Merchants Bancorp

MBINO

MBINOMerchants Bancorp US flag

NASDAQ Capital Market

25.00

USD

-0.01

- -

1.12BMarket Cap

Income Statement (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Sales/Revenue/Turnover	66	78	110	135	165	343	428	440	559
+ Sales & Services Revenue	66	78	110	135	165	343	428	440	559
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	13	15	22	33	41	65	88	93	122
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-13	-15	-22	-33	-41	-65	-88	-93	-122
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-47	-55	-77	-84	-102	-243	-305	-291	-348
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-47	-55	-77	-84	-102	-243	-305	-291	-348
Pretax Income	47	55	77	84	102	243	305	291	348
- Income Tax Expense (Benefit)	19	22	22	21	25	63	78	71	69
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	28	33	55	63	77	181	227	220	279
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	28	33	55	63	77	181	227	220	279
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	28	33	55	63	77	181	227	220	279
- Preferred Dividends	- -	2	3	3	9	14	21	26	35
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	28	31	51	60	68	166	206	194	245
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	- -	- -	- -	- -	1	2	2	2	3
EBITDA Margin (%)	0.45	0.36	0.27	0.34	0.52	0.55	0.51	0.57	0.51
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	42.79	42.35	49.63	46.6	46.91	52.71	53.1	49.96	49.92
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	1	2	2	2	3
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -

Balance Sheet (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	701	772	768	668	797	450	1,343	550	1,698
+ Cash & Cash Equivalents	447	446	360	337	507	180	1,033	226	584
+ ST Investments	254	326	408	331	290	270	311	323	1,114
+ Accounts & Notes Receiv	5	5	8	14	18	22	24	56	91
+ Accounts Receivable, Net	5	5	8	14	18	22	24	56	91
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-706	-777	-776	-681	-815	-471	-1,367	-606	-1,789
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	4	5	5	15	29	30	31	35	42
+ Property, Plant & Equip	7	7	8	18	32	35	38	44	54
- Accumulated Depreciation	3	3	3	3	3	5	7	9	11
+ LT Investments & Receivables	362	464	549	494	560	609	880	1,597	2,429
+ LT Investments	362	464	549	494	560	609	880	1,597	2,429
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-366	-468	-555	-510	-589	-638	-911	-1,632	-2,471
+ Total Intangible Assets	56	54	71	99	94	101	128	163	175
+ Goodwill	1	1	4	17	16	16	16	16	16
+ Other Intangible Assets	56	54	68	81	78	85	112	147	159
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-422	-523	-626	-608	-683	-739	-1,039	-1,795	-2,646
Total Assets	2,269	2,719	3,393	3,884	6,372	9,645	11,279	12,615	16,953
+ Payables & Accruals	2	2	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	2	2	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	25	25	25	33	7	- -	300	30	- -
+ ST Borrowings	25	25	25	33	7	- -	300	30	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-27	-27	-25	-33	-7	- -	-300	-30	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-27	-27	-25	-33	-7	- -	-300	-30	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	32	32	32	162	175	1,236	874	910	964
+ LT Borrowings	32	32	32	162	175	1,236	874	910	964
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-32	-32	-32	-162	-175	-1,236	-874	-910	-964
+ Accrued Liabilities	18	17	12	15	17	20	19	20	20
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-51	-49	-44	-178	-192	-1,256	-893	-930	-984
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	2,121	2,512	3,026	3,463	5,718	8,835	10,123	11,155	15,251
+ Preferred Equity and Hybrid Capital	10	42	42	42	213	213	362	500	500
+ Share Capital & APIC	20	20	135	135	136	136	138	138	140
+ Common Stock	20	20	135	135	136	136	138	138	140
+ Additional Paid in Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	118	145	192	245	305	462	657	833	1,064
+ Other Equity	- -	-1	-1	- -	- -	- -	-1	-11	-2
Equity Before Minority Interest	148	206	367	421	654	811	1,155	1,460	1,701
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	148	206	367	421	654	811	1,155	1,460	1,701
Total Liabilities & Equity	2,269	2,719	3,393	3,884	6,372	9,645	11,279	12,615	16,953
Shares Outstanding	41	41	43	43	43	43	43	43	43
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-389	-389	-303	-141	-325	1,056	141	714	380
Net Debt to Equity	-262.69	-188.42	-82.43	-33.49	-49.76	130.31	12.23	48.93	22.32
Tangible Common Equity Ratio	3.71	4.15	7.66	7.42	5.53	5.21	5.97	6.4	6.12
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023

+ Net Income	28	33	55	63	77	181	227	220	279
+ Depreciation & Amortization	- -	- -	- -	- -	1	2	2	2	3
+ Non-Cash Items	116	-141	-238	169	-1,249	-974	-45	355	-638
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	-1	-2	2	-1	-1	5	5	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	116	-140	-236	167	-1,248	-974	-51	350	-636
+ Chg in Non-Cash Work Cap	-27	-42	7	-28	-86	-83	-233	399	- -
+ (Inc) Dec in Accts Receiv	- -	-16	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	4	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	-27	-30	7	-28	-86	-83	-233	399	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	118	-150	-176	204	-1,257	-875	-49	976	-356
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-3	-2	-16	-14	-4	-4	-9	-8
+ Acq of Fixed Prod Assets	- -	-1	-1	-9	-14	-4	-4	-7	-8
+ Acq of Intangible Assets	-1	-1	-1	-6	- -	- -	- -	-2	- -
+ Cash (Repurchase) of Equity	4	- -	106	- -	- -	- -	- -	-4	- -
+ Increase in Capital Stock	4	- -	106	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	-4	- -
+ Net Change in LT Investment	-32	-83	-86	144	41	27	-56	-1,159	-905
+ Dec in LT Investment	329	218	117	195	690	628	177	159	699
+ Inc in LT Investment	-361	-302	-202	-51	-649	-601	-232	-1,319	-1,604
+ Net Cash From Acq & Div	- -	- -	-2	-14	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	-2	-14	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-316	-180	-433	-623	-985	-2,555	-414	-1,695	-2,348
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-349	-265	-523	-509	-958	-2,532	-474	-2,863	-3,260
+ Dividends Paid	-4	-6	-8	-10	-17	-24	-31	-38	-49
+ Net Cash From Debt	10	- -	- -	138	-14	1,167	-314	-104	33
+ Cash From Debt	299	220	754	1,108	8,924	61,091	31,473	65,782	95,789
+ Repayments of Debt	-289	-220	-755	-971	-8,938	-59,924	-31,788	-65,885	-95,756
+ Other Financing Activities	439	421	515	154	2,416	1,937	1,722	1,226	3,990
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	448	414	613	282	2,385	3,080	1,376	1,081	3,975
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	217	-1	-86	-23	170	-327	853	-806	358
EBITDA	- -	- -	- -	- -	1	2	2	2	3
EBITDA Margin (%)	0.45	0.36	0.27	0.34	0.52	0.55	0.51	0.57	0.51
Free Cash Flow	117	-152	-178	189	-1,271	-879	-53	967	-364
Net Cash Paid for Acquisitions	- -	- -	2	14	- -	- -	- -	- -	- -
Free Cash Flow to Firm	117	-152	-178	189	-1,271	-879	-53	967	-364
Free Cash Flow to Equity	- -	-122	-180	330	-1,123	274	-239	977	-365
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow to Net Income	4.17	-4.52	-3.22	3.25	-16.26	-4.85	-0.22	4.44	-1.28
Capital Expenditures	-1	-3	-2	-16	-14	-4	-4	-9	-8