EFSC FY 2018 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$273M	—	$234M	—	16.6%
Op. Income	$105M	—	$87M	—	20.9%
Gross Margin	80.8%	—	84.9%	—	-4.1pp
Net Margin	32.6%	—	20.6%	—	12.1pp
EPS (Diluted)	$3.83	—	$2.07	—	85.0%
Free Cash Flow	$106M	—	$43M	—	144.6%

Revenue Flow

Item	Amount
REVENUE	$273M
Cost of Revenue	$53M
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$72M
SG&A Expenses	$72M
Other Expenses	$44M
Operating Expenses	$116M
Cost & Expenses	$169M
OPERATING INCOME	$105M
Interest Income	$238M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$15M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$105M
EBITDA	$111M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$273M
Cost of Revenue	$53M
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$72M
SG&A Expenses	$72M
Other Expenses	$44M
Operating Expenses	$116M
Cost & Expenses	$169M
OPERATING INCOME	$105M
Interest Income	$238M
Interest Expense	$46M
Other Income/Expenses	$0
INCOME BEFORE TAX	$105M
Income Tax Expense	$15M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$6M
EBIT	$105M
EBITDA	$111M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$6M
Stock-Based Compensation	$3M
Deferred Income Tax	$487.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$77.0K
OPERATING CASH FLOW	$109M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$224M
Sales/Maturities of Investments	$142M
Other Investing Activities	-$247M
NET CASH FROM INVESTING	-$332M
Net Debt Issuance	-$133M
Common Stock Repurchased	-$19M
Common Dividends Paid	$0
Other Financing Activities	$429M
NET CASH FROM FINANCING	$266M
FREE CASH FLOW	$106M
Net Change in Cash	$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$198M
Short-Term Investments	$721M
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$935M
PP&E (Net)	$32M
Goodwill	$117M
Intangible Assets	$9M
Long-Term Investments	$4.4B
Tax Assets	$0
Other Non-Current Assets	$115M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$5.6B
Account Payables	$2M
Short-Term Debt	$221M
Deferred Revenue	$0
Other Current Liabilities	$4.6B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$190M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$40M
TOTAL NON-CURRENT LIABILITIES	$230M
TOTAL LIABILITIES	$5.0B
Common Stock	$239.0K
Additional Paid-In Capital	$351M
Retained Earnings	$305M
Treasury Stock	-$43M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$604M
Minority Interest	$0
TOTAL EQUITY	$604M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$412M
Net Debt	$214M