WSBF FY 2019 Earnings Report — Waterstone Financial, Inc. Revenue & Financial Results | Market Cap Arena

Waterstone Financial, Inc.WSBF

FY 2019 Earnings

Reported March 13, 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	$207M	—	$189M	—	9.9%
Op. Income	$48M	—	$40M	—	18.1%
Gross Margin	87.1%	—	90.2%	—	-3.1pp
Net Margin	17.3%	—	16.3%	—	1.0pp
EPS (Diluted)	$1.37	—	$1.11	—	23.4%
Free Cash Flow	-$43M	—	$38M	—	-215.4%

Revenue Flow

Item	Amount
REVENUE	$207M
Cost of Revenue	$27M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$103M
SG&A Expenses	$107M
Other Expenses	$26M
Operating Expenses	$133M
Cost & Expenses	$160M
OPERATING INCOME	$48M
Interest Income	$80M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$12M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$5M
EBIT	$48M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$207M
Cost of Revenue	$27M
GROSS PROFIT	$181M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$103M
SG&A Expenses	$107M
Other Expenses	$26M
Operating Expenses	$133M
Cost & Expenses	$160M
OPERATING INCOME	$48M
Interest Income	$80M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$12M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$5M
EBIT	$48M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$5M
Stock-Based Compensation	$1M
Deferred Income Tax	$639.0K
Other Non-Cash Items	-$80M
Change in Working Capital	-$2M
OPERATING CASH FLOW	-$40M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$8M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$1M
Net Debt Issuance	$49M
Common Stock Repurchased	-$23M
Common Dividends Paid	-$26M
Other Financing Activities	$30M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	-$43M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$178M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$271M
PP&E (Net)	$25M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.0B
Account Payables	$0
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$470M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$51M
TOTAL NON-CURRENT LIABILITIES	$521M
TOTAL LIABILITIES	$1.6B
Common Stock	$271.0K
Additional Paid-In Capital	$212M
Retained Earnings	$197M
Treasury Stock	$0
Accum. Other Comp. Income	$642.0K
Other Equity	-$17M
TOTAL STOCKHOLDERS' EQUITY	$394M
Minority Interest	$0
TOTAL EQUITY	$394M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$484M
Net Debt	$422M