BANF FY 2019 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$474M	—	$428M	—	10.6%
Op. Income	$170M	—	$160M	—	6.1%
Gross Margin	86.7%	—	89.1%	—	-2.4pp
Net Margin	28.5%	—	29.4%	—	-0.9pp
EPS (Diluted)	$4.05	—	$3.76	—	7.7%
Free Cash Flow	$132M	—	$88M	—	49.6%

Revenue Flow

Item	Amount
REVENUE	$474M
Cost of Revenue	$63M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$154M
SG&A Expenses	$163M
Other Expenses	$79M
Operating Expenses	$241M
Cost & Expenses	$304M
OPERATING INCOME	$170M
Interest Income	$337M
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$170M
Income Tax Expense	$35M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$16M
EBIT	$170M
EBITDA	$186M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$474M
Cost of Revenue	$63M
GROSS PROFIT	$411M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$154M
SG&A Expenses	$163M
Other Expenses	$79M
Operating Expenses	$241M
Cost & Expenses	$304M
OPERATING INCOME	$170M
Interest Income	$337M
Interest Expense	$55M
Other Income/Expenses	$0
INCOME BEFORE TAX	$170M
Income Tax Expense	$35M
Net Income from Continuing Ops	$135M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$135M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$135M
D&A	$16M
EBIT	$170M
EBITDA	$186M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$135M
Depreciation & Amortization	$16M
Stock-Based Compensation	$1M
Deferred Income Tax	$1M
Other Non-Cash Items	$5M
Change in Working Capital	$870.0K
OPERATING CASH FLOW	$159M
Capital Expenditure	-$27M
Acquisitions (Net)	$78M
Purchases of Investments	-$179M
Sales/Maturities of Investments	$511M
Other Investing Activities	-$332M
NET CASH FROM INVESTING	$50M
Net Debt Issuance	-$575.0K
Common Stock Repurchased	-$2M
Common Dividends Paid	-$40M
Other Financing Activities	$274M
NET CASH FROM FINANCING	$235M
FREE CASH FLOW	$132M
Net Change in Cash	$444M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.9B
Short-Term Investments	$490M
Net Receivables	$203M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$206M
Goodwill	$149M
Intangible Assets	$23M
Long-Term Investments	$5.6B
Tax Assets	$0
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$8.6B
Account Payables	$49M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$7.5B
TOTAL CURRENT LIABILITIES	$7.5B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$7.6B
Common Stock	$33M
Additional Paid-In Capital	$153M
Retained Earnings	$815M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$8.6B
Total Debt	$28M
Net Debt	-$1.8B