ASB FY 2008 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2008 Earnings

Reported February 26, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.6B	—	-12.8%
Op. Income	$222M	—	$419M	—	-47.0%
Gross Margin	55.2%	—	58.9%	—	-3.7pp
Net Margin	11.9%	—	17.6%	—	-5.7pp
EPS (Diluted)	$1.29	—	$2.23	—	-42.2%
Free Cash Flow	$406M	—	$257M	—	58.4%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$633M
GROSS PROFIT	$780M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$371M
SG&A Expenses	$392M
Other Expenses	$165M
Operating Expenses	$557M
Cost & Expenses	$1.2B
OPERATING INCOME	$222M
Interest Income	$1.1B
Interest Expense	$431M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$54M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$35M
EBIT	$222M
EBITDA	$257M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$633M
GROSS PROFIT	$780M
R&D Expenses	$0
Selling & Marketing	$21M
General & Administrative	$371M
SG&A Expenses	$392M
Other Expenses	$165M
Operating Expenses	$557M
Cost & Expenses	$1.2B
OPERATING INCOME	$222M
Interest Income	$1.1B
Interest Expense	$431M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$54M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$165M
D&A	$35M
EBIT	$222M
EBITDA	$257M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$168M
Depreciation & Amortization	$35M
Stock-Based Compensation	$0
Deferred Income Tax	-$42M
Other Non-Cash Items	$270M
Change in Working Capital	$6M
OPERATING CASH FLOW	$438M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$943M
NET CASH FROM INVESTING	-$2.5B
Net Debt Issuance	$475M
Common Stock Repurchased	$0
Common Dividends Paid	-$162M
Other Financing Activities	$1.7B
NET CASH FROM FINANCING	$2.0B
FREE CASH FLOW	$406M
Net Change in Cash	-$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$546M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$546M
PP&E (Net)	$191M
Goodwill	$929M
Intangible Assets	$80M
Long-Term Investments	$21.2B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$23.6B
TOTAL ASSETS	$24.2B
Account Payables	$0
Short-Term Debt	$3.7B
Deferred Revenue	$0
Other Current Liabilities	$15.2B
TOTAL CURRENT LIABILITIES	$19.5B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$21.3B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	$55.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$24.2B
Total Debt	$5.6B
Net Debt	$5.0B