TFIN FY 2020 Earnings Report — Triumph Financial, Inc. Revenue & Financial Results | Market Cap Arena

Triumph Financial, Inc.TFIN

FY 2020 Earnings

Reported February 12, 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	$373M	—	$343M	—	8.8%
Op. Income	$85M	—	$75M	—	12.3%
Gross Margin	79.7%	—	81.6%	—	-1.9pp
Net Margin	17.2%	—	17.1%	—	0.1pp
EPS (Diluted)	$2.53	—	$2.25	—	12.4%
Free Cash Flow	$80M	—	$51M	—	56.0%

Revenue Flow

Item	Amount
REVENUE	$373M
Cost of Revenue	$76M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$128M
SG&A Expenses	$133M
Other Expenses	$79M
Operating Expenses	$212M
Cost & Expenses	$288M
OPERATING INCOME	$85M
Interest Income	$322M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$19M
EBIT	$85M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$373M
Cost of Revenue	$76M
GROSS PROFIT	$297M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$128M
SG&A Expenses	$133M
Other Expenses	$79M
Operating Expenses	$212M
Cost & Expenses	$288M
OPERATING INCOME	$85M
Interest Income	$322M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$85M
Income Tax Expense	$21M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$19M
EBIT	$85M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$19M
Stock-Based Compensation	$5M
Deferred Income Tax	-$2M
Other Non-Cash Items	-$12M
Change in Working Capital	$23M
OPERATING CASH FLOW	$97M
Capital Expenditure	-$18M
Acquisitions (Net)	-$15M
Purchases of Investments	-$134M
Sales/Maturities of Investments	$168M
Other Investing Activities	-$776M
NET CASH FROM INVESTING	-$775M
Net Debt Issuance	-$133M
Common Stock Repurchased	-$36M
Common Dividends Paid	$0
Other Financing Activities	$922M
NET CASH FROM FINANCING	$794M
FREE CASH FLOW	$80M
Net Change in Cash	$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$314M
Short-Term Investments	$224M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$539M
PP&E (Net)	$103M
Goodwill	$163M
Intangible Assets	$27M
Long-Term Investments	$4.9B
Tax Assets	$6M
Other Non-Current Assets	$160M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$5.9B
Account Payables	$0
Short-Term Debt	$3M
Deferred Revenue	$0
Other Current Liabilities	$4.7B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$424M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$489M
TOTAL LIABILITIES	$5.2B
Common Stock	$280.0K
Additional Paid-In Capital	$489M
Retained Earnings	$290M
Treasury Stock	-$103M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$727M
Minority Interest	$0
TOTAL EQUITY	$727M
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$428M
Net Debt	$113M