BANF FY 2018 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$428M	—	$366M	—	17.0%
Op. Income	$160M	—	$136M	—	17.2%
Gross Margin	89.1%	—	92.0%	—	-2.8pp
Net Margin	29.4%	—	23.6%	—	5.8pp
EPS (Diluted)	$3.76	—	$2.65	—	41.9%
Free Cash Flow	$88M	—	$92M	—	-3.9%

Revenue Flow

Item	Amount
REVENUE	$428M
Cost of Revenue	$47M
GROSS PROFIT	$382M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$142M
SG&A Expenses	$150M
Other Expenses	$72M
Operating Expenses	$222M
Cost & Expenses	$269M
OPERATING INCOME	$160M
Interest Income	$303M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$34M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$14M
EBIT	$160M
EBITDA	$173M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$428M
Cost of Revenue	$47M
GROSS PROFIT	$382M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$142M
SG&A Expenses	$150M
Other Expenses	$72M
Operating Expenses	$222M
Cost & Expenses	$269M
OPERATING INCOME	$160M
Interest Income	$303M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$160M
Income Tax Expense	$34M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$14M
EBIT	$160M
EBITDA	$173M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$14M
Stock-Based Compensation	$1M
Deferred Income Tax	$3M
Other Non-Cash Items	-$2M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$52M
Acquisitions (Net)	$6M
Purchases of Investments	-$469M
Sales/Maturities of Investments	$161M
Other Investing Activities	$60M
NET CASH FROM INVESTING	-$294M
Net Debt Issuance	-$4M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$30M
Other Financing Activities	-$140M
NET CASH FROM FINANCING	-$180M
FREE CASH FLOW	$88M
Net Change in Cash	-$334M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$771M
Net Receivables	$168M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$174M
Goodwill	$80M
Intangible Assets	$16M
Long-Term Investments	$4.9B
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$5.2B
TOTAL ASSETS	$7.6B
Account Payables	$37M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$6.7B
Common Stock	$33M
Additional Paid-In Capital	$150M
Retained Earnings	$723M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$903M
Minority Interest	$0
TOTAL EQUITY	$903M
TOTAL LIABILITIES & EQUITY	$7.6B
Total Debt	$28M
Net Debt	-$1.4B