ASB FY 2020 Earnings Report — Associated Banc-Corp Revenue & Financial Results | Market Cap Arena

Associated Banc-CorpASB

FY 2020 Earnings

Reported February 9, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.5B	—	-8.9%
Op. Income	$327M	—	$407M	—	-19.6%
Gross Margin	77.0%	—	77.1%	—	-0.2pp
Net Margin	21.8%	—	21.2%	—	0.6pp
EPS (Diluted)	$1.86	—	$1.91	—	-2.6%
Free Cash Flow	$495M	—	$507M	—	-2.3%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$324M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$453M
SG&A Expenses	$471M
Other Expenses	$285M
Operating Expenses	$756M
Cost & Expenses	$1.1B
OPERATING INCOME	$327M
Interest Income	$913M
Interest Expense	$150M
Other Income/Expenses	$0
INCOME BEFORE TAX	$327M
Income Tax Expense	$20M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$108M
EBIT	$327M
EBITDA	$435M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$324M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$18M
General & Administrative	$453M
SG&A Expenses	$471M
Other Expenses	$285M
Operating Expenses	$756M
Cost & Expenses	$1.1B
OPERATING INCOME	$327M
Interest Income	$913M
Interest Expense	$150M
Other Income/Expenses	$0
INCOME BEFORE TAX	$327M
Income Tax Expense	$20M
Net Income from Continuing Ops	$307M
Net Income from Discontinued Ops	$0
Other Adjustments	-$1.0K
NET INCOME	$307M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$288M
D&A	$108M
EBIT	$327M
EBITDA	$435M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$307M
Depreciation & Amortization	$108M
Stock-Based Compensation	$0
Deferred Income Tax	$26M
Other Non-Cash Items	$278M
Change in Working Capital	-$168M
OPERATING CASH FLOW	$550M
Capital Expenditure	-$55M
Acquisitions (Net)	$225M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$1.6B
NET CASH FROM INVESTING	-$794M
Net Debt Issuance	-$1.8B
Common Stock Repurchased	-$77M
Common Dividends Paid	-$112M
Other Financing Activities	$2.3B
NET CASH FROM FINANCING	$371M
FREE CASH FLOW	$495M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$716M
Short-Term Investments	$3.1B
Net Receivables	$90M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$419M
Goodwill	$1.1B
Intangible Assets	$110M
Long-Term Investments	$26.4B
Tax Assets	$0
Other Non-Current Assets	$1.5B
TOTAL NON-CURRENT ASSETS	$29.5B
TOTAL ASSETS	$33.4B
Account Payables	$0
Short-Term Debt	$252M
Deferred Revenue	$0
Other Current Liabilities	$26.5B
TOTAL CURRENT LIABILITIES	$27.1B
Long-Term Debt	$2.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$48M
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$29.3B
Common Stock	$2M
Additional Paid-In Capital	$1.7B
Retained Earnings	$2.5B
Treasury Stock	-$456M
Accum. Other Comp. Income	$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$33.4B
Total Debt	$2.4B
Net Debt	$1.7B