WSBF FY 2022 Earnings Report — Waterstone Financial, Inc. Revenue & Financial Results | Market Cap Arena

Waterstone Financial, Inc.WSBF

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$171M	—	$268M	—	-36.3%
Op. Income	$24M	—	$92M	—	-73.4%
Gross Margin	91.7%	—	96.1%	—	-4.5pp
Net Margin	11.4%	—	26.4%	—	-15.0pp
EPS (Diluted)	$0.89	—	$2.96	—	-69.9%
Free Cash Flow	$206M	—	$141M	—	45.8%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$14M
GROSS PROFIT	$157M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$100M
SG&A Expenses	$104M
Other Expenses	$29M
Operating Expenses	$132M
Cost & Expenses	$147M
OPERATING INCOME	$24M
Interest Income	$70M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$5M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$24M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$14M
GROSS PROFIT	$157M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$100M
SG&A Expenses	$104M
Other Expenses	$29M
Operating Expenses	$132M
Cost & Expenses	$147M
OPERATING INCOME	$24M
Interest Income	$70M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$5M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$24M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$4M
Stock-Based Compensation	$583.0K
Deferred Income Tax	-$484.0K
Other Non-Cash Items	$180M
Change in Working Capital	$3M
OPERATING CASH FLOW	$207M
Capital Expenditure	-$701.0K
Acquisitions (Net)	$0
Purchases of Investments	-$90M
Sales/Maturities of Investments	$51M
Other Investing Activities	-$296M
NET CASH FROM INVESTING	-$336M
Net Debt Issuance	-$90M
Common Stock Repurchased	-$48M
Common Dividends Paid	-$30M
Other Financing Activities	-$33M
NET CASH FROM FINANCING	-$201M
FREE CASH FLOW	$206M
Net Change in Cash	-$330M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$197M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$292M
PP&E (Net)	$21M
Goodwill	$0
Intangible Assets	$3M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$91M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.0B
Account Payables	$0
Short-Term Debt	$186M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$200M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$275M
TOTAL LIABILITIES	$1.7B
Common Stock	$222.0K
Additional Paid-In Capital	$129M
Retained Earnings	$274M
Treasury Stock	$0
Accum. Other Comp. Income	-$19M
Other Equity	-$13M
TOTAL STOCKHOLDERS' EQUITY	$370M
Minority Interest	$0
TOTAL EQUITY	$370M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$387M
Net Debt	$351M