BANF FY 2009 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2009 Earnings

Reported March 16, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$237M	—	$272M	—	-13.1%
Op. Income	$49M	—	$68M	—	-28.2%
Gross Margin	79.3%	—	74.5%	—	4.9pp
Net Margin	13.8%	—	16.3%	—	-2.5pp
EPS (Diluted)	$1.04	—	$1.42	—	-26.8%
Free Cash Flow	-$5M	—	$47M	—	-111.3%

Revenue Flow

Item	Amount
REVENUE	$237M
Cost of Revenue	$49M
GROSS PROFIT	$188M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$90M
SG&A Expenses	$96M
Other Expenses	$43M
Operating Expenses	$139M
Cost & Expenses	$188M
OPERATING INCOME	$49M
Interest Income	$170M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$16M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$8M
EBIT	$49M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$237M
Cost of Revenue	$49M
GROSS PROFIT	$188M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$90M
SG&A Expenses	$96M
Other Expenses	$43M
Operating Expenses	$139M
Cost & Expenses	$188M
OPERATING INCOME	$49M
Interest Income	$170M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$16M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$8M
EBIT	$49M
EBITDA	$57M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$8M
Stock-Based Compensation	$0
Deferred Income Tax	$467.0K
Other Non-Cash Items	-$42M
Change in Working Capital	$787.0K
OPERATING CASH FLOW	$706.0K
Capital Expenditure	-$6M
Acquisitions (Net)	-$5M
Purchases of Investments	-$94M
Sales/Maturities of Investments	$124M
Other Investing Activities	$38M
NET CASH FROM INVESTING	$57M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$14M
Other Financing Activities	$551M
NET CASH FROM FINANCING	$526M
FREE CASH FLOW	-$5M
Net Change in Cash	$583M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$92M
Goodwill	$35M
Intangible Assets	$7M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.4B
Account Payables	$4M
Short-Term Debt	$100.0K
Deferred Revenue	$0
Other Current Liabilities	$3.9B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$52M
TOTAL LIABILITIES	$4.0B
Common Stock	$15M
Additional Paid-In Capital	$70M
Retained Earnings	$335M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$431M
Minority Interest	$0
TOTAL EQUITY	$431M
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$27M
Net Debt	-$1.0B