BANF FY 2014 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2014 Earnings

Reported March 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$291M	—	$267M	—	8.6%
Op. Income	$91M	—	$81M	—	12.8%
Gross Margin	94.5%	—	94.4%	—	0.2pp
Net Margin	22.0%	—	20.3%	—	1.7pp
EPS (Diluted)	$2.02	—	$1.75	—	15.4%
Free Cash Flow	$65M	—	$64M	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$291M
Cost of Revenue	$16M
GROSS PROFIT	$275M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$112M
SG&A Expenses	$119M
Other Expenses	$65M
Operating Expenses	$184M
Cost & Expenses	$199M
OPERATING INCOME	$91M
Interest Income	$194M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$27M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$11M
EBIT	$91M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$291M
Cost of Revenue	$16M
GROSS PROFIT	$275M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$112M
SG&A Expenses	$119M
Other Expenses	$65M
Operating Expenses	$184M
Cost & Expenses	$199M
OPERATING INCOME	$91M
Interest Income	$194M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$27M
Net Income from Continuing Ops	$64M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$64M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$11M
EBIT	$91M
EBITDA	$103M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$64M
Depreciation & Amortization	$11M
Stock-Based Compensation	$2M
Deferred Income Tax	-$4M
Other Non-Cash Items	$4M
Change in Working Capital	-$642.0K
OPERATING CASH FLOW	$77M
Capital Expenditure	-$11M
Acquisitions (Net)	$174M
Purchases of Investments	-$225M
Sales/Maturities of Investments	$234M
Other Investing Activities	-$356M
NET CASH FROM INVESTING	-$183M
Net Debt Issuance	-$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$20M
Other Financing Activities	$183M
NET CASH FROM FINANCING	$163M
FREE CASH FLOW	$65M
Net Change in Cash	$56M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$0
Net Receivables	$132M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$121M
Goodwill	$45M
Intangible Assets	$11M
Long-Term Investments	$4.3B
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$6.6B
Account Payables	$30M
Short-Term Debt	$4M
Deferred Revenue	$0
Other Current Liabilities	$5.9B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$6.0B
Common Stock	$16M
Additional Paid-In Capital	$97M
Retained Earnings	$493M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$609M
Minority Interest	$0
TOTAL EQUITY	$609M
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$31M
Net Debt	-$1.9B