EFSC FY 2016 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2016 Earnings

Reported February 24, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$178M	—	$153M	—	16.2%
Op. Income	$75M	—	$58M	—	28.1%
Gross Margin	90.3%	—	91.6%	—	-1.4pp
Net Margin	27.4%	—	25.1%	—	2.3pp
EPS (Diluted)	$2.41	—	$1.89	—	27.5%
Free Cash Flow	$80M	—	$45M	—	77.5%

Revenue Flow

Item	Amount
REVENUE	$178M
Cost of Revenue	$17M
GROSS PROFIT	$161M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	$29M
Operating Expenses	$86M
Cost & Expenses	$103M
OPERATING INCOME	$75M
Interest Income	$149M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$26M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$3M
EBIT	$75M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$178M
Cost of Revenue	$17M
GROSS PROFIT	$161M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$58M
SG&A Expenses	$58M
Other Expenses	$29M
Operating Expenses	$86M
Cost & Expenses	$103M
OPERATING INCOME	$75M
Interest Income	$149M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$26M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$3M
EBIT	$75M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$3M
Stock-Based Compensation	$3M
Deferred Income Tax	$5M
Other Non-Cash Items	-$10M
Change in Working Capital	$32M
OPERATING CASH FLOW	$83M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$171M
Sales/Maturities of Investments	$122M
Other Investing Activities	-$306M
NET CASH FROM INVESTING	-$358M
Net Debt Issuance	-$55M
Common Stock Repurchased	-$5M
Common Dividends Paid	$0
Other Financing Activities	$448M
NET CASH FROM FINANCING	$380M
FREE CASH FLOW	$80M
Net Change in Cash	$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$199M
Short-Term Investments	$461M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$671M
PP&E (Net)	$15M
Goodwill	$30M
Intangible Assets	$2M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.1B
Account Payables	$1M
Short-Term Debt	$277M
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$383M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$200M
TOTAL NON-CURRENT LIABILITIES	$183M
TOTAL LIABILITIES	$3.7B
Common Stock	$203.0K
Additional Paid-In Capital	$213M
Retained Earnings	$182M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$387M
Minority Interest	$0
TOTAL EQUITY	$387M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$660M
Net Debt	$460M