BUSE FY 2010 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2010 Earnings

Reported March 11, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$219M	—	$251M	—	-12.6%
Op. Income	$33M	—	-$399M	—	108.2%
Gross Margin	63.0%	—	-28.4%	—	91.4pp
Net Margin	10.6%	—	-129.0%	—	139.6pp
EPS (Diluted)	$0.81	—	$-23.55	—	103.4%
Free Cash Flow	$86M	—	$47M	—	84.1%

Revenue Flow

Item	Amount
REVENUE	$219M
Cost of Revenue	$81M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	$47M
Operating Expenses	$105M
Cost & Expenses	$186M
OPERATING INCOME	$33M
Interest Income	$156M
Interest Expense	$39M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$10M
EBIT	$33M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$219M
Cost of Revenue	$81M
GROSS PROFIT	$138M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	$47M
Operating Expenses	$105M
Cost & Expenses	$186M
OPERATING INCOME	$33M
Interest Income	$156M
Interest Expense	$39M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$10M
EBIT	$33M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$10M
Stock-Based Compensation	$194.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$24M
Change in Working Capital	$28M
OPERATING CASH FLOW	$88M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$252M
Sales/Maturities of Investments	$219M
Other Investing Activities	$387M
NET CASH FROM INVESTING	$352M
Net Debt Issuance	-$39M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	-$258M
NET CASH FROM FINANCING	-$228M
FREE CASH FLOW	$86M
Net Change in Cash	$212M

Balance Sheet

Item	Amount
Cash & Equivalents	$419M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$419M
PP&E (Net)	$73M
Goodwill	$21M
Intangible Assets	$20M
Long-Term Investments	$2.9B
Tax Assets	$64M
Other Non-Current Assets	$116M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.6B
Account Payables	$0
Short-Term Debt	$139M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$98M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$129M
TOTAL LIABILITIES	$3.2B
Common Stock	$81.0K
Additional Paid-In Capital	$562M
Retained Earnings	-$249M
Treasury Stock	-$32M
Accum. Other Comp. Income	$9M
Other Equity	-$834.0K
TOTAL STOCKHOLDERS' EQUITY	$421M
Minority Interest	$0
TOTAL EQUITY	$421M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$237M
Net Debt	-$182M