EFSC FY 2017 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2017 Earnings

Reported February 23, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$234M	—	$178M	—	31.4%
Op. Income	$87M	—	$75M	—	15.6%
Gross Margin	84.9%	—	90.3%	—	-5.4pp
Net Margin	20.6%	—	27.4%	—	-6.8pp
EPS (Diluted)	$2.07	—	$2.41	—	-14.1%
Free Cash Flow	$43M	—	$80M	—	-46.0%

Revenue Flow

Item	Amount
REVENUE	$234M
Cost of Revenue	$35M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$68M
SG&A Expenses	$68M
Other Expenses	$45M
Operating Expenses	$112M
Cost & Expenses	$148M
OPERATING INCOME	$87M
Interest Income	$203M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$87M
Income Tax Expense	$38M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$6M
EBIT	$87M
EBITDA	$92M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$234M
Cost of Revenue	$35M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$68M
SG&A Expenses	$68M
Other Expenses	$45M
Operating Expenses	$112M
Cost & Expenses	$148M
OPERATING INCOME	$87M
Interest Income	$203M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$87M
Income Tax Expense	$38M
Net Income from Continuing Ops	$48M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$48M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$48M
D&A	$6M
EBIT	$87M
EBITDA	$92M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$48M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	$19M
Other Non-Cash Items	$14M
Change in Working Capital	-$44M
OPERATING CASH FLOW	$46M
Capital Expenditure	-$3M
Acquisitions (Net)	$4M
Purchases of Investments	-$382M
Sales/Maturities of Investments	$338M
Other Investing Activities	-$270M
NET CASH FROM INVESTING	-$312M
Net Debt Issuance	$93M
Common Stock Repurchased	-$17M
Common Dividends Paid	$0
Other Financing Activities	$155M
NET CASH FROM FINANCING	$221M
FREE CASH FLOW	$43M
Net Change in Cash	-$45M

Balance Sheet

Item	Amount
Cash & Equivalents	$155M
Short-Term Investments	$641M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$810M
PP&E (Net)	$33M
Goodwill	$117M
Intangible Assets	$11M
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$117M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$5.3B
Account Payables	$2M
Short-Term Debt	$254M
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$291M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$329M
TOTAL LIABILITIES	$4.7B
Common Stock	$238.0K
Additional Paid-In Capital	$350M
Retained Earnings	$225M
Treasury Stock	-$23M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$549M
Minority Interest	$0
TOTAL EQUITY	$549M
TOTAL LIABILITIES & EQUITY	$5.3B
Total Debt	$545M
Net Debt	$390M