BANF FY 2011 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2011 Earnings

Reported March 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$259M	—	$241M	—	7.5%
Op. Income	$71M	—	$66M	—	7.7%
Gross Margin	88.6%	—	87.1%	—	1.5pp
Net Margin	17.6%	—	17.6%	—	0.1pp
EPS (Diluted)	$1.47	—	$1.35	—	8.9%
Free Cash Flow	$46M	—	$123M	—	-62.7%

Revenue Flow

Item	Amount
REVENUE	$259M
Cost of Revenue	$30M
GROSS PROFIT	$229M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$96M
SG&A Expenses	$102M
Other Expenses	$56M
Operating Expenses	$159M
Cost & Expenses	$188M
OPERATING INCOME	$71M
Interest Income	$182M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$25M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$10M
EBIT	$71M
EBITDA	$80M
EPS	$2
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$259M
Cost of Revenue	$30M
GROSS PROFIT	$229M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$96M
SG&A Expenses	$102M
Other Expenses	$56M
Operating Expenses	$159M
Cost & Expenses	$188M
OPERATING INCOME	$71M
Interest Income	$182M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$25M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$10M
EBIT	$71M
EBITDA	$80M
EPS	$2
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$10M
Stock-Based Compensation	$3M
Deferred Income Tax	-$5M
Other Non-Cash Items	$6M
Change in Working Capital	$3M
OPERATING CASH FLOW	$62M
Capital Expenditure	-$16M
Acquisitions (Net)	$28M
Purchases of Investments	-$293M
Sales/Maturities of Investments	$461M
Other Investing Activities	-$39M
NET CASH FROM INVESTING	$140M
Net Debt Issuance	-$35M
Common Stock Repurchased	-$11M
Common Dividends Paid	-$16M
Other Financing Activities	$361M
NET CASH FROM FINANCING	$301M
FREE CASH FLOW	$46M
Net Change in Cash	$504M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.7B
Short-Term Investments	$0
Net Receivables	$19M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$111M
Goodwill	$45M
Intangible Assets	$14M
Long-Term Investments	$3.6B
Tax Assets	$0
Other Non-Current Assets	$121M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$5.6B
Account Payables	$3M
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$5.0B
TOTAL CURRENT LIABILITIES	$5.1B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$69M
TOTAL LIABILITIES	$5.1B
Common Stock	$15M
Additional Paid-In Capital	$77M
Retained Earnings	$381M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$483M
Minority Interest	$0
TOTAL EQUITY	$483M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$71M
Net Debt	-$1.6B