$OCFC
OCEANFIRST FINANCIAL CORP

2015 Q4 Form 10-Q Financial Statement

#000119312515369727 Filed on November 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $23.15M $21.97M $20.14M
YoY Change 9.08% 0.79%
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 $900.0K $1.000M $1.100M
YoY Change 12.5% -9.09% 10.0%
% of Gross Profit
Operating Expenses $15.89M $15.12M $14.43M
YoY Change 10.34% 4.75% 4.69%
Operating Profit
YoY Change
Interest Expense $2.461M $2.395M $2.042M
YoY Change 20.46% 17.29% -16.31%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $8.000M $7.280M $7.955M
YoY Change 8.11% -8.49% 4.31%
Income Tax $2.777M $2.582M $2.790M
% Of Pretax Income 34.71% 35.47% 35.07%
Net Earnings $5.230M $4.698M $5.165M
YoY Change 6.04% -9.04% 3.97%
Net Earnings / Revenue 22.59% 21.38% 25.64%
Basic Earnings Per Share $0.31 $0.28 $0.31
Diluted Earnings Per Share $0.31 $0.28 $0.31
COMMON SHARES
Basic Shares Outstanding 17.28M shares 16.73M shares 16.62M shares
Diluted Shares Outstanding 16.95M shares 16.70M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
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 $28.42M $28.72M $24.69M
YoY Change 14.88% 16.33% 9.05%
Goodwill $1.822M $1.845M
YoY Change
Intangibles $256.0K $269.0K
YoY Change
Long-Term Investments
YoY Change
Other Assets $17.00M $18.00M $16.00M
YoY Change 6.25% 12.5%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $2.593B $2.558B $2.309B
YoY Change 10.03% 10.79% 0.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $76.00M $78.00M $61.00M
YoY Change 11.76% 27.87% -12.86%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $76.00M $78.00M $61.00M
YoY Change 11.76% 27.87% 165.22%
LONG-TERM LIABILITIES
Long-Term Debt $23.00M $28.00M $28.00M
YoY Change -17.86% 0.0% 460.0%
Other Long-Term Liabilities $15.00M $17.00M $15.00M
YoY Change -16.67% 13.33% -11.76%
Total Long-Term Liabilities $38.00M $45.00M $43.00M
YoY Change -17.39% 4.65% 95.45%
TOTAL LIABILITIES
Total Short-Term Liabilities $76.00M $78.00M $61.00M
Total Long-Term Liabilities $38.00M $45.00M $43.00M
Total Liabilities $2.355B $2.323B $2.090B
YoY Change 10.11% 11.16% 0.85%
SHAREHOLDERS EQUITY
Retained Earnings $229.1M $226.1M $215.0M
YoY Change 5.25% 5.19% 4.2%
Common Stock $270.1M $269.7M $336.0K
YoY Change 1.69% 80158.33% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost) $251.5M $251.7M $251.0M
YoY Change -1.22% 0.26% 2.33%
Treasury Stock Shares 16.28M shares 16.29M shares 16.45M shares
Shareholders Equity $238.4M $234.7M $218.7M
YoY Change
Total Liabilities & Shareholders Equity $2.593B $2.558B $2.309B
YoY Change 10.03% 10.79% 0.98%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $5.230M $4.698M $5.165M
YoY Change 6.04% -9.04% 3.97%
Depreciation, Depletion And Amortization $900.0K $1.000M $1.100M
YoY Change 12.5% -9.09% 10.0%
Cash From Operating Activities $6.400M $5.900M $7.100M
YoY Change -49.21% -16.9% 5.97%
INVESTING ACTIVITIES
Capital Expenditures -$800.0K -$1.400M -$1.000M
YoY Change 0.0% 40.0% 233.33%
Acquisitions
YoY Change
Other Investing Activities -$42.80M -$9.800M $5.500M
YoY Change 0.71% -278.18% -67.46%
Cash From Investing Activities -$43.70M -$11.10M $4.400M
YoY Change 0.92% -352.27% -73.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 30.60M 15.50M -27.60M
YoY Change -21.94% -156.16% 28.37%
NET CHANGE
Cash From Operating Activities 6.400M 5.900M 7.100M
Cash From Investing Activities -43.70M -11.10M 4.400M
Cash From Financing Activities 30.60M 15.50M -27.60M
Net Change In Cash -6.700M 10.30M -16.10M
YoY Change -178.82% -163.98% -1047.06%
FREE CASH FLOW
Cash From Operating Activities $6.400M $5.900M $7.100M
Capital Expenditures -$800.0K -$1.400M -$1.000M
Free Cash Flow $7.200M $7.300M $8.100M
YoY Change -46.27% -9.88% 15.71%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> <b><u>Note 1. Basis of Presentation</u></b></p> <p style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> The accompanying unaudited consolidated financial statements include the accounts of OceanFirst Financial Corp. (the &#x201C;Company&#x201D;) and its wholly-owned subsidiary, OceanFirst Bank (the &#x201C;Bank&#x201D;), and its wholly-owned subsidiaries, OceanFirst REIT Holdings, Inc., OceanFirst Services, LLC and 975 Holdings, LLC.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> The interim consolidated financial statements reflect all normal and recurring adjustments which are, in the opinion of management, considered necessary for a fair presentation of the financial condition and results of operations for the periods presented. The results of operations for the three and nine months ended September&#xA0;30, 2015 are not necessarily indicative of the results of operations that may be expected for all of 2015. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the statements of financial condition and the results of operations for the period. Actual results could differ from these estimates.</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> Certain information and note disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted, pursuant to the rules and regulations of the Securities and Exchange Commission (the &#x201C;SEC&#x201D;).</p> <p style="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"> These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company&#x2019;s Annual Report to Stockholders on Form 10-K for the year ended December&#xA0;31, 2014.</p> </div>
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206000
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142000
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1064000 shares
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0
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27000
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221000
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3819000
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152000
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929000

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