TBBK FY 2018 Earnings Report — The Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

The Bancorp, Inc.TBBK

FY 2018 Earnings

Reported March 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$302M	—	$217M	—	39.1%
Op. Income	$120M	—	$40M	—	196.5%
Gross Margin	89.8%	—	91.6%	—	-1.8pp
Net Margin	29.4%	—	10.0%	—	19.4pp
EPS (Diluted)	$1.55	—	$0.39	—	297.4%
Free Cash Flow	-$176M	—	-$29M	—	-516.4%

Revenue Flow

Item	Amount
REVENUE	$302M
Cost of Revenue	$31M
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$97M
SG&A Expenses	$97M
Other Expenses	$54M
Operating Expenses	$151M
Cost & Expenses	$182M
OPERATING INCOME	$120M
Interest Income	$148M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$32M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$120M
EBITDA	$125M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$302M
Cost of Revenue	$31M
GROSS PROFIT	$271M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$97M
SG&A Expenses	$97M
Other Expenses	$54M
Operating Expenses	$151M
Cost & Expenses	$182M
OPERATING INCOME	$120M
Interest Income	$148M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$32M
Net Income from Continuing Ops	$88M
Net Income from Discontinued Ops	$1M
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$120M
EBITDA	$125M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	$16M
Other Non-Cash Items	-$286M
Change in Working Capital	-$1M
OPERATING CASH FLOW	-$174M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$135M
Sales/Maturities of Investments	$213M
Other Investing Activities	$8M
NET CASH FROM INVESTING	$85M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$265M
NET CASH FROM FINANCING	-$265M
FREE CASH FLOW	-$176M
Net Change in Cash	-$355M

Balance Sheet

Item	Amount
Cash & Equivalents	$554M
Short-Term Investments	$1.2B
Net Receivables	$410M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$2.1B
Tax Assets	$22M
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$4.5B
Account Payables	$0
Short-Term Debt	$93.0K
Deferred Revenue	$0
Other Current Liabilities	$3.9B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$95M
TOTAL LIABILITIES	$4.0B
Common Stock	$56M
Additional Paid-In Capital	$366M
Retained Earnings	-$817.0K
Treasury Stock	-$866.0K
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$407M
Minority Interest	$0
TOTAL EQUITY	$407M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$55M
Net Debt	-$499M