ASB FY 2014 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2014 Earnings

Reported February 5, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.0B	—	$1.0B	—	0.5%
Op. Income	$276M	—	$268M	—	3.0%
Gross Margin	93.0%	—	92.8%	—	0.2pp
Net Margin	18.5%	—	18.5%	—	0.1pp
EPS (Diluted)	$1.16	—	$1.10	—	5.5%
Free Cash Flow	$149M	—	$410M	—	-63.7%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$72M
GROSS PROFIT	$956M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$414M
SG&A Expenses	$440M
Other Expenses	$239M
Operating Expenses	$680M
Cost & Expenses	$752M
OPERATING INCOME	$276M
Interest Income	$737M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$276M
Income Tax Expense	$86M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$191M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$93M
EBIT	$276M
EBITDA	$369M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$72M
GROSS PROFIT	$956M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$414M
SG&A Expenses	$440M
Other Expenses	$239M
Operating Expenses	$680M
Cost & Expenses	$752M
OPERATING INCOME	$276M
Interest Income	$737M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$276M
Income Tax Expense	$86M
Net Income from Continuing Ops	$191M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$191M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$184M
D&A	$93M
EBIT	$276M
EBITDA	$369M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$191M
Depreciation & Amortization	$93M
Stock-Based Compensation	$0
Deferred Income Tax	$10M
Other Non-Cash Items	-$91M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$200M
Capital Expenditure	-$50M
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$970M
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$1.2B
Common Stock Repurchased	-$263M
Common Dividends Paid	-$59M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$2.3B
FREE CASH FLOW	$149M
Net Change in Cash	$430M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$5.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.4B
PP&E (Net)	$275M
Goodwill	$929M
Intangible Assets	$68M
Long-Term Investments	$17.9B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$20.4B
TOTAL ASSETS	$26.8B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$18.8B
TOTAL CURRENT LIABILITIES	$20.1B
Long-Term Debt	$3.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.9B
TOTAL LIABILITIES	$24.0B
Common Stock	$2M
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.5B
Treasury Stock	-$239M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$26.8B
Total Debt	$5.0B
Net Debt	$4.0B