BFST FY 2018 Earnings Report — Business First Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Business First Bancshares, Inc.BFST

FY 2018 Earnings

Reported March 22, 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	$84M	—	$57M	—	46.8%
Op. Income	$17M	—	$9M	—	94.1%
Gross Margin	80.5%	—	80.0%	—	0.6pp
Net Margin	16.8%	—	8.5%	—	8.3pp
EPS (Diluted)	$1.22	—	$0.70	—	74.3%
Free Cash Flow	$18M	—	$7M	—	146.0%

Revenue Flow

Item	Amount
REVENUE	$84M
Cost of Revenue	$16M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$19M
Operating Expenses	$50M
Cost & Expenses	$67M
OPERATING INCOME	$17M
Interest Income	$76M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$17M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$84M
Cost of Revenue	$16M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$19M
Operating Expenses	$50M
Cost & Expenses	$67M
OPERATING INCOME	$17M
Interest Income	$76M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$17M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$1M
Stock-Based Compensation	$1M
Deferred Income Tax	-$402.0K
Other Non-Cash Items	$3M
Change in Working Capital	$732.0K
OPERATING CASH FLOW	$19M
Capital Expenditure	-$919.0K
Acquisitions (Net)	-$9M
Purchases of Investments	-$17M
Sales/Maturities of Investments	$48M
Other Investing Activities	-$191M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$119M
NET CASH FROM FINANCING	$140M
FREE CASH FLOW	$18M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$96M
Short-Term Investments	$310M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$414M
PP&E (Net)	$15M
Goodwill	$49M
Intangible Assets	$8M
Long-Term Investments	$1.5B
Tax Assets	$4M
Other Non-Current Assets	$78M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.1B
Account Payables	$1M
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$1.8B
Common Stock	$13M
Additional Paid-In Capital	$212M
Retained Earnings	$38M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$260M
Minority Interest	$0
TOTAL EQUITY	$260M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$92M
Net Debt	-$4M