2012 Q2 Form 10-Q Financial Statement

#000129970912000030 Filed on May 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2012 Q1 2011 Q1
Revenue $30.00M $29.35M $23.93M
YoY Change 18.43% 22.65%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $300.0K $400.0K $200.0K
YoY Change 50.0% 100.0% 100.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $8.414M $9.013M $8.625M
YoY Change -5.66% 4.5%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $14.44M $13.00M $8.648M
YoY Change 54.91% 50.34% -29.69%
Income Tax $5.871M $5.283M $3.373M
% Of Pretax Income 40.67% 40.64% 39.0%
Net Earnings $8.565M $7.718M $5.275M
YoY Change 54.46% 46.31% -26.74%
Net Earnings / Revenue 28.55% 26.3% 22.05%
Basic Earnings Per Share $0.69 $0.62 $0.48
Diluted Earnings Per Share $0.64 $0.58 $0.48
COMMON SHARES
Basic Shares Outstanding 11.43M shares 11.45B shares
Diluted Shares Outstanding 11.92B shares

Balance Sheet

Concept 2012 Q2 2012 Q1 2011 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $35.43M $25.86M $10.68M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $4.408M $4.065M $3.000M
YoY Change 39.8% 35.5% 200.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $15.00M $9.000M $11.00M
YoY Change 50.0% -18.18% 83.33%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.387B $2.278B $1.736B
YoY Change 23.03% 31.22% 23.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.000M $2.000M $2.000M
YoY Change 0.0% 0.0% 0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $120.0M $120.0M $130.0M
YoY Change -7.69% -7.69% 0.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $16.00M $2.000M $2.000M
YoY Change 128.57% 0.0% -33.33%
LONG-TERM LIABILITIES
Long-Term Debt $5.000M $5.000M $5.000M
YoY Change -37.5% 0.0% 0.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $5.000M $5.000M $5.000M
YoY Change -37.5% 0.0% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $16.00M $2.000M $2.000M
Total Long-Term Liabilities $5.000M $5.000M $5.000M
Total Liabilities $2.180B $2.075B $1.594B
YoY Change 21.64% 30.16% 23.28%
SHAREHOLDERS EQUITY
Retained Earnings $88.36M $80.17M
YoY Change 46.89%
Common Stock $123.0K $122.0K
YoY Change 9.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.610M $5.346M
YoY Change 34.0%
Treasury Stock Shares 809.0K shares 744.6K shares
Shareholders Equity $206.6M $203.2M $142.0M
YoY Change
Total Liabilities & Shareholders Equity $2.387B $2.278B $1.736B
YoY Change 23.03% 31.22% 23.91%

Cashflow Statement

Concept 2012 Q2 2012 Q1 2011 Q1
OPERATING ACTIVITIES
Net Income $8.565M $7.718M $5.275M
YoY Change 54.46% 46.31% -26.74%
Depreciation, Depletion And Amortization $300.0K $400.0K $200.0K
YoY Change 50.0% 100.0% 100.0%
Cash From Operating Activities -$8.400M -$61.00M $14.30M
YoY Change 47.37% -526.57% 741.18%
INVESTING ACTIVITIES
Capital Expenditures -$700.0K -$700.0K -$900.0K
YoY Change 16.67% -22.22% 800.0%
Acquisitions
YoY Change
Other Investing Activities -$84.20M $24.30M -$87.30M
YoY Change -56.15% -127.84% 57.58%
Cash From Investing Activities -$84.80M $23.70M -$88.20M
YoY Change -55.97% -126.87% 58.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 102.8M 40.90M 72.00M
YoY Change -47.71% -43.19% 40.35%
NET CHANGE
Cash From Operating Activities -8.400M -61.00M 14.30M
Cash From Investing Activities -84.80M 23.70M -88.20M
Cash From Financing Activities 102.8M 40.90M 72.00M
Net Change In Cash 9.600M 3.600M -1.900M
YoY Change -664.71% -289.47% -26.92%
FREE CASH FLOW
Cash From Operating Activities -$8.400M -$61.00M $14.30M
Capital Expenditures -$700.0K -$700.0K -$900.0K
Free Cash Flow -$7.700M -$60.30M $15.20M
YoY Change 50.98% -496.71% 744.44%

