STEL FY 2016 Earnings Report — Stellar Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stellar Bancorp, Inc.STEL

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$124M	—	$118M	—	5.2%
Op. Income	$39M	—	$35M	—	12.3%
Gross Margin	89.5%	—	87.6%	—	1.9pp
Net Margin	22.0%	—	20.5%	—	1.5pp
EPS (Diluted)	$1.22	—	$1.08	—	13.0%
Free Cash Flow	$36M	—	$30M	—	20.0%

Revenue Flow

Item	Amount
REVENUE	$124M
Cost of Revenue	$13M
GROSS PROFIT	$111M
R&D Expenses	$0
Selling & Marketing	$789.0K
General & Administrative	$52M
SG&A Expenses	$53M
Other Expenses	$18M
Operating Expenses	$71M
Cost & Expenses	$84M
OPERATING INCOME	$39M
Interest Income	$110M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$12M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$4M
EBIT	$39M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$124M
Cost of Revenue	$13M
GROSS PROFIT	$111M
R&D Expenses	$0
Selling & Marketing	$789.0K
General & Administrative	$52M
SG&A Expenses	$53M
Other Expenses	$18M
Operating Expenses	$71M
Cost & Expenses	$84M
OPERATING INCOME	$39M
Interest Income	$110M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$39M
Income Tax Expense	$12M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$4M
EBIT	$39M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$4M
Stock-Based Compensation	$43.0K
Deferred Income Tax	$601.0K
Other Non-Cash Items	$3M
Change in Working Capital	$1M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$406M
Sales/Maturities of Investments	$341M
Other Investing Activities	-$65M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$4M
Other Financing Activities	$62M
NET CASH FROM FINANCING	$43M
FREE CASH FLOW	$36M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$383M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$383M
PP&E (Net)	$58M
Goodwill	$81M
Intangible Assets	$8M
Long-Term Investments	$2.3B
Tax Assets	$9M
Other Non-Current Assets	$65M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.0B
Account Payables	$0
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$34M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$2.6B
Common Stock	$230.0K
Additional Paid-In Capital	$279M
Retained Earnings	$95M
Treasury Stock	-$15M
Accum. Other Comp. Income	-$922.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$358M
Minority Interest	$0
TOTAL EQUITY	$358M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$37M
Net Debt	-$346M