NET CASH FROM FINANCING	$357M
FREE CASH FLOW	$22M
Net Change in Cash	$279M

Balance Sheet

Item	Amount
Cash & Equivalents	$330M
Short-Term Investments	$496M
Net Receivables	$138M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$964M
PP&E (Net)	$45M
Goodwill	$19M
Intangible Assets	$6M
Long-Term Investments	$1.9B
Tax Assets	$8M
Other Non-Current Assets	$123M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.0B
Account Payables	$0
Short-Term Debt	$67M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$94M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$130M
TOTAL LIABILITIES	$2.7B
Common Stock	$35M
Additional Paid-In Capital	$122M
Retained Earnings	$237M
Treasury Stock	-$101M
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$307M
Minority Interest	$0
TOTAL EQUITY	$307M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$161M
Net Debt	-$169M