RRBI FY 2017 Earnings Report — Red River Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Red River Bancshares, Inc.RRBI

FY 2017 Earnings

Reported December 30, 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	$70M	—	$68M	—	2.7%
Op. Income	$23M	—	$31M	—	-28.1%
Gross Margin	88.4%	—	100.0%	—	-11.6pp
Net Margin	20.0%	—	22.1%	—	-2.2pp
EPS (Diluted)	$1.94	—	$2.07	—	-6.3%
Free Cash Flow	$17M	—	$19M	—	-11.5%

Revenue Flow

Item	Amount
REVENUE	$70M
Cost of Revenue	$8M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$760.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$15M
Operating Expenses	$39M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$58M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$70M
Cost of Revenue	$8M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$760.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$15M
Operating Expenses	$39M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$58M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$23M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$180.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$168M
Sales/Maturities of Investments	$127M
Other Investing Activities	-$101M
NET CASH FROM INVESTING	-$146M
Net Debt Issuance	-$233.0K
Common Stock Repurchased	-$27.0K
Common Dividends Paid	$0
Other Financing Activities	$53M
NET CASH FROM FINANCING	$65M
FREE CASH FLOW	$17M
Net Change in Cash	-$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$345M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$410M
PP&E (Net)	$36M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$30M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$1.5B
Common Stock	$46M
Additional Paid-In Capital	$0
Retained Earnings	$138M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$178M
Minority Interest	$0
TOTAL EQUITY	$178M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$12M
Net Debt	-$48M