COLB FY 2018 Earnings Report — Columbia Banking System, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Banking System, Inc.COLB

FY 2018 Earnings

Reported February 27, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	10.1%
Op. Income	$423M	—	$349M	—	21.1%
Gross Margin	86.3%	—	89.7%	—	-3.4pp
Net Margin	23.5%	—	19.8%	—	3.7pp
EPS (Diluted)	$1.43	—	$1.12	—	27.7%
Free Cash Flow	$496M	—	$511M	—	-2.9%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$184M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$522M
SG&A Expenses	$533M
Other Expenses	$207M
Operating Expenses	$739M
Cost & Expenses	$924M
OPERATING INCOME	$423M
Interest Income	$1.1B
Interest Expense	$129M
Other Income/Expenses	$0
INCOME BEFORE TAX	$423M
Income Tax Expense	$106M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$316M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$316M
D&A	$52M
EBIT	$423M
EBITDA	$475M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$184M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$522M
SG&A Expenses	$533M
Other Expenses	$207M
Operating Expenses	$739M
Cost & Expenses	$924M
OPERATING INCOME	$423M
Interest Income	$1.1B
Interest Expense	$129M
Other Income/Expenses	$0
INCOME BEFORE TAX	$423M
Income Tax Expense	$106M
Net Income from Continuing Ops	$316M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$316M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$316M
D&A	$52M
EBIT	$423M
EBITDA	$475M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$316M
Depreciation & Amortization	$52M
Stock-Based Compensation	$8M
Deferred Income Tax	$19M
Other Non-Cash Items	$148M
Change in Working Capital	-$38M
OPERATING CASH FLOW	$505M
Capital Expenditure	-$9M
Acquisitions (Net)	-$35M
Purchases of Investments	-$495M
Sales/Maturities of Investments	$441M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$61M
Common Stock Repurchased	-$13M
Common Dividends Paid	-$174M
Other Financing Activities	$1.2B
NET CASH FROM FINANCING	$982M
FREE CASH FLOW	$496M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$623M
Short-Term Investments	$3.0B
Net Receivables	$1.4B
Inventory	-$1.3B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.0B
PP&E (Net)	$227M
Goodwill	$1.8B
Intangible Assets	$193M
Long-Term Investments	$19.2B
Tax Assets	$0
Other Non-Current Assets	$443M
TOTAL NON-CURRENT ASSETS	$21.9B
TOTAL ASSETS	$26.9B
Account Payables	$0
Short-Term Debt	$297M
Deferred Revenue	$0
Other Current Liabilities	$21.1B
TOTAL CURRENT LIABILITIES	$21.4B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$26M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.4B
TOTAL LIABILITIES	$22.9B
Common Stock	$3.5B
Additional Paid-In Capital	$0
Retained Earnings	$602M
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.1B
Minority Interest	$0
TOTAL EQUITY	$4.1B
TOTAL LIABILITIES & EQUITY	$26.9B
Total Debt	$1.4B
Net Debt	$816M