CALB - California BanCorp
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| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||
| Revenue | 114.1 | 78.3 | 58.9 | 48.9 | 45.2 | 37.8 | 33.0 | 28.9 | 19.3 | 17.1 | 14.2 | 11.9 |
| Cost of Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit | 114.1 | 78.3 | 58.9 | 48.9 | 45.2 | 37.8 | 33.0 | 28.9 | 19.3 | 17.1 | 14.2 | 11.9 |
| Operating Expenses | ||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 32.4 | 29.1 | 26.0 | 22.1 | 20.7 | 18.3 | 14.7 | 14.6 | 11.6 | 9.4 | 7.9 | 7.1 |
| Other Expenses | (10.1) | (10.5) | (66.5) | (64.8) | (56.2) | (39.2) | (33.2) | (33.0) | 0 | 0 | 0 | 0 |
| Operating Expenses | 10.1 | 2.2 | (40.4) | (42.7) | (35.5) | (20.9) | (18.6) | (18.4) | 15.5 | 11.8 | 9.9 | 8.8 |
| Operating Income | ||||||||||||
| Operating Income | 104.0 | 39.7 | 18.5 | 6.2 | 9.6 | 16.8 | 14.4 | 10.5 | 5.0 | 5.4 | 4.3 | 3.1 |
| Interest Expense | 34.7 | 11.3 | 6.6 | 8.1 | 8.1 | 5.1 | 3.2 | 2.1 | 0 | 0 | 0 | 0 |
| Interest Income | 109.2 | 82.3 | 61.3 | 53.0 | 49.1 | 40.9 | 34.7 | 29.2 | 0 | 0 | 0 | 0 |
| Profitability | ||||||||||||
| EBITDA | 0.9 | 41.2 | 20.0 | 7.6 | 10.6 | 17.8 | 15.2 | 10.8 | 0.2 | 0.2 | 0.1 | 0.2 |
| EBIT | 0 | 39.7 | 18.5 | 6.2 | 9.6 | 28.6 | 14.4 | 18.9 | 0 | 0 | 0 | 0 |
| Income Before Tax | 30.6 | 29.9 | 18.5 | 6.2 | 9.6 | 11.7 | 11.3 | 8.4 | 3.9 | 5.3 | 4.3 | 3.1 |
| Income Tax Expense | 9.0 | 8.8 | 5.1 | 1.9 | 2.6 | 3.0 | 5.7 | 3.2 | 1.6 | 2.0 | 1.8 | 1.4 |
| Net Income | 21.6 | 21.1 | 13.4 | 4.3 | 7.0 | 8.7 | 5.6 | 5.2 | 2.2 | 3.2 | 2.4 | 1.6 |
| Per Share Data | ||||||||||||
| EPS (Basic) | 2.58 | 2.54 | 1.63 | 0.53 | 0.87 | 1.22 | 0.89 | 0.81 | 0.45 | 0.83 | 0.81 | 0.54 |
| EPS (Diluted) | 2.56 | 2.51 | 1.61 | 0.53 | 0.86 | 1.19 | 0.85 | 0.77 | 0.44 | 0.83 | 0.81 | 0.54 |
| Shares Outstanding | 8.4 | 8.3 | 8.2 | 8.1 | 8.0 | 7.1 | 6.3 | 6.2 | 4.8 | 3.9 | 3.0 | 2.9 |
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||||
| Cash & Cash Equivalents | 27.5 | 16.7 | 4.5 | 22.5 | 114.3 | 78.7 | 86.0 | 87.4 | 68.9 | 58.0 | 24.3 | 44.2 |
| Short-Term Investments | 44.6 | 0 | 74.9 | 55.1 | 28.6 | 37.4 | 13.0 | 15.6 | 0 | 0 | 0 | 0 |
| Net Receivables | 0 | 39.8 | 40.7 | 39.6 | 28.9 | 14.8 | 12.4 | 9.3 | 0 | 0 | 0 | 0 |
