BANF FY 2012 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2012 Earnings

Reported March 18, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$270M	—	$259M	—	4.4%
Op. Income	$79M	—	$71M	—	11.8%
Gross Margin	92.3%	—	88.6%	—	3.7pp
Net Margin	19.2%	—	17.6%	—	1.6pp
EPS (Diluted)	$1.68	—	$1.47	—	14.3%
Free Cash Flow	$47M	—	$46M	—	1.8%

Revenue Flow

Item	Amount
REVENUE	$270M
Cost of Revenue	$21M
GROSS PROFIT	$249M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$102M
SG&A Expenses	$110M
Other Expenses	$61M
Operating Expenses	$170M
Cost & Expenses	$191M
OPERATING INCOME	$79M
Interest Income	$183M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$79M
Income Tax Expense	$27M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$11M
EBIT	$79M
EBITDA	$90M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$270M
Cost of Revenue	$21M
GROSS PROFIT	$249M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$102M
SG&A Expenses	$110M
Other Expenses	$61M
Operating Expenses	$170M
Cost & Expenses	$191M
OPERATING INCOME	$79M
Interest Income	$183M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$79M
Income Tax Expense	$27M
Net Income from Continuing Ops	$52M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$52M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$52M
D&A	$11M
EBIT	$79M
EBITDA	$90M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$52M
Depreciation & Amortization	$11M
Stock-Based Compensation	$2M
Deferred Income Tax	-$689.0K
Other Non-Cash Items	-$5M
Change in Working Capital	$2M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$13M
Acquisitions (Net)	$0
Purchases of Investments	-$109M
Sales/Maturities of Investments	$160M
Other Investing Activities	-$224M
NET CASH FROM INVESTING	-$186M
Net Debt Issuance	-$22M
Common Stock Repurchased	-$256.0K
Common Dividends Paid	-$21M
Other Financing Activities	$403M
NET CASH FROM FINANCING	$363M
FREE CASH FLOW	$47M
Net Change in Cash	$237M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$129M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$116M
Goodwill	$45M
Intangible Assets	$12M
Long-Term Investments	$3.8B
Tax Assets	$0
Other Non-Current Assets	$10M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$6.0B
Account Payables	$21M
Short-Term Debt	$5M
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$5.5B
Common Stock	$15M
Additional Paid-In Capital	$82M
Retained Earnings	$416M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$520M
Minority Interest	$0
TOTAL EQUITY	$520M
TOTAL LIABILITIES & EQUITY	$6.0B
Total Debt	$41M
Net Debt	-$1.9B