PROV FY 2019 Earnings Report — Provident Financial Holdings, Inc. Revenue & Financial Results | Market Cap Arena

Provident Financial Holdings, Inc.PROV

FY 2019 Earnings

Reported August 30, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$57M	—	$65M	—	-11.9%
Op. Income	$6M	—	$6M	—	7.1%
Gross Margin	89.9%	—	90.9%	—	-1.0pp
Net Margin	7.8%	—	3.3%	—	4.5pp
EPS (Diluted)	$0.58	—	$0.28	—	107.1%
Free Cash Flow	$107M	—	$25M	—	325.3%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$6M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$980.0K
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$14M
Operating Expenses	$45M
Cost & Expenses	$51M
OPERATING INCOME	$6M
Interest Income	$44M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$3M
EBIT	$6M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$6M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$980.0K
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$14M
Operating Expenses	$45M
Cost & Expenses	$51M
OPERATING INCOME	$6M
Interest Income	$44M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$3M
EBIT	$6M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$3M
Stock-Based Compensation	$869.0K
Deferred Income Tax	$650.0K
Other Non-Cash Items	$95M
Change in Working Capital	$3M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$449.0K
Acquisitions (Net)	$0
Purchases of Investments	-$41M
Sales/Maturities of Investments	$35M
Other Investing Activities	$23M
NET CASH FROM INVESTING	$17M
Net Debt Issuance	-$25M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$4M
Other Financing Activities	-$66M
NET CASH FROM FINANCING	-$97M
FREE CASH FLOW	$107M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$6M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$94M
PP&E (Net)	$8M
Goodwill	$0
Intangible Assets	$627.0K
Long-Term Investments	$974M
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$990M
TOTAL ASSETS	$1.1B
Account Payables	$22M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$841M
TOTAL CURRENT LIABILITIES	$863M
Long-Term Debt	$101M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$101M
TOTAL LIABILITIES	$964M
Common Stock	$181.0K
Additional Paid-In Capital	$94M
Retained Earnings	$191M
Treasury Stock	-$165M
Accum. Other Comp. Income	$161.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$121M
Minority Interest	$0
TOTAL EQUITY	$121M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$101M
Net Debt	$30M