ASB FY 2016 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2016 Earnings

Reported February 6, 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	$1.1B	—	$1.1B	—	5.7%
Op. Income	$288M	—	$270M	—	6.6%
Gross Margin	86.5%	—	89.4%	—	-2.9pp
Net Margin	17.5%	—	17.4%	—	0.1pp
EPS (Diluted)	$1.26	—	$1.19	—	5.9%
Free Cash Flow	$538M	—	$247M	—	118.0%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$154M
GROSS PROFIT	$990M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$459M
SG&A Expenses	$486M
Other Expenses	$217M
Operating Expenses	$703M
Cost & Expenses	$857M
OPERATING INCOME	$288M
Interest Income	$792M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$288M
Income Tax Expense	$87M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$191M
D&A	$106M
EBIT	$288M
EBITDA	$394M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$154M
GROSS PROFIT	$990M
R&D Expenses	$0
Selling & Marketing	$26M
General & Administrative	$459M
SG&A Expenses	$486M
Other Expenses	$217M
Operating Expenses	$703M
Cost & Expenses	$857M
OPERATING INCOME	$288M
Interest Income	$792M
Interest Expense	$84M
Other Income/Expenses	$0
INCOME BEFORE TAX	$288M
Income Tax Expense	$87M
Net Income from Continuing Ops	$200M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$200M
Net Income Deductions	-$2M
BOTTOM LINE NET INCOME	$191M
D&A	$106M
EBIT	$288M
EBITDA	$394M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$200M
Depreciation & Amortization	$106M
Stock-Based Compensation	$0
Deferred Income Tax	$16M
Other Non-Cash Items	$305M
Change in Working Capital	$14M
OPERATING CASH FLOW	$641M
Capital Expenditure	-$104M
Acquisitions (Net)	-$685.0K
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$343M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$68M
Other Financing Activities	$881M
NET CASH FROM FINANCING	$1.2B
FREE CASH FLOW	$538M
Net Change in Cash	$169M

Balance Sheet

Item	Amount
Cash & Equivalents	$596M
Short-Term Investments	$4.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.3B
PP&E (Net)	$330M
Goodwill	$972M
Intangible Assets	$77M
Long-Term Investments	$21.2B
Tax Assets	$0
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$23.9B
TOTAL ASSETS	$29.1B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$21.9B
TOTAL CURRENT LIABILITIES	$23.3B
Long-Term Debt	$2.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.8B
TOTAL LIABILITIES	$26.0B
Common Stock	$2M
Additional Paid-In Capital	$1.5B
Retained Earnings	$1.7B
Treasury Stock	-$171M
Accum. Other Comp. Income	-$55M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.1B
Minority Interest	$0
TOTAL EQUITY	$3.1B
TOTAL LIABILITIES & EQUITY	$29.1B
Total Debt	$3.9B
Net Debt	$3.3B