COLB FY 2021 Earnings Report — Columbia Banking System, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Banking System, Inc.COLB

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.4B	—	-7.5%
Op. Income	$558M	—	-$1.5B	—	138.3%
Gross Margin	100.0%	—	76.5%	—	23.5pp
Net Margin	31.9%	—	-106.9%	—	138.8pp
EPS (Diluted)	$1.91	—	$-6.92	—	127.6%
Free Cash Flow	$647M	—	$82M	—	691.4%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	-$255.0K
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$490M
SG&A Expenses	$497M
Other Expenses	$263M
Operating Expenses	$760M
Cost & Expenses	$760M
OPERATING INCOME	$558M
Interest Income	$961M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$138M
Net Income from Continuing Ops	$420M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$420M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$420M
D&A	$31M
EBIT	$558M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	-$255.0K
GROSS PROFIT	$1.3B
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$490M
SG&A Expenses	$497M
Other Expenses	$263M
Operating Expenses	$760M
Cost & Expenses	$760M
OPERATING INCOME	$558M
Interest Income	$961M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$558M
Income Tax Expense	$138M
Net Income from Continuing Ops	$420M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$420M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$420M
D&A	$31M
EBIT	$558M
EBITDA	$590M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$420M
Depreciation & Amortization	$31M
Stock-Based Compensation	$11M
Deferred Income Tax	$41M
Other Non-Cash Items	$15M
Change in Working Capital	$144M
OPERATING CASH FLOW	$663M
Capital Expenditure	-$15M
Acquisitions (Net)	$11M
Purchases of Investments	-$1.8B
Sales/Maturities of Investments	$761M
Other Investing Activities	-$452M
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	-$765M
Common Stock Repurchased	-$81M
Common Dividends Paid	-$184M
Other Financing Activities	$2.1B
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$647M
Net Change in Cash	$188M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.8B
Short-Term Investments	$3.9B
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$253M
Goodwill	$0
Intangible Assets	$132M
Long-Term Investments	$21.5B
Tax Assets	$0
Other Non-Current Assets	$538M
TOTAL NON-CURRENT ASSETS	$22.4B
TOTAL ASSETS	$30.6B
Account Payables	$0
Short-Term Debt	$492M
Deferred Revenue	$0
Other Current Liabilities	$26.6B
TOTAL CURRENT LIABILITIES	$27.1B
Long-Term Debt	$387M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$4M
Other Non-Current Liabilities	$318M
TOTAL NON-CURRENT LIABILITIES	$805M
TOTAL LIABILITIES	$27.9B
Common Stock	$3.4B
Additional Paid-In Capital	$0
Retained Earnings	-$697M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.7B
Minority Interest	$0
TOTAL EQUITY	$2.7B
TOTAL LIABILITIES & EQUITY	$30.6B
Total Debt	$975M
Net Debt	-$1.8B