ASB FY 2013 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2013 Earnings

Reported February 5, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$1.0B	—	$1.0B	—	-0.9%
Op. Income	$268M	—	$254M	—	5.3%
Gross Margin	92.8%	—	90.1%	—	2.7pp
Net Margin	18.5%	—	17.3%	—	1.1pp
EPS (Diluted)	$1.10	—	$1.00	—	10.0%
Free Cash Flow	$410M	—	$267M	—	53.9%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$74M
GROSS PROFIT	$949M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$416M
SG&A Expenses	$440M
Other Expenses	$241M
Operating Expenses	$681M
Cost & Expenses	$754M
OPERATING INCOME	$268M
Interest Income	$709M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$268M
Income Tax Expense	$79M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$189M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$114M
EBIT	$268M
EBITDA	$382M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$74M
GROSS PROFIT	$949M
R&D Expenses	$0
Selling & Marketing	$23M
General & Administrative	$416M
SG&A Expenses	$440M
Other Expenses	$241M
Operating Expenses	$681M
Cost & Expenses	$754M
OPERATING INCOME	$268M
Interest Income	$709M
Interest Expense	$63M
Other Income/Expenses	$0
INCOME BEFORE TAX	$268M
Income Tax Expense	$79M
Net Income from Continuing Ops	$189M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$189M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$114M
EBIT	$268M
EBITDA	$382M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$189M
Depreciation & Amortization	$114M
Stock-Based Compensation	$0
Deferred Income Tax	$26M
Other Non-Cash Items	$149M
Change in Working Capital	-$136.0K
OPERATING CASH FLOW	$478M
Capital Expenditure	-$68M
Acquisitions (Net)	$0
Purchases of Investments	-$2.1B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$529M
NET CASH FROM INVESTING	-$1.3B
Net Debt Issuance	$487M
Common Stock Repurchased	-$123M
Common Dividends Paid	-$55M
Other Financing Activities	$329M
NET CASH FROM FINANCING	$640M
FREE CASH FLOW	$410M
Net Change in Cash	-$136M

Balance Sheet

Item	Amount
Cash & Equivalents	$582M
Short-Term Investments	$5.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.8B
PP&E (Net)	$271M
Goodwill	$929M
Intangible Assets	$74M
Long-Term Investments	$15.9B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$18.4B
TOTAL ASSETS	$24.2B
Account Payables	$0
Short-Term Debt	$741M
Deferred Revenue	$0
Other Current Liabilities	$17.3B
TOTAL CURRENT LIABILITIES	$18.2B
Long-Term Debt	$3.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.1B
TOTAL LIABILITIES	$21.3B
Common Stock	$2M
Additional Paid-In Capital	$1.6B
Retained Earnings	$1.4B
Treasury Stock	-$159M
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.9B
Minority Interest	$0
TOTAL EQUITY	$2.9B
TOTAL LIABILITIES & EQUITY	$24.2B
Total Debt	$3.8B
Net Debt	$3.2B