BUSE Q2 2021 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

Q2 2021 Earnings

Reported August 5, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2021	Q1 2021	Q2 2020	QoQ Change	YoY Change
Revenue	$105M	$104M	$109M	0.9%	-4.1%
Op. Income	$37M	$49M	$33M	-24.7%	11.6%
Gross Margin	94.8%	99.4%	78.7%	-4.6pp	16.1pp
Net Margin	28.4%	36.4%	23.6%	-8.0pp	4.8pp
EPS (Diluted)	$0.53	$0.69	$0.47	-23.2%	12.8%
Free Cash Flow	$35M	$42M	$35M	-18.0%	-1.7%

Revenue Flow

Item	Amount
REVENUE	$105M
Cost of Revenue	$5M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$28M
Operating Expenses	$63M
Cost & Expenses	$68M
OPERATING INCOME	$37M
Interest Income	$72M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$7M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$7M
EBIT	$37M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$105M
Cost of Revenue	$5M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$28M
Operating Expenses	$63M
Cost & Expenses	$68M
OPERATING INCOME	$37M
Interest Income	$72M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$7M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$7M
EBIT	$37M
EBITDA	$44M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$3M
Other Non-Cash Items	$21M
Change in Working Capital	-$26M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$490M
Sales/Maturities of Investments	$508M
Other Investing Activities	$288M
NET CASH FROM INVESTING	$305M
Net Debt Issuance	$73M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$12M
Other Financing Activities	$120M
NET CASH FROM FINANCING	$175M
FREE CASH FLOW	$35M
Net Change in Cash	$516M

Balance Sheet

Item	Amount
Cash & Equivalents	$921M
Short-Term Investments	$3.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.4B
PP&E (Net)	$154M
Goodwill	$318M
Intangible Assets	$64M
Long-Term Investments	$7.1B
Tax Assets	$0
Other Non-Current Assets	$373M
TOTAL NON-CURRENT ASSETS	$8.0B
TOTAL ASSETS	$12.4B
Account Payables	$0
Short-Term Debt	$237M
Deferred Revenue	$0
Other Current Liabilities	$10.3B
TOTAL CURRENT LIABILITIES	$10.6B
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$141M
TOTAL NON-CURRENT LIABILITIES	$495M
TOTAL LIABILITIES	$11.1B
Common Stock	$58.0K
Additional Paid-In Capital	$1.3B
Retained Earnings	$63M
Treasury Stock	-$45M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$592M
Net Debt	-$329M