Franklin Financial Network Financials

$34.5 M

Revenue Q1, 2017

$456.1 M

Mkt cap, 18-Apr-2018
Gross profit (Q1, 2017)27.7 M
Gross profit margin (Q1, 2017), %80%
Net income (Q1, 2017)7.9 M
EBIT (Q1, 2017)21.8 M

Revenue/Financials

Income Statement

Annual

USDFY, 2014FY, 2015FY, 2016

Revenue

53.4 m81.6 m115 m

Revenue growth, %

53%41%

Cost of goods sold

18.3 m

Gross profit

96.7 m

Gross profit Margin, %

84%

Sales and marketing expense

762 k

General and administrative expense

7.6 m

Operating expense total

8.4 m

EBIT

76.3 m

EBIT margin, %

66%

Pre tax profit

39.8 m

Income tax expense

11.7 m

Net Income

8.4 m16.1 m28.1 m

Quarterly

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

Revenue

18.3 m23.1 m25.6 m28.9 m30.6 m34.5 m

Cost of goods sold

1.4 m1.6 m2.1 m2.6 m3.3 m4.4 m5 m6.9 m

Gross profit

16.2 m20.5 m22.4 m24.6 m25.6 m27.7 m

Gross profit Margin, %

89%89%87%85%84%80%

Sales and marketing expense

135 k224 k198 k277 k217 k188 k206 k267 k

General and administrative expense

1 m1.4 m1.7 m1.7 m1.8 m1.8 m2 m2.1 m

Operating expense total

1.1 m1.7 m1.9 m2 m2 m1.9 m2.2 m2.4 m

EBIT

6.9 m10.5 m12.5 m15 m18.1 m18.4 m19.3 m21.8 m

EBIT margin, %

69%65%71%64%63%63%

Pre tax profit

3.3 m3.3 m4.8 m8 m9.4 m10.1 m10.5 m11.5 m

Income tax expense

1.2 m1.3 m1.7 m2.8 m3.2 m3.1 m3.4 m3.6 m

Net Income

2 m2 m1.5 m3.1 m5.2 m6.2 m13.2 m20.3 m7.9 m

Balance Sheet

Annual

USDFY, 2016

Inventories

1.8 b

PP&E

9.6 m

Goodwill

9.1 m

Total Assets

2.9 b

Accounts Payable

2.4 b

Long-term debt

132 m

Total Debt

132 m

Total Liabilities

2.7 b

Retained Earnings

59.4 m

Total Equity

270.4 m

Debt to Equity Ratio

0.5 x

Debt to Assets Ratio

0 x

Financial Leverage

10.9 x

Quarterly

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

Inventories

485.6 m719.3 m874.5 m962.2 m1.1 b1.4 b1.6 b1.7 b1.9 b

PP&E

5.8 m13.1 m9.7 m9.6 m9.4 m8.1 m8.4 m8.8 m10.2 m

Goodwill

157 k9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m9.1 m

Total Assets

872.1 m1.2 b1.5 b1.8 b2 b2.3 b2.6 b2.7 b3.5 b

Accounts Payable

747.3 m1.1 b1.3 b1.5 b1.7 b2 b2.2 b2.2 b2.8 b

Long-term debt

33 m33 m19 m57 m57 m57 m52 m162 m217 m

Retained Earnings

10.6 m12.6 m18.5 m21.6 m26.7 m37.6 m44.6 m51.6 m67.3 m

Total Equity

74.2 m116.5 m178.5 m177.1 m187.6 m191.9 m204.3 m209.6 m278.5 m

Financial Leverage

11.8 x10.6 x8.5 x10 x10.7 x12 x12.8 x12.9 x12.4 x

Cash Flow

Annual

USDFY, 2016

Net Income

28.1 m

Cash From Operating Activities

28.2 m

Cash From Investing Activities

(741.9 m)

Dividends Paid

(23 k)

Cash From Financing Activities

752.2 m

Interest Paid

17 m

Income Taxes Paid

14 m

Quarterly

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

Net Income

2 m2 m1.5 m3.1 m5.2 m6.2 m13.2 m20.3 m7.9 m

Accounts Receivable

2.5 m3.4 m

Accounts Payable

374 k437 k

Cash From Operating Activities

13.8 m13.9 m17.8 m27.4 m

Cash From Investing Activities

(121 m)(410.2 m)(518.1 m)(501.3 m)

Dividends Paid

(23 k)(23 k)(23 k)(23 k)

Cash From Financing Activities

117 m416 m503.7 m497.7 m

Interest Paid

3 m6.5 m11.9 m6.8 m

Income Taxes Paid

1.1 m7.3 m9.7 m530 k

Ratios

USDY, 2017

Revenue/Employee

154.2 k

Financial Leverage

12.4 x
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Operating Metrics

Franklin Financial Network's Total Loans was reported to be $2b in Q2, 2017.
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