EFSC FY 2015 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

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	$153M	—	$148M	—	3.4%
Op. Income	$58M	—	$41M	—	42.3%
Gross Margin	91.6%	—	86.6%	—	5.0pp
Net Margin	25.1%	—	18.3%	—	6.7pp
EPS (Diluted)	$1.89	—	$1.35	—	40.0%
Free Cash Flow	$45M	—	$30M	—	52.3%

Revenue Flow

Item	Amount
REVENUE	$153M
Cost of Revenue	$13M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$56M
SG&A Expenses	$56M
Other Expenses	$26M
Operating Expenses	$82M
Cost & Expenses	$95M
OPERATING INCOME	$58M
Interest Income	$133M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$20M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$3M
EBIT	$58M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$153M
Cost of Revenue	$13M
GROSS PROFIT	$141M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$56M
SG&A Expenses	$56M
Other Expenses	$26M
Operating Expenses	$82M
Cost & Expenses	$95M
OPERATING INCOME	$58M
Interest Income	$133M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$58M
Income Tax Expense	$20M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$3M
EBIT	$58M
EBITDA	$62M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$3M
Stock-Based Compensation	$4M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$7M
Change in Working Capital	$17M
OPERATING CASH FLOW	$47M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$188M
Sales/Maturities of Investments	$137M
Other Investing Activities	-$284M
NET CASH FROM INVESTING	-$337M
Net Debt Issuance	-$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$292M
NET CASH FROM FINANCING	$284M
FREE CASH FLOW	$45M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$95M
Short-Term Investments	$452M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$555M
PP&E (Net)	$15M
Goodwill	$30M
Intangible Assets	$3M
Long-Term Investments	$2.9B
Tax Assets	$0
Other Non-Current Assets	$110M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.6B
Account Payables	$629.0K
Short-Term Debt	$270M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$167M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$202M
TOTAL LIABILITIES	$3.3B
Common Stock	$201.0K
Additional Paid-In Capital	$211M
Retained Earnings	$142M
Treasury Stock	-$2M
Accum. Other Comp. Income	$218.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$351M
Minority Interest	$0
TOTAL EQUITY	$351M
TOTAL LIABILITIES & EQUITY	$3.6B
Total Debt	$437M
Net Debt	$342M