PCB FY 2018 Earnings Report — PCB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported March 18, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$94M	—	$79M	—	18.9%
Op. Income	$35M	—	$31M	—	10.9%
Gross Margin	79.6%	—	84.9%	—	-5.3pp
Net Margin	25.8%	—	20.7%	—	5.1pp
EPS (Diluted)	$1.66	—	$1.21	—	37.2%
Free Cash Flow	$30M	—	$20M	—	48.2%

Revenue Flow

Item	Amount
REVENUE	$94M
Cost of Revenue	$19M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$27M
Other Expenses	$13M
Operating Expenses	$40M
Cost & Expenses	$59M
OPERATING INCOME	$35M
Interest Income	$84M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$10M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$4M
EBIT	$35M
EBITDA	$39M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$94M
Cost of Revenue	$19M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$25M
SG&A Expenses	$27M
Other Expenses	$13M
Operating Expenses	$40M
Cost & Expenses	$59M
OPERATING INCOME	$35M
Interest Income	$84M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$10M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$4M
EBIT	$35M
EBITDA	$39M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$4M
Stock-Based Compensation	$648.0K
Deferred Income Tax	$641.0K
Other Non-Cash Items	-$2M
Change in Working Capital	$3M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$44M
Sales/Maturities of Investments	$25M
Other Investing Activities	-$148M
NET CASH FROM INVESTING	-$168M
Net Debt Issuance	-$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$193M
NET CASH FROM FINANCING	$226M
FREE CASH FLOW	$30M
Net Change in Cash	$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$162M
Short-Term Investments	$147M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$321M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$12M
Long-Term Investments	$1.4B
Tax Assets	$3M
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.7B
Account Payables	$13M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$30M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$1.5B
Common Stock	$174M
Additional Paid-In Capital	$3M
Retained Earnings	$38M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$210M
Minority Interest	$0
TOTAL EQUITY	$210M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$30M
Net Debt	-$132M