WNEB FY 2019 Earnings Report — Western New England Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Western New England Bancorp, Inc.WNEB

FY 2019 Earnings

Reported March 11, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$92M	—	$88M	—	4.1%
Op. Income	$17M	—	$21M	—	-18.5%
Gross Margin	70.8%	—	76.3%	—	-5.5pp
Net Margin	14.5%	—	18.6%	—	-4.1pp
EPS (Diluted)	$0.51	—	$0.57	—	-10.5%
Free Cash Flow	$14M	—	$21M	—	-33.9%

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$27M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$16M
Operating Expenses	$48M
Cost & Expenses	$75M
OPERATING INCOME	$17M
Interest Income	$82M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$2M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$27M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$16M
Operating Expenses	$48M
Cost & Expenses	$75M
OPERATING INCOME	$17M
Interest Income	$82M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$2M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$2M
Stock-Based Compensation	$2M
Deferred Income Tax	-$680.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$75M
Sales/Maturities of Investments	$108M
Other Investing Activities	-$80M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$27M
Common Stock Repurchased	-$19M
Common Dividends Paid	-$5M
Other Financing Activities	$82M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$14M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$23M
Short-Term Investments	$228M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$256M
PP&E (Net)	$24M
Goodwill	$12M
Intangible Assets	$3M
Long-Term Investments	$1.8B
Tax Assets	$9M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.2B
Account Payables	$0
Short-Term Debt	$35M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$206M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$237M
TOTAL LIABILITIES	$1.9B
Common Stock	$266.0K
Additional Paid-In Capital	$164M
Retained Earnings	$82M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	-$6M
TOTAL STOCKHOLDERS' EQUITY	$232M
Minority Interest	$0
TOTAL EQUITY	$232M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$241M
Net Debt	$217M