BUSE FY 2011 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2011 Earnings

Reported March 9, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$192M	—	$219M	—	-12.4%
Op. Income	$45M	—	$33M	—	37.2%
Gross Margin	77.9%	—	63.0%	—	14.9pp
Net Margin	15.6%	—	10.6%	—	5.0pp
EPS (Diluted)	$0.87	—	$0.81	—	7.4%
Free Cash Flow	$113M	—	$86M	—	32.0%

Revenue Flow

Item	Amount
REVENUE	$192M
Cost of Revenue	$42M
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$57M
SG&A Expenses	$57M
Other Expenses	$47M
Operating Expenses	$105M
Cost & Expenses	$147M
OPERATING INCOME	$45M
Interest Income	$133M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$15M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$9M
EBIT	$45M
EBITDA	$54M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$192M
Cost of Revenue	$42M
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$57M
SG&A Expenses	$57M
Other Expenses	$47M
Operating Expenses	$105M
Cost & Expenses	$147M
OPERATING INCOME	$45M
Interest Income	$133M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$45M
Income Tax Expense	$15M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$9M
EBIT	$45M
EBITDA	$54M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$9M
Stock-Based Compensation	$488.0K
Deferred Income Tax	$13M
Other Non-Cash Items	$60M
Change in Working Capital	$3M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$374M
Sales/Maturities of Investments	$141M
Other Investing Activities	$250M
NET CASH FROM INVESTING	$13M
Net Debt Issuance	-$23M
Common Stock Repurchased	$0
Common Dividends Paid	-$18M
Other Financing Activities	-$164M
NET CASH FROM FINANCING	-$233M
FREE CASH FLOW	$113M
Net Change in Cash	-$104M

Balance Sheet

Item	Amount
Cash & Equivalents	$315M
Short-Term Investments	$832M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$69M
Goodwill	$21M
Intangible Assets	$16M
Long-Term Investments	$2.0B
Tax Assets	$48M
Other Non-Current Assets	$108M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.4B
Account Payables	$0
Short-Term Debt	$128M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$74M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$3.0B
Common Stock	$88.0K
Additional Paid-In Capital	$594M
Retained Earnings	-$238M
Treasury Stock	-$32M
Accum. Other Comp. Income	$13M
Other Equity	-$417.0K
TOTAL STOCKHOLDERS' EQUITY	$409M
Minority Interest	$0
TOTAL EQUITY	$409M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$202M
Net Debt	-$113M