OSBC FY 2021 Earnings Report — Old Second Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Old Second Bancorp, Inc.OSBC

FY 2021 Earnings

Reported March 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$142M	—	$140M	—	1.7%
Op. Income	$28M	—	$37M	—	-25.5%
Gross Margin	91.0%	—	83.6%	—	7.4pp
Net Margin	14.1%	—	19.9%	—	-5.8pp
EPS (Diluted)	$0.65	—	$0.92	—	-29.3%
Free Cash Flow	$29M	—	$22M	—	31.5%

Revenue Flow

Item	Amount
REVENUE	$142M
Cost of Revenue	$13M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$343.0K
General & Administrative	$60M
SG&A Expenses	$60M
Other Expenses	$41M
Operating Expenses	$101M
Cost & Expenses	$114M
OPERATING INCOME	$28M
Interest Income	$105M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$8M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$28M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$142M
Cost of Revenue	$13M
GROSS PROFIT	$129M
R&D Expenses	$0
Selling & Marketing	$343.0K
General & Administrative	$60M
SG&A Expenses	$60M
Other Expenses	$41M
Operating Expenses	$101M
Cost & Expenses	$114M
OPERATING INCOME	$28M
Interest Income	$105M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$8M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$28M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	$6M
Other Non-Cash Items	$14M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$2M
Acquisitions (Net)	$149M
Purchases of Investments	-$886M
Sales/Maturities of Investments	$745M
Other Investing Activities	$127M
NET CASH FROM INVESTING	$133M
Net Debt Issuance	$55M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$5M
Other Financing Activities	$218M
NET CASH FROM FINANCING	$258M
FREE CASH FLOW	$29M
Net Change in Cash	$422M

Balance Sheet

Item	Amount
Cash & Equivalents	$752M
Short-Term Investments	$1.7B
Net Receivables	$173M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$88M
Goodwill	$86M
Intangible Assets	$23M
Long-Term Investments	$3.2B
Tax Assets	$6M
Other Non-Current Assets	$181M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$6.2B
Account Payables	$0
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$5.5B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$149M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$194M
TOTAL LIABILITIES	$5.7B
Common Stock	$45M
Additional Paid-In Capital	$202M
Retained Earnings	$252M
Treasury Stock	-$6M
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$502M
Minority Interest	$0
TOTAL EQUITY	$502M
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$199M
Net Debt	-$553M