WSBF FY 2021 Earnings Report — Waterstone Financial, Inc. Revenue & Financial Results | Market Cap Arena

Waterstone Financial, Inc.WSBF

FY 2021 Earnings

Reported February 28, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$268M	—	$318M	—	-15.5%
Op. Income	$92M	—	$108M	—	-14.8%
Gross Margin	96.1%	—	90.1%	—	6.0pp
Net Margin	26.4%	—	25.5%	—	0.8pp
EPS (Diluted)	$2.96	—	$3.30	—	-10.3%
Free Cash Flow	$141M	—	-$95M	—	249.0%

Revenue Flow

Item	Amount
REVENUE	$268M
Cost of Revenue	$10M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$135M
SG&A Expenses	$139M
Other Expenses	$27M
Operating Expenses	$166M
Cost & Expenses	$176M
OPERATING INCOME	$92M
Interest Income	$70M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$21M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$6M
EBIT	$92M
EBITDA	$98M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$268M
Cost of Revenue	$10M
GROSS PROFIT	$258M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$135M
SG&A Expenses	$139M
Other Expenses	$27M
Operating Expenses	$166M
Cost & Expenses	$176M
OPERATING INCOME	$92M
Interest Income	$70M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$21M
Net Income from Continuing Ops	$71M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$71M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$71M
D&A	$6M
EBIT	$92M
EBITDA	$98M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$71M
Depreciation & Amortization	$6M
Stock-Based Compensation	$745.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$71M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$142M
Capital Expenditure	-$778.0K
Acquisitions (Net)	$0
Purchases of Investments	-$74M
Sales/Maturities of Investments	$50M
Other Investing Activities	$185M
NET CASH FROM INVESTING	$160M
Net Debt Issuance	-$31M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$30M
Other Financing Activities	$51M
NET CASH FROM FINANCING	-$20M
FREE CASH FLOW	$141M
Net Change in Cash	$282M

Balance Sheet

Item	Amount
Cash & Equivalents	$363M
Short-Term Investments	$179M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$587M
PP&E (Net)	$22M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.2B
Account Payables	$0
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$470M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$543M
TOTAL LIABILITIES	$1.8B
Common Stock	$248.0K
Additional Paid-In Capital	$175M
Retained Earnings	$273M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	-$14M
TOTAL STOCKHOLDERS' EQUITY	$433M
Minority Interest	$0
TOTAL EQUITY	$433M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$477M
Net Debt	$114M