| Inventory | 0 | (176.6) | (476.2) | (425.1) | (117.7) | 0 | (88.6) | (89.6) | 0 | 0 | 0 | 0 |
| Other Current Assets | 220.2 | 239.2 | 476.2 | 425.1 | 117.7 | 821.6 | 88.6 | 89.6 | 0 | 0 | 0 | 0 |
| Total Current Assets | 220.2 | 119.1 | 120.1 | 117.2 | 171.8 | 952.5 | 111.4 | 112.3 | 68.9 | 58.0 | 24.3 | 44.2 |
| Non-Current Assets | ||||||||||||
| Property, Plant & Equipment | 11.0 | 3.1 | 4.4 | 5.8 | 3.7 | 2.1 | 2.9 | 2.6 | 2.4 | 0.2 | 0.2 | 0.2 |
| Goodwill | 7.3 | 0 | 0 | 0 | 7.3 | 7.4 | 7.4 | 7.4 | 7.4 | 0 | 0 | 0 |
| Intangible Assets | 0.1 | 7.5 | 7.5 | 7.6 | 0.2 | 0.3 | 0.4 | 0.5 | 0.7 | 0.1 | 0.1 | 0.1 |
| Long-Term Investments | 5 | 155.9 | 103.3 | 55.1 | 28.6 | 43.4 | 13.0 | 15.6 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 1,732.0 | (13.5) | (12.2) | (6.0) | (9.6) | (6.5) | (6.0) | (8.1) | 573.7 | 387.3 | 340.0 | (0.3) |
| Total Non-Current Assets | 1,770.2 | 166.4 | 115.2 | 68.4 | 39.8 | 53.1 | 23.7 | 26.0 | 584.1 | 387.6 | 340.3 | 0.3 |
| Total Assets | 1,990.4 | 2,042.2 | 2,015.0 | 1,905.8 | 1,152.0 | 1,005.7 | 866.5 | 764.8 | 652.9 | 445.6 | 364.5 | 349.6 |
| Current Liabilities | ||||||||||||
| Account Payables | 0 | 24.1 | 23.7 | 23.1 | 18.6 | 5.4 | 5.4 | 4.3 | 0 | 0 | 0 | 0 |
| Short-Term Debt | 2.4 | 1.5 | 2.4 | 2.4 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 0 | 22.6 | 21.2 | 20.7 | 0 | 4.4 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 0.9 | (46.5) | (46.5) | (45.7) | (18.6) | 365.3 | (6.4) | (4.3) | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 993.5 | 24.1 | 23.7 | 23.1 | 18.6 | 5.4 | 6.4 | 4.3 | 0.0 | 0.0 | 0.0 | 0.0 |
| Non-Current Liabilities | ||||||||||||
| Long-Term Debt | 129.3 | 54.2 | 160.4 | 214.0 | 15.0 | 5.0 | 14.9 | 33.9 | 29 | 29 | 29 | 29 |
| Deferred Tax Liabilities | 4.5 | 3.1 | 3.6 | 0 | 4.0 | 1.4 | 1.4 | 1.9 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 1,010.0 | 1,814.1 | 1,542.6 | (214.0) | 991.4 | 884.9 | 751.7 | 620.3 | 546.0 | 358.0 | 296.6 | (29) |
| Total Non-Current Liabilities | 800.5 | 24.1 | 160.4 | 214.0 | 15.0 | 5.0 | 14.9 | 33.9 | 575.0 | 387.0 | 325.6 | 29 |
| Total Liabilities | 1,793.9 | 1,870.0 | 1,864.2 | 1,769.4 | 1,021.8 | 884.6 | 781.7 | 688.3 | 575.0 | 387.0 | 325.6 | 312.9 |
| Stockholders' Equity | ||||||||||||
