ASB FY 2006 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2006 Earnings

Reported February 28, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$1.6B	—	—	—	—
Op. Income	$450M	—	—	—	—
Gross Margin	60.1%	—	—	—	—
Net Margin	20.1%	—	—	—	—
EPS (Diluted)	$2.38	—	—	—	—
Free Cash Flow	$312M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$629M
GROSS PROFIT	$946M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$283M
SG&A Expenses	$300M
Other Expenses	$196M
Operating Expenses	$496M
Cost & Expenses	$1.1B
OPERATING INCOME	$450M
Interest Income	$1.3B
Interest Expense	$610M
Other Income/Expenses	$0
INCOME BEFORE TAX	$450M
Income Tax Expense	$133M
Net Income from Continuing Ops	$317M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$317M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$317M
D&A	$65M
EBIT	$450M
EBITDA	$515M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.6B
Cost of Revenue	$629M
GROSS PROFIT	$946M
R&D Expenses	$0
Selling & Marketing	$17M
General & Administrative	$283M
SG&A Expenses	$300M
Other Expenses	$196M
Operating Expenses	$496M
Cost & Expenses	$1.1B
OPERATING INCOME	$450M
Interest Income	$1.3B
Interest Expense	$610M
Other Income/Expenses	$0
INCOME BEFORE TAX	$450M
Income Tax Expense	$133M
Net Income from Continuing Ops	$317M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$317M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$317M
D&A	$65M
EBIT	$450M
EBITDA	$515M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$317M
Depreciation & Amortization	$65M
Stock-Based Compensation	$0
Deferred Income Tax	$20M
Other Non-Cash Items	-$42M
Change in Working Capital	-$30M
OPERATING CASH FLOW	$330M
Capital Expenditure	-$18M
Acquisitions (Net)	$0
Purchases of Investments	-$1.0B
Sales/Maturities of Investments	$2.3B
Other Investing Activities	-$53M
NET CASH FROM INVESTING	$1.2B
Net Debt Issuance	-$1.9B
Common Stock Repurchased	$0
Common Dividends Paid	-$151M
Other Financing Activities	$746M
NET CASH FROM FINANCING	-$1.5B
FREE CASH FLOW	$312M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$469M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$469M
PP&E (Net)	$196M
Goodwill	$872M
Intangible Assets	$109M
Long-Term Investments	$18.5B
Tax Assets	$0
Other Non-Current Assets	$730M
TOTAL NON-CURRENT ASSETS	$20.4B
TOTAL ASSETS	$20.9B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$14.3B
TOTAL CURRENT LIABILITIES	$16.4B
Long-Term Debt	$2.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$186M
TOTAL NON-CURRENT LIABILITIES	$2.3B
TOTAL LIABILITIES	$18.6B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.2B
Treasury Stock	-$50M
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$20.9B
Total Debt	$4.1B
Net Debt	$3.6B