EFSC FY 2021 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$422M	—	$347M	—	21.4%
Op. Income	$169M	—	$92M	—	83.4%
Gross Margin	91.4%	—	71.2%	—	20.2pp
Net Margin	31.6%	—	21.4%	—	10.1pp
EPS (Diluted)	$3.86	—	$2.76	—	39.9%
Free Cash Flow	$158M	—	$133M	—	18.6%

Revenue Flow

Item	Amount
REVENUE	$422M
Cost of Revenue	$36M
GROSS PROFIT	$385M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$131M
SG&A Expenses	$131M
Other Expenses	$86M
Operating Expenses	$217M
Cost & Expenses	$253M
OPERATING INCOME	$169M
Interest Income	$383M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$36M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$14M
EBIT	$169M
EBITDA	$183M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$422M
Cost of Revenue	$36M
GROSS PROFIT	$385M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$131M
SG&A Expenses	$131M
Other Expenses	$86M
Operating Expenses	$217M
Cost & Expenses	$253M
OPERATING INCOME	$169M
Interest Income	$383M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$36M
Net Income from Continuing Ops	$133M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$133M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$133M
D&A	$14M
EBIT	$169M
EBITDA	$183M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$133M
Depreciation & Amortization	$14M
Stock-Based Compensation	$6M
Deferred Income Tax	-$2M
Other Non-Cash Items	$26M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$161M
Capital Expenditure	-$3M
Acquisitions (Net)	$213M
Purchases of Investments	-$789M
Sales/Maturities of Investments	$402M
Other Investing Activities	$154M
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	-$157M
Common Stock Repurchased	-$61M
Common Dividends Paid	-$26M
Other Financing Activities	$1.5B
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$158M
Net Change in Cash	$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.0B
Short-Term Investments	$1.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$48M
Goodwill	$365M
Intangible Assets	$22M
Long-Term Investments	$9.4B
Tax Assets	$0
Other Non-Current Assets	$352M
TOTAL NON-CURRENT ASSETS	$10.1B
TOTAL ASSETS	$13.5B
Account Payables	$0
Short-Term Debt	$331M
Deferred Revenue	$0
Other Current Liabilities	$11.3B
TOTAL CURRENT LIABILITIES	$11.7B
Long-Term Debt	$228M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$106M
TOTAL NON-CURRENT LIABILITIES	$333M
TOTAL LIABILITIES	$12.0B
Common Stock	$398.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$493M
Treasury Stock	-$74M
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$13.5B
Total Debt	$559M
Net Debt	-$1.5B