WSBF FY 2017 Earnings Report — Waterstone Financial, Inc. Revenue & Financial Results | Market Cap Arena

Waterstone Financial, Inc.WSBF

FY 2017 Earnings

Reported March 6, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$188M	—	$187M	—	0.7%
Op. Income	$44M	—	$42M	—	5.8%
Gross Margin	91.9%	—	89.0%	—	3.0pp
Net Margin	13.8%	—	13.6%	—	0.1pp
EPS (Diluted)	$0.93	—	$0.93	—	0.0%
Free Cash Flow	$106M	—	-$25M	—	519.6%

Revenue Flow

Item	Amount
REVENUE	$188M
Cost of Revenue	$15M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$99M
SG&A Expenses	$102M
Other Expenses	$27M
Operating Expenses	$129M
Cost & Expenses	$144M
OPERATING INCOME	$44M
Interest Income	$67M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$18M
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	$2M
EBIT	$44M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$188M
Cost of Revenue	$15M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$99M
SG&A Expenses	$102M
Other Expenses	$27M
Operating Expenses	$129M
Cost & Expenses	$144M
OPERATING INCOME	$44M
Interest Income	$67M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$18M
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	$2M
EBIT	$44M
EBITDA	$47M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$2M
Stock-Based Compensation	$4M
Deferred Income Tax	$3M
Other Non-Cash Items	$75M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$107M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$23M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$86M
NET CASH FROM INVESTING	-$95M
Net Debt Issuance	-$870.0K
Common Stock Repurchased	-$2M
Common Dividends Paid	-$27M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$106M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$200M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$251M
PP&E (Net)	$23M
Goodwill	$0
Intangible Assets	$888.0K
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$46M
Deferred Revenue	$0
Other Current Liabilities	$967M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$340M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$381M
TOTAL LIABILITIES	$1.4B
Common Stock	$295.0K
Additional Paid-In Capital	$327M
Retained Earnings	$183M
Treasury Stock	-$79M
Accum. Other Comp. Income	-$477.0K
Other Equity	-$19M
TOTAL STOCKHOLDERS' EQUITY	$412M
Minority Interest	$0
TOTAL EQUITY	$412M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$386M
Net Debt	$355M