BANF FY 2021 Earnings Report — BancFirst Corporation Revenue & Financial Results | Market Cap Arena

BancFirst CorporationBANF

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$497M	—	$464M	—	7.0%
Op. Income	$208M	—	$124M	—	68.7%
Gross Margin	99.5%	—	82.1%	—	17.4pp
Net Margin	33.7%	—	21.4%	—	12.3pp
EPS (Diluted)	$5.03	—	$3.00	—	67.7%
Free Cash Flow	$177M	—	$88M	—	99.8%

Revenue Flow

Item	Amount
REVENUE	$497M
Cost of Revenue	$3M
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$170M
SG&A Expenses	$178M
Other Expenses	$108M
Operating Expenses	$286M
Cost & Expenses	$289M
OPERATING INCOME	$208M
Interest Income	$327M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$208M
Income Tax Expense	$41M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$20M
EBIT	$208M
EBITDA	$228M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$497M
Cost of Revenue	$3M
GROSS PROFIT	$494M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$170M
SG&A Expenses	$178M
Other Expenses	$108M
Operating Expenses	$286M
Cost & Expenses	$289M
OPERATING INCOME	$208M
Interest Income	$327M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$208M
Income Tax Expense	$41M
Net Income from Continuing Ops	$168M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$168M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$168M
D&A	$20M
EBIT	$208M
EBITDA	$228M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$168M
Depreciation & Amortization	$20M
Stock-Based Compensation	$2M
Deferred Income Tax	$7M
Other Non-Cash Items	$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$204M
Capital Expenditure	-$27M
Acquisitions (Net)	$13M
Purchases of Investments	-$478M
Sales/Maturities of Investments	$509M
Other Investing Activities	$407M
NET CASH FROM INVESTING	$423M
Net Debt Issuance	$58M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$45M
Other Financing Activities	-$197M
NET CASH FROM FINANCING	-$194M
FREE CASH FLOW	$177M
Net Change in Cash	$433M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$532M
Net Receivables	$234M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$269M
Goodwill	$150M
Intangible Assets	$18M
Long-Term Investments	$6.1B
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$9.4B
Account Payables	$56M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$8.1B
TOTAL CURRENT LIABILITIES	$8.1B
Long-Term Debt	$86M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$86M
TOTAL LIABILITIES	$8.2B
Common Stock	$33M
Additional Paid-In Capital	$160M
Retained Earnings	$977M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.4B
Total Debt	$86M
Net Debt	-$2.0B