Income Statement SoFi Technologies, Inc.

Equities

SOFI

US83406F1021

Consumer Lending

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Published financial data: SOFI TECHNOLOGIES, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Interest and Dividend Income, Total	608M	364M	355M	773M	2.05B
Interest Expense, Total	278M	186M	103M	189M	789M
Net Interest Income	330M	178M	252M	584M	1.26B
Loan Servicing Revenue	299M	371M	498M	605M	372M
Other Revenues, Total	-186M	16.28M	235M	384M	489M
Revenues Before Provison For Loan Losses	443M	566M	985M	1.57B	2.12B
Provision For Loan Losses	-	-	7.57M	54.33M	54.94M
Total Revenues	443M	566M	977M	1.52B	2.07B
Salaries And Other Employee Benefits	59.26M	93.8M	227M	288M	261M
Cost of Services Provided, Total	623M	785M	1.2B	1.53B	1.86B
Total Operating Expenses	682M	879M	1.43B	1.82B	2.12B
Operating Income	-240M	-314M	-454M	-301M	-53.84M
EBT, Excl. Unusual Items	-240M	-314M	-454M	-301M	-53.84M
Total Merger & Related Restructuring Charges	-	-9.16M	-27.33M	-17.4M	-142K
Impairment of Goodwill	-	-	-	-	-247M
Asset Writedown	-	-5.8M	-	-	-
EBT, Incl. Unusual Items	-240M	-329M	-481M	-319M	-301M
Income Tax Expense	98K	-104M	2.76M	1.69M	-416K
Earnings From Continuing Operations	-240M	-224M	-484M	-320M	-301M
Net Income to Company	-240M	-224M	-484M	-320M	-301M
Net Income - (IS)	-240M	-224M	-484M	-320M	-301M
Preferred Dividend and Other Adjustments	23.92M	93.19M	40.43M	40.42M	40.42M
Net Income to Common Incl Extra Items	-264M	-317M	-524M	-361M	-341M
Net Income to Common Excl. Extra Items	-264M	-317M	-524M	-361M	-341M
Per Share Items
Net EPS - Basic	-7	-7.49	-1	-0.4	-0.36
Basic EPS - Continuing Operations	-7	-7.49	-1	-0.4	-0.36
Basic Weighted Average Shares Outstanding	37.65M	42.37M	527M	901M	945M
Net EPS - Diluted	-7	-7.49	-1	-0.4	-0.36
Diluted EPS - Continuing Operations	-7	-7.49	-1	-0.4	-0.36
Diluted Weighted Average Shares Outstanding	37.65M	42.37M	527M	901M	945M
Normalized Basic EPS	-3.98	-4.62	-0.54	-0.21	-0.04
Normalized Diluted EPS	-3.98	-4.62	-0.54	-0.21	-0.04
Payout Ratio	-9.98	-18.09	-8.35	-12.62	-13.44
Supplemental Items
Effective Tax Rate - (Ratio)	-0.04	31.8	-0.57	-0.53	0.14
Current Domestic Taxes	17K	23K	1.48M	4.28M	8.64M
Current Foreign Taxes	29K	13K	75K	909K	930K
Total Current Taxes	46K	36K	1.56M	5.18M	9.57M
Deferred Domestic Taxes	60K	-105M	1.22M	543K	5.73M
Deferred Foreign Taxes	-8K	11K	-18K	-4.04M	-15.71M
Total Deferred Taxes	52K	-105M	1.2M	-3.5M	-9.99M
Normalized Net Income	-150M	-196M	-284M	-188M	-33.65M
Supplemental Operating Expense Items
Stock-Based Comp., COGS (Total)	1.68M	6.07M	11.74M	17.84M	10.66M
Stock-Based Comp., S&M Exp. (Total)	4.19M	8.04M	16.14M	24.18M	26.78M
Stock-Based Comp., G&A Exp. (Total)	55.07M	85.76M	211M	264M	234M
Stock-Based Comp., Other (Total)	483K	-	360K	-	-
Total Stock-Based Compensation	61.42M	99.87M	239M	306M	271M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	499M	873M	495M	1.42B	3.09B
