EFSC FY 2020 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2020 Earnings

Reported February 19, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$347M	—	$345M	—	0.5%
Op. Income	$92M	—	$116M	—	-20.8%
Gross Margin	71.2%	—	78.9%	—	-7.8pp
Net Margin	21.4%	—	26.9%	—	-5.4pp
EPS (Diluted)	$2.76	—	$3.55	—	-22.3%
Free Cash Flow	$133M	—	$86M	—	54.7%

Revenue Flow

Item	Amount
REVENUE	$347M
Cost of Revenue	$100M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$96M
SG&A Expenses	$96M
Other Expenses	$59M
Operating Expenses	$155M
Cost & Expenses	$255M
OPERATING INCOME	$92M
Interest Income	$305M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$18M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$12M
EBIT	$92M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$347M
Cost of Revenue	$100M
GROSS PROFIT	$247M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$96M
SG&A Expenses	$96M
Other Expenses	$59M
Operating Expenses	$155M
Cost & Expenses	$255M
OPERATING INCOME	$92M
Interest Income	$305M
Interest Expense	$35M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$18M
Net Income from Continuing Ops	$74M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$74M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$74M
D&A	$12M
EBIT	$92M
EBITDA	$104M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$74M
Depreciation & Amortization	$12M
Stock-Based Compensation	$4M
Deferred Income Tax	-$15M
Other Non-Cash Items	$59M
Change in Working Capital	$876.0K
OPERATING CASH FLOW	$136M
Capital Expenditure	-$2M
Acquisitions (Net)	$62M
Purchases of Investments	-$503M
Sales/Maturities of Investments	$435M
Other Investing Activities	-$694M
NET CASH FROM INVESTING	-$703M
Net Debt Issuance	-$161M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$20M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$938M
FREE CASH FLOW	$133M
Net Change in Cash	$370M

Balance Sheet

Item	Amount
Cash & Equivalents	$544M
Short-Term Investments	$912M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$53M
Goodwill	$261M
Intangible Assets	$23M
Long-Term Investments	$7.6B
Tax Assets	$0
Other Non-Current Assets	$320M
TOTAL NON-CURRENT ASSETS	$8.3B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$271M
Deferred Revenue	$0
Other Current Liabilities	$8.0B
TOTAL CURRENT LIABILITIES	$8.3B
Long-Term Debt	$284M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$132M
TOTAL NON-CURRENT LIABILITIES	$416M
TOTAL LIABILITIES	$8.7B
Common Stock	$332.0K
Additional Paid-In Capital	$698M
Retained Earnings	$417M
Treasury Stock	-$74M
Accum. Other Comp. Income	$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$555M
Net Debt	$11M