WSBF FY 2016 Earnings Report — Waterstone Financial, Inc. Revenue & Financial Results | Market Cap Arena

Waterstone Financial, Inc.WSBF

FY 2016 Earnings

Reported March 3, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$187M	—	$166M	—	12.5%
Op. Income	$42M	—	$26M	—	62.6%
Gross Margin	89.0%	—	84.9%	—	4.0pp
Net Margin	13.6%	—	10.0%	—	3.7pp
EPS (Diluted)	$0.93	—	$0.56	—	66.1%
Free Cash Flow	-$25M	—	-$16M	—	-57.6%

Revenue Flow

Item	Amount
REVENUE	$187M
Cost of Revenue	$21M
GROSS PROFIT	$167M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$97M
SG&A Expenses	$99M
Other Expenses	$25M
Operating Expenses	$125M
Cost & Expenses	$145M
OPERATING INCOME	$42M
Interest Income	$64M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$16M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$3M
EBIT	$42M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$187M
Cost of Revenue	$21M
GROSS PROFIT	$167M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$97M
SG&A Expenses	$99M
Other Expenses	$25M
Operating Expenses	$125M
Cost & Expenses	$145M
OPERATING INCOME	$42M
Interest Income	$64M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$16M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$3M
EBIT	$42M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$3M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	-$60M
Change in Working Capital	$3M
OPERATING CASH FLOW	-$24M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$15M
Sales/Maturities of Investments	$15M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$25M
Net Debt Issuance	-$54M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$7M
Other Financing Activities	$61M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	-$25M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$227M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$272M
PP&E (Net)	$24M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$157M
Deferred Revenue	$0
Other Current Liabilities	$949M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$230M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$273M
TOTAL LIABILITIES	$1.4B
Common Stock	$294.0K
Additional Paid-In Capital	$323M
Retained Earnings	$185M
Treasury Stock	-$77M
Accum. Other Comp. Income	-$378.0K
Other Equity	-$20M
TOTAL STOCKHOLDERS' EQUITY	$411M
Minority Interest	$0
TOTAL EQUITY	$411M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$387M
Net Debt	$367M