COLB FY 2017 Earnings Report — Columbia Banking System, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Banking System, Inc.COLB

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	1.4%
Op. Income	$349M	—	$361M	—	-3.3%
Gross Margin	89.7%	—	91.1%	—	-1.3pp
Net Margin	19.8%	—	19.1%	—	0.7pp
EPS (Diluted)	$1.12	—	$1.05	—	6.7%
Free Cash Flow	$511M	—	$385M	—	32.8%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$125M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$517M
SG&A Expenses	$526M
Other Expenses	$222M
Operating Expenses	$748M
Cost & Expenses	$874M
OPERATING INCOME	$349M
Interest Income	$937M
Interest Expense	$78M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$107M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$58M
EBIT	$349M
EBITDA	$407M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$125M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$517M
SG&A Expenses	$526M
Other Expenses	$222M
Operating Expenses	$748M
Cost & Expenses	$874M
OPERATING INCOME	$349M
Interest Income	$937M
Interest Expense	$78M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$107M
Net Income from Continuing Ops	$242M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$242M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$242M
D&A	$58M
EBIT	$349M
EBITDA	$407M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$242M
Depreciation & Amortization	$58M
Stock-Based Compensation	$10M
Deferred Income Tax	$77M
Other Non-Cash Items	$198M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$516M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$1.2B
Sales/Maturities of Investments	$560M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$2.0B
Net Debt Issuance	-$50M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$145M
Other Financing Activities	$871M
NET CASH FROM FINANCING	$667M
FREE CASH FLOW	$511M
Net Change in Cash	-$815M

Balance Sheet

Item	Amount
Cash & Equivalents	$634M
Short-Term Investments	$3.1B
Net Receivables	$1.3B
Inventory	-$1.1B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$269M
Goodwill	$1.8B
Intangible Assets	$183M
Long-Term Investments	$18.0B
Tax Assets	$0
Other Non-Current Assets	$444M
TOTAL NON-CURRENT ASSETS	$20.7B
TOTAL ASSETS	$25.7B
Account Payables	$0
Short-Term Debt	$294M
Deferred Revenue	$0
Other Current Liabilities	$19.9B
TOTAL CURRENT LIABILITIES	$20.2B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$22M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.5B
TOTAL LIABILITIES	$21.7B
Common Stock	$3.5B
Additional Paid-In Capital	$0
Retained Earnings	$477M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.0B
Minority Interest	$0
TOTAL EQUITY	$4.0B
TOTAL LIABILITIES & EQUITY	$25.7B
Total Debt	$1.5B
Net Debt	$840M