SFST FY 2017 Earnings Report — Southern First Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Southern First Bancshares, Inc.SFST

FY 2017 Earnings

Reported February 28, 2018

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	$71M	—	$62M	—	13.7%
Op. Income	$24M	—	$20M	—	16.2%
Gross Margin	82.5%	—	83.1%	—	-0.6pp
Net Margin	18.5%	—	21.0%	—	-2.5pp
EPS (Diluted)	$1.76	—	$1.94	—	-9.3%
Free Cash Flow	$12M	—	$12M	—	1.3%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$12M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$737.0K
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$8M
Operating Expenses	$35M
Cost & Expenses	$47M
OPERATING INCOME	$24M
Interest Income	$61M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$11M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$1M
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$12M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$737.0K
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$8M
Operating Expenses	$35M
Cost & Expenses	$47M
OPERATING INCOME	$24M
Interest Income	$61M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$11M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$1M
EBIT	$24M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$1M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	$3M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$231M
NET CASH FROM INVESTING	-$239M
Net Debt Issuance	-$48M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$291M
NET CASH FROM FINANCING	$267M
FREE CASH FLOW	$12M
Net Change in Cash	$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$68M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$111M
PP&E (Net)	$32M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.4B
Tax Assets	$4M
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$81M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$1.5B
Common Stock	$73.0K
Additional Paid-In Capital	$100M
Retained Earnings	$51M
Treasury Stock	$0
Accum. Other Comp. Income	-$456.0K
Other Equity	-$502.0K
TOTAL STOCKHOLDERS' EQUITY	$150M
Minority Interest	$0
TOTAL EQUITY	$150M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$81M
Net Debt	$38M