BUSE FY 2020 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2020 Earnings

Reported February 25, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$445M	—	$473M	—	-5.9%
Op. Income	$128M	—	$134M	—	-4.6%
Gross Margin	81.5%	—	83.2%	—	-1.7pp
Net Margin	22.6%	—	21.8%	—	0.8pp
EPS (Diluted)	$1.83	—	$1.87	—	-2.1%
Free Cash Flow	$159M	—	$75M	—	111.7%

Revenue Flow

Item	Amount
REVENUE	$445M
Cost of Revenue	$82M
GROSS PROFIT	$362M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$127M
SG&A Expenses	$127M
Other Expenses	$107M
Operating Expenses	$234M
Cost & Expenses	$317M
OPERATING INCOME	$128M
Interest Income	$327M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$128M
Income Tax Expense	$28M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$28M
EBIT	$128M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$445M
Cost of Revenue	$82M
GROSS PROFIT	$362M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$127M
SG&A Expenses	$127M
Other Expenses	$107M
Operating Expenses	$234M
Cost & Expenses	$317M
OPERATING INCOME	$128M
Interest Income	$327M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$128M
Income Tax Expense	$28M
Net Income from Continuing Ops	$100M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$100M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$100M
D&A	$28M
EBIT	$128M
EBITDA	$156M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$100M
Depreciation & Amortization	$28M
Stock-Based Compensation	$7M
Deferred Income Tax	-$3M
Other Non-Cash Items	$50M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$163M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$680M
Other Investing Activities	-$109M
NET CASH FROM INVESTING	-$730M
Net Debt Issuance	$40M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$48M
Other Financing Activities	$746M
NET CASH FROM FINANCING	$726M
FREE CASH FLOW	$159M
Net Change in Cash	$159M

Balance Sheet

Item	Amount
Cash & Equivalents	$689M
Short-Term Investments	$2.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$143M
Goodwill	$312M
Intangible Assets	$52M
Long-Term Investments	$6.8B
Tax Assets	$0
Other Non-Current Assets	$326M
TOTAL NON-CURRENT ASSETS	$7.6B
TOTAL ASSETS	$10.5B
Account Payables	$0
Short-Term Debt	$180M
Deferred Revenue	$0
Other Current Liabilities	$8.7B
TOTAL CURRENT LIABILITIES	$8.9B
Long-Term Debt	$298M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$110M
TOTAL NON-CURRENT LIABILITIES	$416M
TOTAL LIABILITIES	$9.3B
Common Stock	$56.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$21M
Treasury Stock	-$37M
Accum. Other Comp. Income	$33M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$10.5B
Total Debt	$486M
Net Debt	-$202M