EFSC FY 2022 Earnings Report — Enterprise Financial Services Corp Revenue & Financial Results | Market Cap Arena

Enterprise Financial Services CorpEFSC

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$534M	—	$422M	—	26.6%
Op. Income	$259M	—	$169M	—	53.9%
Gross Margin	92.4%	—	91.4%	—	1.0pp
Net Margin	38.0%	—	31.6%	—	6.5pp
EPS (Diluted)	$5.31	—	$3.86	—	37.6%
Free Cash Flow	$215M	—	$158M	—	35.8%

Revenue Flow

Item	Amount
REVENUE	$534M
Cost of Revenue	$41M
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$154M
SG&A Expenses	$154M
Other Expenses	$80M
Operating Expenses	$234M
Cost & Expenses	$274M
OPERATING INCOME	$259M
Interest Income	$515M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$56M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$14M
EBIT	$259M
EBITDA	$273M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$534M
Cost of Revenue	$41M
GROSS PROFIT	$493M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$154M
SG&A Expenses	$154M
Other Expenses	$80M
Operating Expenses	$234M
Cost & Expenses	$274M
OPERATING INCOME	$259M
Interest Income	$515M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$56M
Net Income from Continuing Ops	$203M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$203M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$199M
D&A	$14M
EBIT	$259M
EBITDA	$273M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$203M
Depreciation & Amortization	$14M
Stock-Based Compensation	$8M
Deferred Income Tax	$688.0K
Other Non-Cash Items	$11M
Change in Working Capital	-$20M
OPERATING CASH FLOW	$217M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$930M
Sales/Maturities of Investments	$264M
Other Investing Activities	-$716M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$20M
Common Stock Repurchased	-$33M
Common Dividends Paid	-$34M
Other Financing Activities	-$513M
NET CASH FROM FINANCING	-$563M
FREE CASH FLOW	$215M
Net Change in Cash	-$1.7B

Balance Sheet

Item	Amount
Cash & Equivalents	$298M
Short-Term Investments	$1.5B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$43M
Goodwill	$365M
Intangible Assets	$17M
Long-Term Investments	$10.4B
Tax Assets	$0
Other Non-Current Assets	$435M
TOTAL NON-CURRENT ASSETS	$11.2B
TOTAL ASSETS	$13.1B
Account Payables	$0
Short-Term Debt	$271M
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$11.1B
Long-Term Debt	$309M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$123M
TOTAL NON-CURRENT LIABILITIES	$432M
TOTAL LIABILITIES	$11.5B
Common Stock	$373.0K
Additional Paid-In Capital	$983M
Retained Earnings	$598M
Treasury Stock	$0
Accum. Other Comp. Income	-$130M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$13.1B
Total Debt	$580M
Net Debt	$282M