| Common Stock | 113.2 | 111.3 | 109.5 | 107.9 | 106.4 | 104.6 | 76.9 | 68.8 | 64.1 | 46.9 | 30.7 | 30.3 |
| Retained Earnings | 84.2 | 62.3 | 41.2 | 27.8 | 23.5 | 16.5 | 7.8 | 7.8 | 2.8 | 0.7 | (2.6) | (5.0) |
| Accumulated Other Comprehensive Income | (0.9) | (1.3) | 0.1 | 0.6 | 0.3 | 0.0 | 0.0 | (0.0) | 0.0 | 0.1 | (0.2) | 0 |
| Total Stockholders' Equity | 196.5 | 172.3 | 150.8 | 136.4 | 130.3 | 121.1 | 84.7 | 76.6 | 77.9 | 58.6 | 38.9 | 36.7 |
| Total Liabilities & Equity | 1,990.4 | 2,042.2 | 2,015.0 | 1,905.8 | 1,152.0 | 1,005.7 | 866.5 | 764.8 | 652.9 | 445.6 | 364.5 | 0 |
| Debt Metrics | ||||||||||||
| Total Debt | 139.9 | 54.2 | 160.4 | 214.0 | 15.0 | 5.0 | 15.9 | 33.9 | 29 | 29 | 29 | 0 |
| Net Debt | 112.4 | 37.5 | 155.9 | 191.6 | (99.4) | (73.7) | (70.0) | (53.5) | (39.9) | (29.0) | 4.7 | (44.2) |
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||
| Net Income | 21.6 | 21.1 | 13.4 | 4.3 | 7.0 | 8.7 | 5.6 | 5.2 | 2.3 | 3.4 | 2.6 | 1.8 |
| Depreciation & Amortization | 0.9 | 1.5 | 1.6 | 1.4 | 0.9 | 0.9 | 0.8 | 0.3 | 0.2 | 0.2 | 0.1 | 0.2 |
| Stock-Based Compensation | 2.0 | 1.8 | 1.3 | 1.3 | 1.3 | 1.0 | 0.5 | 0.4 | 0.6 | 0.5 | 0.4 | 0.4 |
| Change in Working Capital | 2.3 | 3.6 | 3.5 | 0.8 | 2.4 | (0.7) | (0.3) | 0.7 | 0.1 | (1.9) | 0.0 | (0.3) |
| Other Non-Cash Items | 1.5 | 2.0 | (1.2) | 6.8 | 1.8 | 0.4 | 1.1 | (0.1) | (0.2) | (0.3) | 0.5 | 2.7 |
| Operating Cash Flow | 28.2 | 28.7 | 16.2 | 14.8 | 12.8 | 9.8 | 9.3 | 6.6 | 2.9 | 1.8 | 3.6 | 4.6 |
| Investing Activities | ||||||||||||
| Capital Expenditure | (0.1) | (0.2) | (0.2) | (3.5) | (2.5) | (1.1) | (1.0) | (0.4) | (1.8) | (0.2) | (0.2) | (0.0) |
| Acquisitions | (10.2) | 0 | (7.6) | (421.0) | (106.8) | 0 | (104.5) | (107.3) | (3.2) | 0 | 0 | 0 |
| Purchases of Investments | (0.3) | (79.4) | (65.8) | (45.5) | (2.4) | (54.7) | (1.7) | (2.1) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 10.6 | 23.4 | 16.0 | 17.4 | 15.1 | 22.7 | 2.5 | 16.0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | 43.3 | (215.8) | (1.4) | (1.2) | (5.1) | (114.6) | (0.4) | (0.2) | (60.6) | (44.4) | (35.9) | (55.7) |
| Investing Cash Flow | 43.3 | (272.0) | (59.0) | (453.8) | (101.7) | (146.6) | (105.1) | (94.0) | (65.6) | (44.5) | (36.1) | (55.7) |
