BUSE FY 2013 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2013 Earnings

Reported March 11, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$171M	—	$184M	—	-6.8%
Op. Income	$43M	—	$33M	—	30.4%
Gross Margin	90.6%	—	83.0%	—	7.6pp
Net Margin	16.8%	—	12.2%	—	4.6pp
EPS (Diluted)	$0.87	—	$0.66	—	31.8%
Free Cash Flow	$96M	—	$40M	—	136.3%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$16M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$46M
Operating Expenses	$112M
Cost & Expenses	$128M
OPERATING INCOME	$43M
Interest Income	$109M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$14M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$9M
EBIT	$43M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$16M
GROSS PROFIT	$155M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$66M
SG&A Expenses	$66M
Other Expenses	$46M
Operating Expenses	$112M
Cost & Expenses	$128M
OPERATING INCOME	$43M
Interest Income	$109M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$14M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$9M
EBIT	$43M
EBITDA	$51M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$9M
Stock-Based Compensation	$1M
Deferred Income Tax	$10M
Other Non-Cash Items	$41M
Change in Working Capital	$8M
OPERATING CASH FLOW	$98M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$85M
Sales/Maturities of Investments	$220M
Other Investing Activities	-$252M
NET CASH FROM INVESTING	-$119M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$14M
Other Financing Activities	-$78M
NET CASH FROM FINANCING	-$99M
FREE CASH FLOW	$96M
Net Change in Cash	-$120M

Balance Sheet

Item	Amount
Cash & Equivalents	$232M
Short-Term Investments	$841M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$66M
Goodwill	$21M
Intangible Assets	$10M
Long-Term Investments	$2.2B
Tax Assets	$36M
Other Non-Current Assets	$86M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$3.5B
Account Payables	$0
Short-Term Debt	$172M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$83M
TOTAL LIABILITIES	$3.1B
Common Stock	$88.0K
Additional Paid-In Capital	$593M
Retained Earnings	-$226M
Treasury Stock	-$29M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$415M
Minority Interest	$0
TOTAL EQUITY	$415M
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$227M
Net Debt	-$4M