PCB FY 2017 Earnings Report — PCB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported December 31, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$79M	—	$66M	—	20.2%
Op. Income	$31M	—	$24M	—	28.4%
Gross Margin	84.9%	—	85.9%	—	-0.9pp
Net Margin	20.7%	—	21.3%	—	-0.5pp
EPS (Diluted)	$1.21	—	$1.11	—	9.0%
Free Cash Flow	$20M	—	$38M	—	-47.9%

Revenue Flow

Item	Amount
REVENUE	$79M
Cost of Revenue	$12M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$11M
Operating Expenses	$36M
Cost & Expenses	$48M
OPERATING INCOME	$31M
Interest Income	$65M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$31M
Income Tax Expense	$15M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$3M
EBIT	$31M
EBITDA	$35M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$79M
Cost of Revenue	$12M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$11M
Operating Expenses	$36M
Cost & Expenses	$48M
OPERATING INCOME	$31M
Interest Income	$65M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$31M
Income Tax Expense	$15M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$3M
EBIT	$31M
EBITDA	$35M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$3M
Stock-Based Compensation	$699.0K
Deferred Income Tax	$2M
Other Non-Cash Items	-$2M
Change in Working Capital	$557.0K
OPERATING CASH FLOW	$21M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$73M
Sales/Maturities of Investments	$21M
Other Investing Activities	-$162M
NET CASH FROM INVESTING	-$216M
Net Debt Issuance	$40M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$160M
NET CASH FROM FINANCING	$198M
FREE CASH FLOW	$20M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$130M
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$214M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$9M
Long-Term Investments	$1.2B
Tax Assets	$4M
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.4B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$40M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$40M
TOTAL LIABILITIES	$1.3B
Common Stock	$125M
Additional Paid-In Capital	$3M
Retained Earnings	$15M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$142M
Minority Interest	$0
TOTAL EQUITY	$142M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$40M
Net Debt	-$34M