BANF FY 2010 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2010 Earnings

Reported March 15, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$241M	—	$237M	—	1.8%
Op. Income	$66M	—	$49M	—	34.9%
Gross Margin	87.1%	—	79.3%	—	7.7pp
Net Margin	17.6%	—	13.8%	—	3.8pp
EPS (Diluted)	$1.35	—	$1.04	—	29.8%
Free Cash Flow	$123M	—	-$5M	—	2424.9%

Revenue Flow

Item	Amount
REVENUE	$241M
Cost of Revenue	$31M
GROSS PROFIT	$210M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$92M
SG&A Expenses	$98M
Other Expenses	$46M
Operating Expenses	$144M
Cost & Expenses	$175M
OPERATING INCOME	$66M
Interest Income	$171M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$23M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$9M
EBIT	$66M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$241M
Cost of Revenue	$31M
GROSS PROFIT	$210M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$92M
SG&A Expenses	$98M
Other Expenses	$46M
Operating Expenses	$144M
Cost & Expenses	$175M
OPERATING INCOME	$66M
Interest Income	$171M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$23M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$9M
EBIT	$66M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$9M
Stock-Based Compensation	$0
Deferred Income Tax	-$58.0K
Other Non-Cash Items	$80M
Change in Working Capital	$514.0K
OPERATING CASH FLOW	$131M
Capital Expenditure	-$8M
Acquisitions (Net)	-$37M
Purchases of Investments	-$297M
Sales/Maturities of Investments	$82M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$251M
Net Debt Issuance	$21M
Common Stock Repurchased	-$605.0K
Common Dividends Paid	-$15M
Other Financing Activities	$280M
NET CASH FROM FINANCING	$288M
FREE CASH FLOW	$123M
Net Change in Cash	$168M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$0
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$98M
Goodwill	$45M
Intangible Assets	$12M
Long-Term Investments	$3.5B
Tax Assets	$0
Other Non-Current Assets	$160M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.1B
Account Payables	$3M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$4.5B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$63M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$4.6B
Common Stock	$15M
Additional Paid-In Capital	$73M
Retained Earnings	$362M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$459M
Minority Interest	$0
TOTAL EQUITY	$459M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$70M
Net Debt	-$1.1B