BUSE FY 2012 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2012 Earnings

Reported March 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$184M	—	$192M	—	-4.2%
Op. Income	$33M	—	$45M	—	-26.7%
Gross Margin	83.0%	—	77.9%	—	5.1pp
Net Margin	12.2%	—	15.6%	—	-3.4pp
EPS (Diluted)	$0.66	—	$0.87	—	-24.1%
Free Cash Flow	$40M	—	$113M	—	-64.2%

Revenue Flow

Item	Amount
REVENUE	$184M
Cost of Revenue	$31M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$52M
Operating Expenses	$120M
Cost & Expenses	$151M
OPERATING INCOME	$33M
Interest Income	$117M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$10M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$33M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$184M
Cost of Revenue	$31M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$52M
Operating Expenses	$120M
Cost & Expenses	$151M
OPERATING INCOME	$33M
Interest Income	$117M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$10M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$9M
EBIT	$33M
EBITDA	$42M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$9M
Stock-Based Compensation	$991.0K
Deferred Income Tax	$9M
Other Non-Cash Items	$634.0K
Change in Working Capital	$8M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$9M
Acquisitions (Net)	$0
Purchases of Investments	-$455M
Sales/Maturities of Investments	$277M
Other Investing Activities	-$19M
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$24M
Other Financing Activities	$228M
NET CASH FROM FINANCING	$192M
FREE CASH FLOW	$40M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$351M
Short-Term Investments	$1.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$71M
Goodwill	$21M
Intangible Assets	$13M
Long-Term Investments	$2.0B
Tax Assets	$39M
Other Non-Current Assets	$96M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.6B
Account Payables	$0
Short-Term Debt	$139M
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$62M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$90M
TOTAL LIABILITIES	$3.2B
Common Stock	$88.0K
Additional Paid-In Capital	$594M
Retained Earnings	-$240M
Treasury Stock	-$32M
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$409M
Minority Interest	$0
TOTAL EQUITY	$409M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$201M
Net Debt	-$150M