EFSC FY 2010 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2010 Earnings

Reported March 11, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$135M	—	$131M	—	2.9%
Op. Income	$6M	—	-$49M	—	113.0%
Gross Margin	50.9%	—	31.9%	—	19.1pp
Net Margin	4.1%	—	-36.6%	—	40.7pp
EPS (Diluted)	$0.21	—	$-3.92	—	105.4%
Free Cash Flow	$48M	—	$28M	—	71.2%

Revenue Flow

Item	Amount
REVENUE	$135M
Cost of Revenue	$66M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$27M
Operating Expenses	$62M
Cost & Expenses	$128M
OPERATING INCOME	$6M
Interest Income	$116M
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$823.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$3M
EBIT	$6M
EBITDA	$10M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$135M
Cost of Revenue	$66M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$27M
Operating Expenses	$62M
Cost & Expenses	$128M
OPERATING INCOME	$6M
Interest Income	$116M
Interest Expense	$32M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$823.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$3M
EBIT	$6M
EBITDA	$10M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$34M
Change in Working Capital	$6M
OPERATING CASH FLOW	$49M
Capital Expenditure	-$957.0K
Acquisitions (Net)	-$220M
Purchases of Investments	-$331M
Sales/Maturities of Investments	$247M
Other Investing Activities	$17M
NET CASH FROM INVESTING	-$288M
Net Debt Issuance	$59M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$356M
NET CASH FROM FINANCING	$425M
FREE CASH FLOW	$48M
Net Change in Cash	$187M

Balance Sheet

Item	Amount
Cash & Equivalents	$292M
Short-Term Investments	$0
Net Receivables	$96M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$388M
PP&E (Net)	$20M
Goodwill	$2M
Intangible Assets	$1M
Long-Term Investments	$2.2B
Tax Assets	$0
Other Non-Current Assets	$164M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$2.8B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$2.3B
Long-Term Debt	$312M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$323M
TOTAL LIABILITIES	$2.6B
Common Stock	$150.0K
Additional Paid-In Capital	$134M
Retained Earnings	$19M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$573.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$183M
Minority Interest	$0
TOTAL EQUITY	$183M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$312M
Net Debt	$19M