STEL FY 2017 Earnings Report — Stellar Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stellar Bancorp, Inc.STEL

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	$129M	—	$124M	—	4.5%
Op. Income	$44M	—	$39M	—	12.3%
Gross Margin	93.4%	—	89.5%	—	3.9pp
Net Margin	21.3%	—	22.0%	—	-0.7pp
EPS (Diluted)	$1.22	—	$1.22	—	0.0%
Free Cash Flow	$36M	—	$36M	—	-1.3%

Revenue Flow

Item	Amount
REVENUE	$129M
Cost of Revenue	$9M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$57M
SG&A Expenses	$58M
Other Expenses	$18M
Operating Expenses	$77M
Cost & Expenses	$85M
OPERATING INCOME	$44M
Interest Income	$117M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$16M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$4M
EBIT	$44M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$129M
Cost of Revenue	$9M
GROSS PROFIT	$121M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$57M
SG&A Expenses	$58M
Other Expenses	$18M
Operating Expenses	$77M
Cost & Expenses	$85M
OPERATING INCOME	$44M
Interest Income	$117M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$16M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$4M
EBIT	$44M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$4M
Stock-Based Compensation	$329.0K
Deferred Income Tax	$3M
Other Non-Cash Items	-$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$992.0K
Acquisitions (Net)	$0
Purchases of Investments	-$356M
Sales/Maturities of Investments	$338M
Other Investing Activities	-$167M
NET CASH FROM INVESTING	-$185M
Net Debt Issuance	-$28M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$54M
NET CASH FROM FINANCING	$94M
FREE CASH FLOW	$36M
Net Change in Cash	-$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$326M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$327M
PP&E (Net)	$54M
Goodwill	$81M
Intangible Assets	$7M
Long-Term Investments	$2.5B
Tax Assets	$6M
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.1B
Account Payables	$0
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$7M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$30M
TOTAL LIABILITIES	$2.6B
Common Stock	$257.0K
Additional Paid-In Capital	$343M
Retained Earnings	$118M
Treasury Stock	-$15M
Accum. Other Comp. Income	-$389.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$446M
Minority Interest	$0
TOTAL EQUITY	$446M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$8M
Net Debt	-$319M