ASB FY 2018 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2018 Earnings

Reported February 19, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.2B	—	24.0%
Op. Income	$413M	—	$339M	—	22.0%
Gross Margin	81.7%	—	85.9%	—	-4.1pp
Net Margin	22.2%	—	18.9%	—	3.3pp
EPS (Diluted)	$1.89	—	$1.42	—	33.1%
Free Cash Flow	$431M	—	$411M	—	4.8%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$275M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$513M
SG&A Expenses	$544M
Other Expenses	$271M
Operating Expenses	$814M
Cost & Expenses	$1.1B
OPERATING INCOME	$413M
Interest Income	$1.2B
Interest Expense	$275M
Other Income/Expenses	$0
INCOME BEFORE TAX	$413M
Income Tax Expense	$80M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$321M
D&A	$78M
EBIT	$413M
EBITDA	$491M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$275M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$31M
General & Administrative	$513M
SG&A Expenses	$544M
Other Expenses	$271M
Operating Expenses	$814M
Cost & Expenses	$1.1B
OPERATING INCOME	$413M
Interest Income	$1.2B
Interest Expense	$275M
Other Income/Expenses	$0
INCOME BEFORE TAX	$413M
Income Tax Expense	$80M
Net Income from Continuing Ops	$334M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$334M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$321M
D&A	$78M
EBIT	$413M
EBITDA	$491M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$334M
Depreciation & Amortization	$78M
Stock-Based Compensation	$0
Deferred Income Tax	$19M
Other Non-Cash Items	-$22M
Change in Working Capital	$88M
OPERATING CASH FLOW	$497M
Capital Expenditure	-$66M
Acquisitions (Net)	$59M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$350M
NET CASH FROM INVESTING	-$381M
Net Debt Issuance	$22M
Common Stock Repurchased	-$247M
Common Dividends Paid	-$106M
Other Financing Activities	$270M
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	$431M
Net Change in Cash	$161M

Balance Sheet

Item	Amount
Cash & Equivalents	$728M
Short-Term Investments	$3.9B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.7B
PP&E (Net)	$363M
Goodwill	$1.2B
Intangible Assets	$144M
Long-Term Investments	$25.8B
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$28.9B
TOTAL ASSETS	$33.6B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$25.0B
TOTAL CURRENT LIABILITIES	$26.5B
Long-Term Debt	$3.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$88M
TOTAL NON-CURRENT LIABILITIES	$3.4B
TOTAL LIABILITIES	$29.9B
Common Stock	$2M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.2B
Treasury Stock	-$247M
Accum. Other Comp. Income	-$125M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$33.6B
Total Debt	$4.5B
Net Debt	$3.8B