RBCAA FY 2021 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2021 Earnings

Reported March 1, 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	$310M	—	$335M	—	-7.5%
Op. Income	$111M	—	$103M	—	8.6%
Gross Margin	93.4%	—	84.7%	—	8.7pp
Net Margin	28.3%	—	24.8%	—	3.4pp
EPS (Diluted)	$4.26	—	$3.99	—	6.8%
Free Cash Flow	$94M	—	$72M	—	31.5%

Revenue Flow

Item	Amount
REVENUE	$310M
Cost of Revenue	$20M
GROSS PROFIT	$290M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$112M
SG&A Expenses	$116M
Other Expenses	$62M
Operating Expenses	$178M
Cost & Expenses	$199M
OPERATING INCOME	$111M
Interest Income	$228M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	$24M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$18M
EBIT	$111M
EBITDA	$130M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$310M
Cost of Revenue	$20M
GROSS PROFIT	$290M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$112M
SG&A Expenses	$116M
Other Expenses	$62M
Operating Expenses	$178M
Cost & Expenses	$199M
OPERATING INCOME	$111M
Interest Income	$228M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	$24M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$88M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$18M
EBIT	$111M
EBITDA	$130M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$88M
Depreciation & Amortization	$18M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$100M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$212M
Sales/Maturities of Investments	$240M
Other Investing Activities	$284M
NET CASH FROM INVESTING	$307M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$48M
Common Dividends Paid	-$25M
Other Financing Activities	$187M
NET CASH FROM FINANCING	-$135M
FREE CASH FLOW	$94M
Net Change in Cash	$271M

Balance Sheet

Item	Amount
Cash & Equivalents	$757M
Short-Term Investments	$495M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$75M
Goodwill	$16M
Intangible Assets	$0
Long-Term Investments	$4.6B
Tax Assets	$0
Other Non-Current Assets	$169M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$6.1B
Account Payables	$0
Short-Term Debt	$291M
Deferred Revenue	$0
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$25M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$64M
TOTAL NON-CURRENT LIABILITIES	$128M
TOTAL LIABILITIES	$5.3B
Common Stock	$5M
Additional Paid-In Capital	$140M
Retained Earnings	$688M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$834M
Minority Interest	$0
TOTAL EQUITY	$834M
TOTAL LIABILITIES & EQUITY	$6.1B
Total Debt	$356M
Net Debt	-$401M