QCRH FY 2021 Earnings Report — QCR Holdings, Inc. Revenue & Financial Results | Market Cap Arena

QCR Holdings, Inc.QCRH

FY 2021 Earnings

Reported March 11, 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	$294M	—	$307M	—	-4.2%
Op. Income	$121M	—	$73M	—	65.7%
Gross Margin	91.4%	—	71.6%	—	19.8pp
Net Margin	33.7%	—	19.8%	—	13.9pp
EPS (Diluted)	$6.20	—	$3.80	—	63.2%
Free Cash Flow	$74M	—	$108M	—	-31.2%

Revenue Flow

Item	Amount
REVENUE	$294M
Cost of Revenue	$25M
GROSS PROFIT	$268M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$105M
SG&A Expenses	$110M
Other Expenses	$37M
Operating Expenses	$147M
Cost & Expenses	$172M
OPERATING INCOME	$121M
Interest Income	$200M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$121M
Income Tax Expense	$23M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$7M
EBIT	$121M
EBITDA	$129M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$294M
Cost of Revenue	$25M
GROSS PROFIT	$268M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$105M
SG&A Expenses	$110M
Other Expenses	$37M
Operating Expenses	$147M
Cost & Expenses	$172M
OPERATING INCOME	$121M
Interest Income	$200M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$121M
Income Tax Expense	$23M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$7M
EBIT	$121M
EBITDA	$129M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$15M
Other Non-Cash Items	$9M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$14M
Acquisitions (Net)	$0
Purchases of Investments	-$173M
Sales/Maturities of Investments	$196M
Other Investing Activities	-$420M
NET CASH FROM INVESTING	-$412M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$4M
Other Financing Activities	$324M
NET CASH FROM FINANCING	$300M
FREE CASH FLOW	$74M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$338M
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$494M
PP&E (Net)	$79M
Goodwill	$74M
Intangible Assets	$9M
Long-Term Investments	$5.3B
Tax Assets	$0
Other Non-Current Assets	$188M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$6.1B
Account Payables	$0
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$4.9B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$167M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$326M
TOTAL NON-CURRENT LIABILITIES	$493M
TOTAL LIABILITIES	$5.4B
Common Stock	$16M
Additional Paid-In Capital	$274M
Retained Earnings	$386M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$677M
Minority Interest	$0
TOTAL EQUITY	$677M
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$171M
Net Debt	$58M