BUSE Q3 2018 Earnings Report — First Busey Corporation Revenue & Financial Results | Market Cap Arena

First Busey CorporationBUSE

Q3 2018 Earnings

Reported November 7, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2018	Q2 2018	Q3 2017	QoQ Change	YoY Change
Revenue	$95M	$93M	$83M	1.6%	13.5%
Op. Income	$36M	$34M	$28M	6.9%	26.8%
Gross Margin	86.5%	86.9%	90.3%	-0.4pp	-3.8pp
Net Margin	28.4%	26.7%	22.5%	1.7pp	5.9pp
EPS (Diluted)	$0.55	$0.51	$0.41	7.8%	34.1%
Free Cash Flow	$34M	$14M	$39M	139.3%	-13.9%

Revenue Flow

Item	Amount
REVENUE	$95M
Cost of Revenue	$13M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	$20M
Operating Expenses	$46M
Cost & Expenses	$59M
OPERATING INCOME	$36M
Interest Income	$73M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$9M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$4M
EBIT	$36M
EBITDA	$40M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$95M
Cost of Revenue	$13M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$26M
SG&A Expenses	$26M
Other Expenses	$20M
Operating Expenses	$46M
Cost & Expenses	$59M
OPERATING INCOME	$36M
Interest Income	$73M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$9M
Net Income from Continuing Ops	$27M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$27M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$27M
D&A	$4M
EBIT	$36M
EBITDA	$40M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$27M
Depreciation & Amortization	$4M
Stock-Based Compensation	$944.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$355.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$162M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$69M
NET CASH FROM INVESTING	-$187M
Net Debt Issuance	$45M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$47M
NET CASH FROM FINANCING	$81M
FREE CASH FLOW	$34M
Net Change in Cash	-$70M

Balance Sheet

Item	Amount
Cash & Equivalents	$161M
Short-Term Investments	$863M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$119M
Goodwill	$268M
Intangible Assets	$34M
Long-Term Investments	$6.2B
Tax Assets	$16M
Other Non-Current Assets	$191M
TOTAL NON-CURRENT ASSETS	$6.9B
TOTAL ASSETS	$7.9B
Account Payables	$0
Short-Term Debt	$456M
Deferred Revenue	$0
Other Current Liabilities	$6.2B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$220M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$46M
TOTAL NON-CURRENT LIABILITIES	$266M
TOTAL LIABILITIES	$6.9B
Common Stock	$49.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	-$88M
Treasury Stock	-$6M
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$972M
Minority Interest	$0
TOTAL EQUITY	$972M
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$676M
Net Debt	$515M