PROV FY 2017 Earnings Report — Provident Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Provident Financial Holdings, Inc.PROV

FY 2017 Earnings

Reported September 1, 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	$73M	—	$76M	—	-4.1%
Op. Income	$9M	—	$13M	—	-31.4%
Gross Margin	92.3%	—	93.1%	—	-0.8pp
Net Margin	7.1%	—	9.8%	—	-2.7pp
EPS (Diluted)	$0.64	—	$0.90	—	-28.9%
Free Cash Flow	$81M	—	$46M	—	76.2%

Revenue Flow

Item	Amount
REVENUE	$73M
Cost of Revenue	$6M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$15M
Operating Expenses	$59M
Cost & Expenses	$64M
OPERATING INCOME	$9M
Interest Income	$42M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$4M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$3M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$73M
Cost of Revenue	$6M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$15M
Operating Expenses	$59M
Cost & Expenses	$64M
OPERATING INCOME	$9M
Interest Income	$42M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$4M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$3M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$1M
Other Non-Cash Items	$72M
Change in Working Capital	$2M
OPERATING CASH FLOW	$83M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$35M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$64M
NET CASH FROM INVESTING	-$85M
Net Debt Issuance	$35M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$4M
Other Financing Activities	$600.0K
NET CASH FROM FINANCING	$23M
FREE CASH FLOW	$81M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$9M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$102M
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$739.0K
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$927M
TOTAL CURRENT LIABILITIES	$946M
Long-Term Debt	$126M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$126M
TOTAL LIABILITIES	$1.1B
Common Stock	$180.0K
Additional Paid-In Capital	$93M
Retained Earnings	$193M
Treasury Stock	-$158M
Accum. Other Comp. Income	$229.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$128M
Minority Interest	$0
TOTAL EQUITY	$128M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$126M
Net Debt	$53M