Facts In Submission

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us-gaap Other Than Temporary Impairment Losses Investments Portion Recognized In Earnings Net
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us-gaap Payments For Federal Home Loan Bank Advances
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us-gaap Payments To Acquire Productive Assets
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ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
8910000 USD
us-gaap Proceeds From Sale Of Mortgage Backed Securities Mbs Categorized As Available For Sale
ProceedsFromSaleOfMortgageBackedSecuritiesMBSCategorizedAsAvailableForSale
0 USD
us-gaap Proceeds From Stock Options Exercised
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0 USD
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RetainedEarningsAccumulatedDeficit
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CY2011Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
60152000 USD
CY2012Q1 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
120000000 USD
CY2011Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
130000000 USD
us-gaap Share Based Compensation
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1850000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
19487000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
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TradingSecuritiesUnrealizedHoldingGainLoss
305000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
67000 USD
us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
930000 USD
CY2011Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
42000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
4796000 USD
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
0 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
0 USD
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
85825000 USD
CY2012Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2011Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
5346000 USD
CY2011Q2 us-gaap Treasury Stock Value
TreasuryStockValue
4933000 USD
bofi Advances From Federal Home Loan Bank Interest Expense
AdvancesFromFederalHomeLoanBankInterestExpense
4828000 USD
CY2011Q1 bofi Advances From Federal Home Loan Bank Interest Expense
AdvancesFromFederalHomeLoanBankInterestExpense
1459000 USD
CY2012Q1 bofi Advances From Federal Home Loan Bank Interest Expense
AdvancesFromFederalHomeLoanBankInterestExpense
1451000 USD
bofi Advances From Federal Home Loan Bank Interest Expense
AdvancesFromFederalHomeLoanBankInterestExpense
4506000 USD
bofi Common Stock Issued During Period Value New Issues
CommonStockIssuedDuringPeriodValueNewIssues
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CY2012Q1 bofi Fdic And Primary Federal Regulator Fees
FdicAndPrimaryFederalRegulatorFees
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bofi Fdic And Primary Federal Regulator Fees
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bofi Fdic And Primary Federal Regulator Fees
FdicAndPrimaryFederalRegulatorFees
1474000 USD
CY2011Q1 bofi Fdic And Primary Federal Regulator Fees
FdicAndPrimaryFederalRegulatorFees
559000 USD
bofi Gain On Sales Of Loans Held For Sale
GainOnSalesOfLoansHeldForSale
3557000 USD
bofi Gain On Sales Of Loans Held For Sale
GainOnSalesOfLoansHeldForSale
11682000 USD
CY2011Q2 bofi Loans Held For Sale Carried At Fair Value
LoansHeldForSaleCarriedAtFairValue
20110000 USD
CY2012Q1 bofi Loans Held For Sale Carried At Fair Value
LoansHeldForSaleCarriedAtFairValue
44286000 USD
CY2012Q1 bofi Loans Held For Sale Lower Of Cost Or Market
LoansHeldForSaleLowerOfCostOrMarket
45329000 USD
CY2011Q2 bofi Loans Held For Sale Lower Of Cost Or Market
LoansHeldForSaleLowerOfCostOrMarket
0 USD
bofi Loss On Sale Of Other Real Estate And Foreclosed Assets
LossOnSaleOfOtherRealEstateAndForeclosedAssets
1802000 USD
bofi Loss On Sale Of Other Real Estate And Foreclosed Assets
LossOnSaleOfOtherRealEstateAndForeclosedAssets
1159000 USD
