BUSE FY 2021 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2021 Earnings

Reported February 24, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$432M	—	$445M	—	-3.0%
Op. Income	$157M	—	$128M	—	22.3%
Gross Margin	97.0%	—	81.5%	—	15.5pp
Net Margin	28.6%	—	22.6%	—	6.0pp
EPS (Diluted)	$2.20	—	$1.83	—	20.2%
Free Cash Flow	$157M	—	$159M	—	-1.3%

Revenue Flow

Item	Amount
REVENUE	$432M
Cost of Revenue	$13M
GROSS PROFIT	$419M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$113M
Operating Expenses	$262M
Cost & Expenses	$275M
OPERATING INCOME	$157M
Interest Income	$299M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$157M
Income Tax Expense	$33M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$28M
EBIT	$157M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$432M
Cost of Revenue	$13M
GROSS PROFIT	$419M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$113M
Operating Expenses	$262M
Cost & Expenses	$275M
OPERATING INCOME	$157M
Interest Income	$299M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$157M
Income Tax Expense	$33M
Net Income from Continuing Ops	$123M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$123M
D&A	$28M
EBIT	$157M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$123M
Depreciation & Amortization	$28M
Stock-Based Compensation	$8M
Deferred Income Tax	$10M
Other Non-Cash Items	$17M
Change in Working Capital	-$25M
OPERATING CASH FLOW	$162M
Capital Expenditure	-$5M
Acquisitions (Net)	$228M
Purchases of Investments	-$2.3B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$90M
NET CASH FROM INVESTING	-$829M
Net Debt Issuance	$54M
Common Stock Repurchased	-$33M
Common Dividends Paid	-$51M
Other Financing Activities	$844M
NET CASH FROM FINANCING	$815M
FREE CASH FLOW	$157M
Net Change in Cash	$148M

Balance Sheet

Item	Amount
Cash & Equivalents	$836M
Short-Term Investments	$4.0B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.8B
PP&E (Net)	$147M
Goodwill	$318M
Intangible Assets	$58M
Long-Term Investments	$7.1B
Tax Assets	$0
Other Non-Current Assets	$381M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$12.9B
Account Payables	$0
Short-Term Debt	$288M
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$340M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$133M
TOTAL NON-CURRENT LIABILITIES	$484M
TOTAL LIABILITIES	$11.5B
Common Stock	$58.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$92M
Treasury Stock	-$67M
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$12.9B
Total Debt	$639M
Net Debt	-$197M