Flagstar Bancorp Financials

$2 B

Mkt cap, 18-Apr-2018
Net income (FY, 2017)63 M
EBIT (FY, 2017)390 M
Cash, 31-Dec-2017204 M

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

839 m646.6 m355 m904 m

Revenue growth, %

(23%)(45%)155%

Cost of goods sold

144 m39.3 m68 m94 m137 m

Gross profit

695 m607.4 m287 m810 m

Gross profit Margin, %

83%94%81%90%

Sales and marketing expense

299 m

General and administrative expense

103 m

Operating expense total

643 m

EBIT

(149.3 m)114.7 m240 m323 m390 m

EBIT margin, %

(18%)18%68%36%

Pre tax profit

(149.3 m)240 m258 m211 m

Income tax expense

(416.3 m)(34 m)82 m87 m148 m

Net Income

267 m(69.5 m)158 m171 m63 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Revenue

213.1 m141.3 m174.4 m160.3 m216 m219 m206 m227 m262 m210 m245 m

Cost of goods sold

36.1 m8.2 m9.5 m10.7 m14.4 m17 m18 m22 m22 m26 m27 m32 m

Gross profit

177 m133.2 m164.9 m149.6 m199 m201 m184 m205 m236 m183 m213 m

Gross profit Margin, %

83%94%95%93%92%92%89%90%90%87%87%

Sales and marketing expense

61.6 m65.6 m55.2 m53.5 m60.8 m59 m58 m68 m66 m69 m72 m71 m

General and administrative expense

18.6 m20.4 m19.4 m20.5 m19.9 m20 m20 m22 m21 m21 m22 m25 m

Operating expense total

158.4 m139.3 m121.4 m179.4 m137 m138 m131 m137 m139 m142 m140 m154 m

EBIT

42.7 m58.2 m56.3 m56.3 m64.9 m86 m74 m79 m77 m80 m83 m97 m

EBIT margin, %

20%41%32%35%40%34%38%34%31%40%40%

Pre tax profit

(118.4 m)74 m71 m60 m69 m87 m40 m60 m

Income tax expense

(40 m)11.9 m(10.3 m)18.2 m28 m24 m21 m22 m30 m13 m19 m

Net Income

14.3 m(78.4 m)25.5 m(27.6 m)31.5 m46 m47 m39 m47 m57 m27 m41 m

Balance Sheet

Annual

USDFY, 2015FY, 2016FY, 2017

Cash

208 m158 m204 m

Accounts Receivable

Inventories

PP&E

250 m275 m330 m

Total Assets

13.7 b14.1 b16.9 b

Accounts Payable

8.8 b8.9 b

Short-term debt

Long-term debt

247 m

Total Liabilities

12.7 b15.5 b

Additional Paid-in Capital

1.5 b1.5 b1.5 b

Retained Earnings

(227 m)(161 m)(98 m)

Total Equity

1.5 b1.3 b1.4 b

Financial Leverage

9 x10.5 x12.1 x

Quarterly

USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

246 m195 m724 m184 m174 m161 m183 m

PP&E

240 m243 m256 m259 m271 m277 m299 m

Total Assets

12.1 b12.5 b13.7 b13.7 b14.3 b15.4 b16 b

Accounts Payable

7.6 b8.1 b8.5 b8.6 b9.4 b8.6 b8.7 b

Long-term debt

283 m279 m2.9 b

Total Debt

283 m279 m2.9 b

Total Liabilities

10.7 b11 b12.2 b12.1 b13 b14 b14.6 b

Additional Paid-in Capital

1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b1.5 b

Retained Earnings

(307 m)(260 m)(188 m)(141 m)(189 m)(134 m)(93 m)

Total Equity

1.5 b1.5 b1.6 b1.6 b1.3 b1.4 b1.4 b

Financial Leverage

8.4 x8.3 x8.8 x8.6 x11.1 x11.2 x11.3 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

267 m(69.5 m)158 m171 m63 m

Depreciation and Amortization

24 m32 m40 m

Accounts Receivable

(1 m)(11 m)

Inventories

Accounts Payable

Cash From Operating Activities

(672.3 m)(9.5 b)(16.4 b)

Cash From Investing Activities

5.9 b16.2 b22.5 b

Cash From Financing Activities

3.7 b109 m2.8 b

Quarterly

USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Net Income

25.5 m(27.6 m)31.5 m78 m125 m39 m86 m143 m27 m

Depreciation and Amortization

11 m17 m7 m16 m24 m

Accounts Receivable

2 m1 m1 m

Cash From Operating Activities

(5 b)(7.1 b)(1.9 b)(5.2 b)(10.1 b)(5.2 b)(12 b)

Cash From Investing Activities

2.9 b4.6 b2.5 b5.3 b9.7 b3.9 b10.1 b

Short-term Borrowings

(666 m)(1 b)

Long-term Borrowings

(55 m)

Cash From Financing Activities

2.2 b2.5 b(94 m)(205 m)345 m1.4 b1.9 b

Ratios

USDY, 2017

Financial Leverage

12.1 x
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Operating Metrics

Flagstar Bancorp's Total Loans was reported to be $9.5b in FY, 2016.
FY, 2014FY, 2015FY, 2016

Bank Branches

130 114 120

Non-performing Loans

$74 m$31 m$22 m

Total Loans

$6.52 b$9.23 b$9.47 b
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