COLB FY 2015 Earnings Report — Columbia Banking System, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Banking System, Inc.COLB

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.2B	—	$1000M	—	20.4%
Op. Income	$347M	—	$231M	—	50.5%
Gross Margin	92.1%	—	91.1%	—	1.0pp
Net Margin	18.5%	—	14.8%	—	3.8pp
EPS (Diluted)	$1.01	—	$0.78	—	29.5%
Free Cash Flow	$307M	—	$298M	—	3.1%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$95M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$511M
SG&A Expenses	$523M
Other Expenses	$239M
Operating Expenses	$762M
Cost & Expenses	$857M
OPERATING INCOME	$347M
Interest Income	$929M
Interest Expense	$58M
Other Income/Expenses	$0
INCOME BEFORE TAX	$347M
Income Tax Expense	$125M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$222M
D&A	$52M
EBIT	$347M
EBITDA	$399M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$95M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$511M
SG&A Expenses	$523M
Other Expenses	$239M
Operating Expenses	$762M
Cost & Expenses	$857M
OPERATING INCOME	$347M
Interest Income	$929M
Interest Expense	$58M
Other Income/Expenses	$0
INCOME BEFORE TAX	$347M
Income Tax Expense	$125M
Net Income from Continuing Ops	$223M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$223M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$222M
D&A	$52M
EBIT	$347M
EBITDA	$399M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$223M
Depreciation & Amortization	$52M
Stock-Based Compensation	$14M
Deferred Income Tax	$100M
Other Non-Cash Items	-$24M
Change in Working Capital	$12M
OPERATING CASH FLOW	$377M
Capital Expenditure	-$69M
Acquisitions (Net)	$0
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$806M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	-$115M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$135M
Other Financing Activities	$813M
NET CASH FROM FINANCING	$549M
FREE CASH FLOW	$307M
Net Change in Cash	-$831M

Balance Sheet

Item	Amount
Cash & Equivalents	$774M
Short-Term Investments	$2.5B
Net Receivables	$793M
Inventory	-$701M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$329M
Goodwill	$1.8B
Intangible Assets	$177M
Long-Term Investments	$16.4B
Tax Assets	$138M
Other Non-Current Assets	$438M
TOTAL NON-CURRENT ASSETS	$19.3B
TOTAL ASSETS	$23.4B
Account Payables	$0
Short-Term Debt	$305M
Deferred Revenue	$0
Other Current Liabilities	$17.7B
TOTAL CURRENT LIABILITIES	$18.0B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$300M
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$19.5B
Common Stock	$3.5B
Additional Paid-In Capital	$0
Retained Earnings	$332M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$0
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$23.4B
Total Debt	$1.6B
Net Debt	$776M