BUSE FY 2022 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

FY 2022 Earnings

Reported February 23, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$487M	—	$432M	—	12.7%
Op. Income	$162M	—	$157M	—	3.1%
Gross Margin	91.5%	—	97.0%	—	-5.4pp
Net Margin	26.4%	—	28.6%	—	-2.2pp
EPS (Diluted)	$2.29	—	$2.20	—	4.1%
Free Cash Flow	$161M	—	$157M	—	2.4%

Revenue Flow

Item	Amount
REVENUE	$487M
Cost of Revenue	$41M
GROSS PROFIT	$445M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$121M
Operating Expenses	$284M
Cost & Expenses	$325M
OPERATING INCOME	$162M
Interest Income	$360M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$162M
Income Tax Expense	$33M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$26M
EBIT	$162M
EBITDA	$187M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$487M
Cost of Revenue	$41M
GROSS PROFIT	$445M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$163M
SG&A Expenses	$163M
Other Expenses	$121M
Operating Expenses	$284M
Cost & Expenses	$325M
OPERATING INCOME	$162M
Interest Income	$360M
Interest Expense	$37M
Other Income/Expenses	$0
INCOME BEFORE TAX	$162M
Income Tax Expense	$33M
Net Income from Continuing Ops	$128M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$128M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$128M
D&A	$26M
EBIT	$162M
EBITDA	$187M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$128M
Depreciation & Amortization	$26M
Stock-Based Compensation	$9M
Deferred Income Tax	$5M
Other Non-Cash Items	$55M
Change in Working Capital	-$57M
OPERATING CASH FLOW	$166M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$295M
Sales/Maturities of Investments	$556M
Other Investing Activities	-$547M
NET CASH FROM INVESTING	-$291M
Net Debt Issuance	$315M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$51M
Other Financing Activities	-$739M
NET CASH FROM FINANCING	-$484M
FREE CASH FLOW	$161M
Net Change in Cash	-$609M

Balance Sheet

Item	Amount
Cash & Equivalents	$227M
Short-Term Investments	$2.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$139M
Goodwill	$318M
Intangible Assets	$46M
Long-Term Investments	$8.6B
Tax Assets	$0
Other Non-Current Assets	$579M
TOTAL NON-CURRENT ASSETS	$9.6B
TOTAL ASSETS	$12.3B
Account Payables	$0
Short-Term Debt	$581M
Deferred Revenue	$0
Other Current Liabilities	$10.1B
TOTAL CURRENT LIABILITIES	$10.7B
Long-Term Debt	$324M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$202M
TOTAL NON-CURRENT LIABILITIES	$539M
TOTAL LIABILITIES	$11.2B
Common Stock	$58.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$169M
Treasury Stock	-$71M
Accum. Other Comp. Income	-$273M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$12.3B
Total Debt	$918M
Net Debt	$691M