Long-Term Investments - (FS Template)	758M	604M	589M	420M	725M
Trading Asset Securities, Total	-	-	-	34.61M	6.92M
Loans and Lease Receivables - (FS Template)	5.4B	4.9B	6.07B	308M	7.56B
Other Receivables	12.14M	32.37M	33.75M	127M	170M
Gross Property Plant And Equipment	153M	195M	206M	196M	189M
Accumulated Depreciation	-10.11M	-19.93M	-31.44M	-46.1M	-57.6M
Net Property Plant And Equipment	143M	175M	174M	150M	131M
Goodwill	15.67M	899M	899M	1.62B	1.39B
Other Intangibles, Total	29.62M	379M	337M	560M	539M
Loans Held For Sale	-	-	-	13.56B	15.4B
Restricted Cash	191M	451M	274M	424M	531M
Other Current Assets, Total	-	-	-	73.43M	216M
Deferred Charges Long-Term	-	-	4.1M	-	-
Other Long-Term Assets, Total	243M	253M	302M	309M	319M
Total Assets	7.29B	8.56B	9.18B	19.01B	30.07B
Liabilities
Interest Bearing Deposits	-	-	-	7.27B	18.57B
Non-Interest Bearing Deposits	-	-	-	76.5M	51.67M
Deposits	-	-	-	7.34B	18.62B
Accounts Payable, Total	91.75M	365M	272M	127M	93.3M
Accrued Expenses, Total	5.87M	19.82M	1.31M	164M	269M
Short-Term Borrowings	-	253M	864K	9.25M	4.6M
Current Portion of Leases	15.47M	20.17M	23.25M	26.08M	25.5M
Long-Term Debt	4.96B	4.67B	4.04B	5.5B	5.24B
Long-Term Leases	109M	134M	130M	105M	96.32M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	-	-	118K	-	103M
Unearned Revenue Non Current	-	2.52M	2.55M	10.03M	5.72M
Deferred Tax Liability Non-Current	-	-	-	56.48M	40.23M
Other Non Current Liabilities	5.97M	8.05M	7.44M	136M	20.65M
Total Liabilities	5.19B	5.47B	4.48B	13.48B	24.52B
Preferred Stock Redeemable	2.44B	3.17B	320M	320M	320M
Preferred Stock - Others	-	39.96M	-	-	-
Total Preferred Equity	2.44B	3.21B	320M	320M	320M
Common Stock, Total	-	-	83K	93K	97K
Additional Paid In Capital	136M	579M	5.56B	6.72B	7.04B
Retained Earnings	-475M	-699M	-1.18B	-1.5B	-1.8B
Treasury Stock	-	-	-	-	-
Comprehensive Income and Other	-21K	-166K	-1.47M	-8.3M	-1.21M
Total Common Equity	-339M	-120M	4.38B	5.21B	5.23B
Total Equity	2.1B	3.09B	4.7B	5.53B	5.55B
Total Liabilities And Equity	7.29B	8.56B	9.18B	19.01B	30.07B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	39.61M	66.03M	829M	935M	977M
ECS Total Common Shares Outstanding	39.61M	66.03M	828M	934M	976M
Book Value / Share	-8.56	-1.82	5.29	5.58	5.36
Tangible Book Value	-384M	-1.4B	3.14B	3.03B	3.3B
Tangible Book Value Per Share	-9.7	-21.17	3.79	3.24	3.38
Total Debt	5.08B	5.07B	4.2B	5.64B	5.37B
Net Debt	4.59B	4.2B	3.7B	4.19B	2.28B
Equity Method Investments, Total	104M	108M	19.74M	22.82M	22.92M
Full Time Employees	-	1.98K	2.5K	4.2K	4.4K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-240M	-224M	-484M	-320M	-301M
Depreciation, Depletion & Amortization	12.95M	20.1M	31.06M	59.08M	96.5M
Amortization of Goodwill and Intangible Assets - (CF)	3.01M	43.94M	70.51M	91.54M	101M
Total Depreciation, Depletion & Amortization	15.96M	64.03M	102M	151M	197M
Amortization of Deferred Charges, Total	33.2M	28.31M	18.29M	19.03M	24.35M
