BFST FY 2019 Earnings Report — Business First Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Business First Bancshares, Inc.BFST

FY 2019 Earnings

Reported March 12, 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	$113M	—	$84M	—	34.1%
Op. Income	$30M	—	$17M	—	71.9%
Gross Margin	77.0%	—	80.5%	—	-3.5pp
Net Margin	21.1%	—	16.8%	—	4.3pp
EPS (Diluted)	$1.74	—	$1.22	—	42.6%
Free Cash Flow	$20M	—	$18M	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$113M
Cost of Revenue	$26M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$17M
Operating Expenses	$57M
Cost & Expenses	$83M
OPERATING INCOME	$30M
Interest Income	$103M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$6M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$2M
EBIT	$30M
EBITDA	$31M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$113M
Cost of Revenue	$26M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$17M
Operating Expenses	$57M
Cost & Expenses	$83M
OPERATING INCOME	$30M
Interest Income	$103M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$6M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$2M
EBIT	$30M
EBITDA	$31M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$336.0K
Other Non-Cash Items	-$863.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$24M
Capital Expenditure	-$4M
Acquisitions (Net)	-$17M
Purchases of Investments	-$30M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$207M
NET CASH FROM INVESTING	-$192M
Net Debt Issuance	$38M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$5M
Other Financing Activities	$130M
NET CASH FROM FINANCING	$161M
FREE CASH FLOW	$20M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$89M
Short-Term Investments	$278M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$376M
PP&E (Net)	$29M
Goodwill	$48M
Intangible Assets	$7M
Long-Term Investments	$1.7B
Tax Assets	$2M
Other Non-Current Assets	$101M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.3B
Account Payables	$2M
Short-Term Debt	$68M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$118M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$137M
TOTAL LIABILITIES	$2.0B
Common Stock	$13M
Additional Paid-In Capital	$213M
Retained Earnings	$57M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$285M
Minority Interest	$0
TOTAL EQUITY	$285M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$186M
Net Debt	$97M