WNEB FY 2020 Earnings Report — Western New England Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Western New England Bancorp, Inc.WNEB

FY 2020 Earnings

Reported March 11, 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	$92M	—	$92M	—	0.3%
Op. Income	$14M	—	$17M	—	-17.7%
Gross Margin	71.5%	—	70.8%	—	0.7pp
Net Margin	12.2%	—	14.5%	—	-2.4pp
EPS (Diluted)	$0.45	—	$0.51	—	-11.8%
Free Cash Flow	$21M	—	$14M	—	52.4%

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$26M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$30M
SG&A Expenses	$31M
Other Expenses	$20M
Operating Expenses	$52M
Cost & Expenses	$78M
OPERATING INCOME	$14M
Interest Income	$83M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$14M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$26M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$30M
SG&A Expenses	$31M
Other Expenses	$20M
Operating Expenses	$52M
Cost & Expenses	$78M
OPERATING INCOME	$14M
Interest Income	$83M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$14M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	-$2M
Other Non-Cash Items	$6M
Change in Working Capital	$6M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$159M
Sales/Maturities of Investments	$181M
Other Investing Activities	-$142M
NET CASH FROM INVESTING	-$124M
Net Debt Issuance	-$184M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$5M
Other Financing Activities	$360M
NET CASH FROM FINANCING	$161M
FREE CASH FLOW	$21M
Net Change in Cash	$63M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$202M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$295M
PP&E (Net)	$25M
Goodwill	$12M
Intangible Assets	$3M
Long-Term Investments	$1.9B
Tax Assets	$13M
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$58M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$2.1B
Common Stock	$253.0K
Additional Paid-In Capital	$155M
Retained Earnings	$88M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	-$5M
TOTAL STOCKHOLDERS' EQUITY	$227M
Minority Interest	$0
TOTAL EQUITY	$227M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$58M
Net Debt	-$27M