(Gain) Loss on Sale of Investments - (CF)	-11.36M	-13.92M	-6.54M	13.6M	-48K
Total Asset Writedown	-	5.8M	-	-	247M
Provision for Credit Losses	-	-	-	54.33M	10.94M
(Income) Loss On Equity Investments - (CF)	-869K	-4.31M	261K	-	-
Stock-Based Compensation (CF)	61.42M	101M	239M	306M	271M
Change in Accounts Payable	2.03M	95.16M	-9.02M	6.36M	42.09M
Change in Other Net Operating Assets (Collected)	68.01M	-492M	-1.34B	-7.5B	-7.68B
Other Operating Activities	16.58M	-38.64M	126M	16.54M	-44.02M
Cash from Operations	-54.73M	-479M	-1.35B	-7.26B	-7.23B
Capital Expenditure	-37.59M	-24.55M	-52.26M	-93.2M	-111M
Cash Acquisitions	-	-32.39M	-	58.54M	-72.3M
Purchase / Sale of Intangible Assets	-	-	-	-10.53M	-9.78M
Investment in Marketable and Equity Securities, Total	-3.61M	829K	-101M	-6.24M	-442M
Net (Increase) Decrease in Loans Originated / Sold - Investing	165M	323M	247M	-54.9M	-1.25B
Other Investing Activities, Total	-9.05M	-7.64M	16.69M	-	-
Cash from Investing	115M	259M	110M	-106M	-1.89B
Long-Term Debt Issued, Total	12.46B	10.23B	9.52B	1.86B	521M
Total Debt Issued	12.46B	10.23B	9.52B	1.86B	521M
Long-Term Debt Repaid, Total	-12.83B	-9.71B	-10.43B	-517M	-800M
Total Debt Repaid	-12.83B	-9.71B	-10.43B	-517M	-800M
Issuance of Common Stock	22.33M	417M	120M	2.61M	1.14M
Repurchase of Common Stock	-30.22M	-31.3M	-193M	-8.98M	-15.3M
Issuance of Preferred Stock	574M	-	-	-	-
Repurchase of Preferred Stock	-	-	-133M	-	-
Preferred Dividends Paid	-23.92M	-40.54M	-40.43M	-40.42M	-40.42M
Common & Preferred Stock Dividends Paid	-23.92M	-40.54M	-40.43M	-40.42M	-40.42M
Other Financing Activities, Total	-81M	-16.44M	1.84B	7.14B	11.22B
Cash from Financing	93.08M	854M	685M	8.44B	10.89B
Foreign Exchange Rate Adjustments	-9K	-145K	46K	571K	677K
Net Change in Cash	153M	633M	-555M	1.08B	1.77B
Supplemental Items
Cash Interest Paid	225M	129M	94.8M	151M	720M
Cash Income Tax Paid (Refund)	8K	529K	1.76M	2.57M	14.33M
Net Debt Issued / Repaid	-368M	525M	-908M	1.34B	-280M

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	-3.03	-2.83	-5.46	-2.27	-1.23
Return On Equity %	-12.22	-8.59	-12.42	-6.27	-5.43
Return on Common Equity	129.39	138.18	-24.63	-7.53	-6.53
Margin Analysis
Gross Profit Margin %	73.72	68.37	73.7	79.38	81.62
SG&A Margin	127.85	123.81	120.14	99.22	84.23
Income From Continuing Operations Margin %	-54.15	-39.62	-49.52	-21.09	-14.54
Net Income Margin %	-54.15	-39.62	-49.52	-21.09	-14.54
Net Avail. For Common Margin %	-59.55	-56.1	-53.65	-23.75	-16.5
Normalized Net Income Margin	-33.83	-34.65	-29.02	-12.4	-1.63
Asset Turnover
Asset Turnover	0.06	0.07	0.11	0.11	0.08
Short Term Liquidity
Current Ratio	53.94	9.51	23.12	2.08	1.41
Quick Ratio	52.25	8.82	22.2	0.25	0.57
Operating Cash Flow to Current Liabilities	-0.48	-0.73	-4.54	-0.95	-0.38
Long Term Solvency
Total Debt/Equity	242.06	164.04	89.31	102.08	96.62
Total Debt / Total Capital	70.77	62.13	47.18	50.52	49.14
LT Debt/Equity	241.32	155.21	88.8	101.44	96.08
