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

Qfin Holdings, Inc.QFIN

FY 2019 Earnings

Reported April 30, 2020

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	$1.0B	—	$544M	—	92.6%
Op. Income	$434M	—	$243M	—	78.8%
Gross Margin	87.1%	—	93.2%	—	-6.1pp
Net Margin	34.9%	—	32.0%	—	2.8pp
EPS (Diluted)	$2.43	—	$-2.85	—	185.0%
Free Cash Flow	$431M	—	$40M	—	965.8%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$135M
GROSS PROFIT	$913M
R&D Expenses	$0
Selling & Marketing	$417M
General & Administrative	$63M
SG&A Expenses	$479M
Other Expenses	$0
Operating Expenses	$479M
Cost & Expenses	$614M
OPERATING INCOME	$434M
Interest Income	$191M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$434M
Income Tax Expense	$68M
Net Income from Continuing Ops	$365M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$366M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$366M
D&A	$1M
EBIT	$434M
EBITDA	$435M
EPS	$3
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$135M
GROSS PROFIT	$913M
R&D Expenses	$0
Selling & Marketing	$417M
General & Administrative	$63M
SG&A Expenses	$479M
Other Expenses	$0
Operating Expenses	$479M
Cost & Expenses	$614M
OPERATING INCOME	$434M
Interest Income	$191M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$434M
Income Tax Expense	$68M
Net Income from Continuing Ops	$365M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$366M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$366M
D&A	$1M
EBIT	$434M
EBITDA	$435M
EPS	$3
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$365M
Depreciation & Amortization	$1M
Stock-Based Compensation	$37M
Deferred Income Tax	$13M
Other Non-Cash Items	$116M
Change in Working Capital	-$98M
OPERATING CASH FLOW	$434M
Capital Expenditure	-$4M
Acquisitions (Net)	-$49M
Purchases of Investments	-$3.8B
Sales/Maturities of Investments	$2.6B
Other Investing Activities	$49M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$29M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$431M
Net Change in Cash	$266M

Balance Sheet

Item	Amount
Cash & Equivalents	$308M
Short-Term Investments	$0
Net Receivables	$726M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$513.2K
Long-Term Investments	$1.3B
Tax Assets	$102M
Other Non-Current Assets	$356M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.0B
Account Payables	$0
Short-Term Debt	$29M
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$78M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1.8B
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$1.9B
Common Stock	$2.9K
Additional Paid-In Capital	$748M
Retained Earnings	$303M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$188.2K
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$32M
Net Debt	-$276M