TFIN FY 2018 Earnings Report — Triumph Financial, Inc. Revenue & Financial Results | Market Cap Arena

Triumph Financial, Inc.TFIN

FY 2018 Earnings

Reported February 12, 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	$285M	—	$197M	—	44.6%
Op. Income	$67M	—	$61M	—	8.8%
Gross Margin	81.7%	—	83.2%	—	-1.5pp
Net Margin	18.2%	—	18.4%	—	-0.2pp
EPS (Diluted)	$2.03	—	$1.81	—	12.2%
Free Cash Flow	$55M	—	$39M	—	40.0%

Revenue Flow

Item	Amount
REVENUE	$285M
Cost of Revenue	$52M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$110M
SG&A Expenses	$115M
Other Expenses	$52M
Operating Expenses	$166M
Cost & Expenses	$218M
OPERATING INCOME	$67M
Interest Income	$263M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$15M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$13M
EBIT	$67M
EBITDA	$79M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$285M
Cost of Revenue	$52M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$110M
SG&A Expenses	$115M
Other Expenses	$52M
Operating Expenses	$166M
Cost & Expenses	$218M
OPERATING INCOME	$67M
Interest Income	$263M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$15M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$13M
EBIT	$67M
EBITDA	$79M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$13M
Stock-Based Compensation	$3M
Deferred Income Tax	$708.0K
Other Non-Cash Items	$8M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$19M
Acquisitions (Net)	-$68M
Purchases of Investments	-$20M
Sales/Maturities of Investments	$203M
Other Investing Activities	-$364M
NET CASH FROM INVESTING	-$268M
Net Debt Issuance	-$36M
Common Stock Repurchased	-$398.0K
Common Dividends Paid	$0
Other Financing Activities	$140M
NET CASH FROM FINANCING	$295M
FREE CASH FLOW	$55M
Net Change in Cash	$101M

Balance Sheet

Item	Amount
Cash & Equivalents	$235M
Short-Term Investments	$336M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$571M
PP&E (Net)	$83M
Goodwill	$159M
Intangible Assets	$41M
Long-Term Investments	$3.6B
Tax Assets	$8M
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.6B
Account Payables	$0
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$3.5B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$418M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$468M
TOTAL LIABILITIES	$3.9B
Common Stock	$271.0K
Additional Paid-In Capital	$469M
Retained Earnings	$170M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$637M
Minority Interest	$0
TOTAL EQUITY	$637M
TOTAL LIABILITIES & EQUITY	$4.6B
Total Debt	$422M
Net Debt	$188M