TBBK FY 2020 Earnings Report — The Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

The Bancorp, Inc.TBBK

FY 2020 Earnings

Reported March 15, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$295M	—	$284M	—	4.1%
Op. Income	$108M	—	$72M	—	49.4%
Gross Margin	92.5%	—	85.0%	—	7.5pp
Net Margin	27.1%	—	18.2%	—	8.9pp
EPS (Diluted)	$1.37	—	$0.90	—	52.2%
Free Cash Flow	$117M	—	$65M	—	80.3%

Revenue Flow

Item	Amount
REVENUE	$295M
Cost of Revenue	$22M
GROSS PROFIT	$273M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$120M
SG&A Expenses	$120M
Other Expenses	$45M
Operating Expenses	$165M
Cost & Expenses	$187M
OPERATING INCOME	$108M
Interest Income	$211M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$28M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	-$512.0K
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$4M
EBIT	$108M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$295M
Cost of Revenue	$22M
GROSS PROFIT	$273M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$120M
SG&A Expenses	$120M
Other Expenses	$45M
Operating Expenses	$165M
Cost & Expenses	$187M
OPERATING INCOME	$108M
Interest Income	$211M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$108M
Income Tax Expense	$28M
Net Income from Continuing Ops	$81M
Net Income from Discontinued Ops	-$512.0K
Other Adjustments	$0
NET INCOME	$80M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$80M
D&A	$4M
EBIT	$108M
EBITDA	$112M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$80M
Depreciation & Amortization	$4M
Stock-Based Compensation	$6M
Deferred Income Tax	-$1M
Other Non-Cash Items	$27M
Change in Working Capital	$5M
OPERATING CASH FLOW	$121M
Capital Expenditure	-$4M
Acquisitions (Net)	-$4M
Purchases of Investments	-$35M
Sales/Maturities of Investments	$242M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	$98M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$410M
NET CASH FROM FINANCING	$509M
FREE CASH FLOW	$117M
Net Change in Cash	-$599M

Balance Sheet

Item	Amount
Cash & Equivalents	$346M
Short-Term Investments	$1.2B
Net Receivables	$483M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$18M
Goodwill	$263.0K
Intangible Assets	$3M
Long-Term Investments	$4.1B
Tax Assets	$10M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$6.3B
Account Payables	$0
Short-Term Debt	$42.0K
Deferred Revenue	$0
Other Current Liabilities	$5.5B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$82M
TOTAL NON-CURRENT LIABILITIES	$234M
TOTAL LIABILITIES	$5.7B
Common Stock	$58M
Additional Paid-In Capital	$378M
Retained Earnings	$128M
Treasury Stock	-$866.0K
Accum. Other Comp. Income	$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$581M
Minority Interest	$0
TOTAL EQUITY	$581M
TOTAL LIABILITIES & EQUITY	$6.3B
Total Debt	$152M
Net Debt	-$193M