BUSE FY 2014 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2014 Earnings

Reported March 10, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$167M	—	$171M	—	-2.5%
Op. Income	$50M	—	$43M	—	17.4%
Gross Margin	94.9%	—	90.6%	—	4.3pp
Net Margin	19.6%	—	16.8%	—	2.9pp
EPS (Diluted)	$1.11	—	$0.87	—	27.6%
Free Cash Flow	$64M	—	$96M	—	-32.7%

Revenue Flow

Item	Amount
REVENUE	$167M
Cost of Revenue	$8M
GROSS PROFIT	$159M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$45M
Operating Expenses	$108M
Cost & Expenses	$117M
OPERATING INCOME	$50M
Interest Income	$108M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$18M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$8M
EBIT	$50M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$167M
Cost of Revenue	$8M
GROSS PROFIT	$159M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$63M
SG&A Expenses	$63M
Other Expenses	$45M
Operating Expenses	$108M
Cost & Expenses	$117M
OPERATING INCOME	$50M
Interest Income	$108M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$18M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$8M
EBIT	$50M
EBITDA	$59M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$8M
Stock-Based Compensation	$1M
Deferred Income Tax	$13M
Other Non-Cash Items	$12M
Change in Working Capital	$666.0K
OPERATING CASH FLOW	$68M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$183M
Sales/Maturities of Investments	$259M
Other Investing Activities	-$124M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$17M
Other Financing Activities	$58M
NET CASH FROM FINANCING	$91M
FREE CASH FLOW	$64M
Net Change in Cash	$108M

Balance Sheet

Item	Amount
Cash & Equivalents	$339M
Short-Term Investments	$759M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$64M
Goodwill	$21M
Intangible Assets	$7M
Long-Term Investments	$2.4B
Tax Assets	$22M
Other Non-Current Assets	$83M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.7B
Account Payables	$0
Short-Term Debt	$199M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$132M
TOTAL LIABILITIES	$3.2B
Common Stock	$29.0K
Additional Paid-In Capital	$594M
Retained Earnings	-$210M
Treasury Stock	-$28M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$434M
Minority Interest	$0
TOTAL EQUITY	$434M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$304M
Net Debt	-$36M