ABCB FY 2016 Earnings Report — Ameris Bancorp Revenue & Financial Results | Market Cap Arena

Ameris BancorpABCB

FY 2016 Earnings

Reported February 27, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$339M	—	$258M	—	31.1%
Op. Income	$105M	—	$57M	—	85.5%
Gross Margin	93.0%	—	92.2%	—	0.8pp
Net Margin	21.3%	—	15.8%	—	5.5pp
EPS (Diluted)	$2.08	—	$1.27	—	63.8%
Free Cash Flow	-$81M	—	-$38M	—	-113.6%

Revenue Flow

Item	Amount
REVENUE	$339M
Cost of Revenue	$24M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$111M
SG&A Expenses	$115M
Other Expenses	$95M
Operating Expenses	$210M
Cost & Expenses	$233M
OPERATING INCOME	$105M
Interest Income	$239M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$33M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$14M
EBIT	$105M
EBITDA	$119M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$339M
Cost of Revenue	$24M
GROSS PROFIT	$315M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$111M
SG&A Expenses	$115M
Other Expenses	$95M
Operating Expenses	$210M
Cost & Expenses	$233M
OPERATING INCOME	$105M
Interest Income	$239M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$33M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$14M
EBIT	$105M
EBITDA	$119M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	$847.0K
Other Non-Cash Items	-$155M
Change in Working Capital	-$4M
OPERATING CASH FLOW	-$70M
Capital Expenditure	-$11M
Acquisitions (Net)	-$7M
Purchases of Investments	-$219M
Sales/Maturities of Investments	$207M
Other Investing Activities	-$773M
NET CASH FROM INVESTING	-$803M
Net Debt Issuance	$405M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$9M
Other Financing Activities	$285M
NET CASH FROM FINANCING	$680M
FREE CASH FLOW	-$81M
Net Change in Cash	-$192M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$823M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$121M
Goodwill	$126M
Intangible Assets	$17M
Long-Term Investments	$5.4B
Tax Assets	$41M
Other Non-Current Assets	$190M
TOTAL NON-CURRENT ASSETS	$5.9B
TOTAL ASSETS	$6.9B
Account Payables	$0
Short-Term Debt	$92M
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$538M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$578M
TOTAL LIABILITIES	$6.2B
Common Stock	$36M
Additional Paid-In Capital	$410M
Retained Earnings	$214M
Treasury Stock	-$14M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$646M
Minority Interest	$0
TOTAL EQUITY	$646M
TOTAL LIABILITIES & EQUITY	$6.9B
Total Debt	$630M
Net Debt	$432M