| Financing Activities | ||||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock Repurchased | 0 | 0 | 0 | (1.4) | 0 | 0 | (0.0) | (11) | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | (0.0) | (0.2) | (0.1) | (0.1) | (0.1) | (0.2) |
| Other Financing Activities | (91.5) | 5.2 | 94.7 | 743.3 | 124.6 | 129.5 | 94.4 | 106.1 | 73.7 | 76.6 | 12.7 | 48.5 |
| Financing Cash Flow | (91.5) | 5.2 | 94.7 | 743.3 | 124.6 | 129.5 | 94.4 | 105.9 | 73.6 | 76.5 | 12.6 | 48.3 |
| Cash Position | ||||||||||||
| Net Change in Cash | (20.0) | (238.1) | 51.9 | 304.2 | 35.6 | (7.2) | (1.5) | 18.6 | 10.9 | 33.7 | (19.9) | (2.8) |
| Cash at Beginning | 232.4 | 470.5 | 418.5 | 114.3 | 78.7 | 86.0 | 87.4 | 68.9 | 58.0 | 24.3 | 44.2 | 47.0 |
| Cash at End | 212.4 | 232.4 | 470.5 | 418.5 | 114.3 | 78.7 | 86.0 | 87.4 | 68.9 | 58.0 | 24.3 | 44.2 |
| Free Cash Flow | 28.1 | 28.5 | 16.0 | 11.2 | 10.2 | 8.7 | 8.2 | 6.2 | 1.0 | 1.6 | 3.5 | 4.6 |
| Key Metrics | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 114.1 | 78.3 | 58.9 | 48.9 | 45.2 | 37.8 | 33.0 | 28.9 | 19.3 | 17.1 | 14.2 | 11.9 |
| Gross Profit | 114.1 | 78.3 | 58.9 | 48.9 | 45.2 | 37.8 | 33.0 | 28.9 | 19.3 | 17.1 | 14.2 | 11.9 |
| Operating Income | 104.0 | 39.7 | 18.5 | 6.2 | 9.6 | 16.8 | 14.4 | 10.5 | 5.0 | 5.4 | 4.3 | 3.1 |
| Net Income | 21.6 | 21.1 | 13.4 | 4.3 | 7.0 | 8.7 | 5.6 | 5.2 | 2.2 | 3.2 | 2.4 | 1.6 |
| EPS (Diluted) | 2.56 | 2.51 | 1.61 | 0.53 | 0.86 | 1.19 | 0.85 | 0.77 | 0.44 | 0.83 | 0.81 | 0.54 |
| Balance Sheet | ||||||||||||
| Cash & Equivalents | 27.5 | 16.7 | 4.5 | 22.5 | 114.3 | 78.7 | 86.0 | 87.4 | 68.9 | 58.0 | 24.3 | 44.2 |
| Total Assets | 1,990.4 | 2,042.2 | 2,015.0 | 1,905.8 | 1,152.0 | 1,005.7 | 866.5 | 764.8 | 652.9 | 445.6 | 364.5 | 349.6 |
| Total Debt | 139.9 | 54.2 | 160.4 | 214.0 | 15.0 | 5.0 | 15.9 | 33.9 | 29 | 29 | 29 | 0 |
| Stockholders' Equity | 196.5 | 172.3 | 150.8 | 136.4 | 130.3 | 121.1 | 84.7 | 76.6 | 77.9 | 58.6 | 38.9 | 36.7 |
| Cash Flow | ||||||||||||
| Operating Cash Flow | 28.2 | 28.7 | 16.2 | 14.8 | 12.8 | 9.8 | 9.3 | 6.6 | 2.9 | 1.8 | 3.6 | 4.6 |
| Capital Expenditure | (0.1) | (0.2) | (0.2) | (3.5) | (2.5) | (1.1) | (1.0) | (0.4) | (1.8) | (0.2) | (0.2) | (0.0) |
| Free Cash Flow | 28.1 | 28.5 | 16.0 | 11.2 | 10.2 | 8.7 | 8.2 | 6.2 | 1.0 | 1.6 | 3.5 | 4.6 |