CY2012Q1 bofi Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
301000 USD
CY2011Q1 bofi Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
257000 USD
bofi Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
856000 USD
bofi Occupancy And Equipment Expense
OccupancyAndEquipmentExpense
606000 USD
bofi Origination Of Loans Net
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361126000 USD
CY2012Q1 bofi Preferred Stock Par Value Per Share
PreferredStockParValuePerShare
0.01
bofi Origination Of Loans Net
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CY2011Q2 bofi Preferred Stock Par Value Per Share
PreferredStockParValuePerShare
0.01
CY2012Q1 bofi Prepayment Penalty Fee Income
PrepaymentPenaltyFeeIncome
189000 USD
bofi Prepayment Penalty Fee Income
PrepaymentPenaltyFeeIncome
315000 USD
CY2011Q1 bofi Prepayment Penalty Fee Income
PrepaymentPenaltyFeeIncome
25000 USD
bofi Prepayment Penalty Fee Income
PrepaymentPenaltyFeeIncome
1025000 USD
bofi Proceeds From Repayment Of Securities
ProceedsFromRepaymentOfSecurities
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bofi Proceeds From Repayment Of Securities
ProceedsFromRepaymentOfSecurities
303710000 USD
bofi Purchases Of Loans Net Of Discounts And Premiums
PurchasesOfLoansNetOfDiscountsAndPremiums
110682000 USD
bofi Purchases Of Loans Net Of Discounts And Premiums
PurchasesOfLoansNetOfDiscountsAndPremiums
0 USD
bofi Real Estate Owned And Repossessed Vehicles Expense
RealEstateOwnedAndRepossessedVehiclesExpense
1248000 USD
bofi Real Estate Owned And Repossessed Vehicles Expense
RealEstateOwnedAndRepossessedVehiclesExpense
2003000 USD
CY2012Q1 bofi Real Estate Owned And Repossessed Vehicles Expense
RealEstateOwnedAndRepossessedVehiclesExpense
-25000 USD
CY2011Q1 bofi Real Estate Owned And Repossessed Vehicles Expense
RealEstateOwnedAndRepossessedVehiclesExpense
796000 USD
bofi Stock Option Exercises And Tax Benefits Of Equity Compensation
StockOptionExercisesAndTaxBenefitsOfEquityCompensation
745000 USD
CY2012Q1 bofi Total Unrealized Gain Loss On Securities
TotalUnrealizedGainLossOnSecurities
-906000 USD
bofi Total Unrealized Gain Loss On Securities
TotalUnrealizedGainLossOnSecurities
-1593000 USD
bofi Total Unrealized Gain Loss On Securities
TotalUnrealizedGainLossOnSecurities
-988000 USD
CY2011Q1 bofi Total Unrealized Gain Loss On Securities
TotalUnrealizedGainLossOnSecurities
-131000 USD
bofi Transfers To Other Real Estate And Repossessed Vehicles
TransfersToOtherRealEstateAndRepossessedVehicles
10356000 USD
bofi Transfers To Other Real Estate And Repossessed Vehicles
TransfersToOtherRealEstateAndRepossessedVehicles
846000 USD
bofi Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
73000 USD
bofi Unrealized Gain Loss On Loans Held For Sale
UnrealizedGainLossOnLoansHeldForSale
533000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--06-30
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0001299709
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
11431560 shares
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
BofI Holding, Inc.

Files In Submission

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0001299709-12-000030-index-headers.html Edgar Link pending
0001299709-12-000030-index.html Edgar Link pending
0001299709-12-000030.txt Edgar Link pending
0001299709-12-000030-xbrl.zip Edgar Link pending
bofi-20120331.xml Edgar Link completed
bofi-20120331.xsd Edgar Link pending
bofi-20120331_cal.xml Edgar Link unprocessable
bofi-20120331_def.xml Edgar Link unprocessable
bofi-20120331_lab.xml Edgar Link unprocessable
bofi-20120331_pre.xml Edgar Link unprocessable
bofi3312012-10q.htm Edgar Link pending
bofi3312012-10qex311.htm Edgar Link pending
bofi3312012-10qex312.htm Edgar Link pending
bofi3312012-10qex321.htm Edgar Link pending
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bofiholdinghoriz400.jpg Edgar Link pending
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Financial_Report.xls Edgar Link pending
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