Long-Term Debt / Total Capital	70.55	58.78	46.91	50.2	48.86
Total Liabilities / Total Assets	71.18	63.88	48.81	70.91	81.53
Tier 1 Capital Ratio %	-	-	-	20.3	15
Total Capital Ratio %	-	-	-	20.6	15.3
Leverage Ratio %	-	-	-	21.8	12.8
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	64.31	27.76	72.81	55.45	36.11
Gross Profit, 1 Yr. Growth %	80.78	18.48	86.3	67.42	39.96
Earnings From Cont. Operations, 1 Yr. Growth %	-5.03	-6.53	115.99	-33.79	-6.14
Net Income, 1 Yr. Growth %	-5.03	-6.53	115.99	-33.79	-6.14
Normalized Net Income, 1 Yr. Growth %	-5.43	32.05	44.74	-33.7	-82.02
Diluted EPS Before Extra, 1 Yr. Growth %	-2.66	6.98	-76.74	-59.95	-9.87
Common Equity, 1 Yr. Growth %	395.55	-64.57	-3.74K	18.98	0.51
Total Assets, 1 Yr. Growth %	-14.75	17.48	7.16	107.14	58.22
Tangible Book Value, 1 Yr. Growth %	257.66	263.78	-324.69	-3.7	9.13
Cash From Operations, 1 Yr. Growth %	-105.35	775.77	181.68	437.38	-0.4
Capital Expenditures, 1 Yr. Growth %	173.8	-34.69	112.88	78.34	19.54
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-6.53	44.89	48.59	63.9	45.46
Gross Profit, 2 Yr. CAGR %	-12.98	46.35	48.57	76.61	53.07
Earnings From Cont. Operations, 2 Yr. CAGR %	119.45	-5.78	42.09	19.58	-21.17
Net Income, 2 Yr. CAGR %	119.45	-5.78	42.09	19.58	-21.17
Normalized Net Income, 2 Yr. CAGR %	118.72	11.25	38.25	-4.23	-65.56
Diluted EPS Before Extra, 2 Yr. CAGR %	129.59	2.05	-50.12	-69.48	-39.92
Common Equity, 2 Yr. CAGR %	-	32.5	259.31	558.48	9.35
Total Assets, 2 Yr. CAGR %	-	0.08	12.2	48.98	81.04
Tangible Book Value, 2 Yr. CAGR %	-	260.71	185.9	47.1	2.52
Cash From Operations, 2 Yr. CAGR %	-86.34	-31.56	396.68	289.07	131.36
Capital Expenditures, 2 Yr. CAGR %	80.12	33.72	17.91	94.85	46.01
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	3.73	53.65	50.84	54.06
Gross Profit, 3 Yr. CAGR %	-	-3.55	58.61	54.61	63.43
Earnings From Cont. Operations, 3 Yr. CAGR %	-	65.12	24.23	10.16	10.31
Net Income, 3 Yr. CAGR %	-	65.12	24.23	10.16	10.31
Normalized Net Income, 3 Yr. CAGR %	-	84.31	21.45	8.26	-45.28
Diluted EPS Before Extra, 3 Yr. CAGR %	-	77.99	-48.2	-53.64	-56.21
Common Equity, 3 Yr. CAGR %	-	-	299.95	148.58	251.91
Total Assets, 3 Yr. CAGR %	-	-	2.38	37.64	52
Tangible Book Value, 3 Yr. CAGR %	-	-	208.06	98.92	33.16
Cash From Operations, 3 Yr. CAGR %	-	-45.34	9.68	409.89	147.04
Capital Expenditures, 3 Yr. CAGR %	-	28.44	56.14	35.35	65.56
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	-	-	24.56	50.32
Gross Profit, 5 Yr. CAGR %	-	-	-	22.85	56.37
Earnings From Cont. Operations, 5 Yr. CAGR %	-	-	-	45.13	3.57
Net Income, 5 Yr. CAGR %	-	-	-	45.13	3.57
Normalized Net Income, 5 Yr. CAGR %	-	-	-	43.18	-26.64
Diluted EPS Before Extra, 5 Yr. CAGR %	-	-	-	-21.32	-45.03
Common Equity, 5 Yr. CAGR %	-	-	-	-	138.09
Total Assets, 5 Yr. CAGR %	-	-	-	-	28.6
Tangible Book Value, 5 Yr. CAGR %	-	-	-	-	98.38
Cash From Operations, 5 Yr. CAGR %	-	-	-	19.84	47.84
Capital Expenditures, 5 Yr. CAGR %	-	-	-	51.74	52