TBBK FY 2021 Earnings Report — The Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

The Bancorp, Inc.TBBK

FY 2021 Earnings

Reported March 1, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$327M	—	$295M	—	10.7%
Op. Income	$144M	—	$108M	—	33.1%
Gross Margin	95.6%	—	92.5%	—	3.1pp
Net Margin	33.9%	—	27.1%	—	6.7pp
EPS (Diluted)	$1.88	—	$1.37	—	37.2%
Free Cash Flow	$82M	—	$117M	—	-29.6%

Revenue Flow

Item	Amount
REVENUE	$327M
Cost of Revenue	$14M
GROSS PROFIT	$313M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$120M
SG&A Expenses	$120M
Other Expenses	$48M
Operating Expenses	$168M
Cost & Expenses	$183M
OPERATING INCOME	$144M
Interest Income	$222M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$144M
Income Tax Expense	$34M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$212.0K
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$3M
EBIT	$144M
EBITDA	$147M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$327M
Cost of Revenue	$14M
GROSS PROFIT	$313M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$120M
SG&A Expenses	$120M
Other Expenses	$48M
Operating Expenses	$168M
Cost & Expenses	$183M
OPERATING INCOME	$144M
Interest Income	$222M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$144M
Income Tax Expense	$34M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$212.0K
Other Adjustments	$0
NET INCOME	$111M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$111M
D&A	$3M
EBIT	$144M
EBITDA	$147M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$111M
Depreciation & Amortization	$3M
Stock-Based Compensation	$9M
Deferred Income Tax	$1M
Other Non-Cash Items	-$7M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$259M
Sales/Maturities of Investments	$500M
Other Investing Activities	-$545M
NET CASH FROM INVESTING	-$306M
Net Debt Issuance	$0
Common Stock Repurchased	-$40M
Common Dividends Paid	$0
Other Financing Activities	$515M
NET CASH FROM FINANCING	$478M
FREE CASH FLOW	$82M
Net Change in Cash	$256M

Balance Sheet

Item	Amount
Cash & Equivalents	$602M
Short-Term Investments	$954M
Net Receivables	$549M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$16M
Goodwill	$263.0K
Intangible Assets	$2M
Long-Term Investments	$4.6B
Tax Assets	$13M
Other Non-Current Assets	$118M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$6.8B
Account Payables	$0
Short-Term Debt	$42.0K
Deferred Revenue	$0
Other Current Liabilities	$6.0B
TOTAL CURRENT LIABILITIES	$6.0B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$214M
TOTAL LIABILITIES	$6.2B
Common Stock	$57M
Additional Paid-In Capital	$350M
Retained Earnings	$239M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$652M
Minority Interest	$0
TOTAL EQUITY	$652M
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$152M
Net Debt	-$450M