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

Timberland Bancorp, Inc.TSBK

FY 2021 Earnings

Reported December 8, 2021

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	$69M	—	$70M	—	-1.7%
Op. Income	$34M	—	$30M	—	13.6%
Gross Margin	95.6%	—	87.6%	—	8.0pp
Net Margin	40.2%	—	34.8%	—	5.4pp
EPS (Diluted)	$3.27	—	$2.88	—	13.5%
Free Cash Flow	$29M	—	$32M	—	-9.8%

Revenue Flow

Item	Amount
REVENUE	$69M
Cost of Revenue	$3M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$625.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$11M
Operating Expenses	$31M
Cost & Expenses	$34M
OPERATING INCOME	$34M
Interest Income	$55M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$7M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$3M
EBIT	$34M
EBITDA	$37M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$69M
Cost of Revenue	$3M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$625.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$11M
Operating Expenses	$31M
Cost & Expenses	$34M
OPERATING INCOME	$34M
Interest Income	$55M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$7M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$3M
EBIT	$34M
EBITDA	$37M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$3M
Stock-Based Compensation	$173.0K
Deferred Income Tax	$275.0K
Other Non-Cash Items	$273.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$895.0K
Acquisitions (Net)	$0
Purchases of Investments	-$72M
Sales/Maturities of Investments	$25M
Other Investing Activities	$85M
NET CASH FROM INVESTING	$37M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$527.0K
Common Dividends Paid	-$9M
Other Financing Activities	$213M
NET CASH FROM FINANCING	$199M
FREE CASH FLOW	$29M
Net Change in Cash	$266M

Balance Sheet

Item	Amount
Cash & Equivalents	$609M
Short-Term Investments	$63M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$676M
PP&E (Net)	$25M
Goodwill	$15M
Intangible Assets	$5M
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.8B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$10M
TOTAL LIABILITIES	$1.6B
Common Stock	$43M
Additional Paid-In Capital	$0
Retained Earnings	$164M
Treasury Stock	$0
Accum. Other Comp. Income	$59.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$207M
Minority Interest	$0
TOTAL EQUITY	$207M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$7M
Net Debt	-$601M