BANF FY 2020 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$464M	—	$474M	—	-2.0%
Op. Income	$124M	—	$170M	—	-27.2%
Gross Margin	82.1%	—	86.7%	—	-4.6pp
Net Margin	21.4%	—	28.5%	—	-7.0pp
EPS (Diluted)	$3.00	—	$4.05	—	-25.9%
Free Cash Flow	$88M	—	$132M	—	-33.0%

Revenue Flow

Item	Amount
REVENUE	$464M
Cost of Revenue	$83M
GROSS PROFIT	$381M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$167M
SG&A Expenses	$174M
Other Expenses	$84M
Operating Expenses	$258M
Cost & Expenses	$341M
OPERATING INCOME	$124M
Interest Income	$327M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$124M
Income Tax Expense	$24M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$18M
EBIT	$124M
EBITDA	$142M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$464M
Cost of Revenue	$83M
GROSS PROFIT	$381M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$167M
SG&A Expenses	$174M
Other Expenses	$84M
Operating Expenses	$258M
Cost & Expenses	$341M
OPERATING INCOME	$124M
Interest Income	$327M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$124M
Income Tax Expense	$24M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$18M
EBIT	$124M
EBITDA	$142M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$100M
Depreciation & Amortization	$18M
Stock-Based Compensation	$2M
Deferred Income Tax	-$9M
Other Non-Cash Items	$47M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$155M
Capital Expenditure	-$66M
Acquisitions (Net)	$18M
Purchases of Investments	-$608M
Sales/Maturities of Investments	$549M
Other Investing Activities	-$791M
NET CASH FROM INVESTING	-$899M
Net Debt Issuance	$0
Common Stock Repurchased	-$3M
Common Dividends Paid	-$42M
Other Financing Activities	$536M
NET CASH FROM FINANCING	$492M
FREE CASH FLOW	$88M
Net Change in Cash	-$251M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$552M
Net Receivables	$221M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$262M
Goodwill	$150M
Intangible Assets	$19M
Long-Term Investments	$6.4B
Tax Assets	$0
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$9.2B
Account Payables	$52M
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$8.1B
TOTAL CURRENT LIABILITIES	$8.1B
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$8.1B
Common Stock	$33M
Additional Paid-In Capital	$157M
Retained Earnings	$871M
Treasury Stock	$0
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.2B
Total Debt	$28M
Net Debt	-$1.6B