FIBK FY 2016 Earnings Report — First Interstate BancSystem, Inc. Revenue & Financial Results | Market Cap Arena

First Interstate BancSystem, Inc.FIBK

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$430M	—	$404M	—	6.4%
Op. Income	$145M	—	$130M	—	11.4%
Gross Margin	93.6%	—	93.8%	—	-0.3pp
Net Margin	22.3%	—	21.5%	—	0.8pp
EPS (Diluted)	$2.13	—	$1.90	—	12.1%
Free Cash Flow	$106M	—	$109M	—	-3.0%

Revenue Flow

Item	Amount
REVENUE	$430M
Cost of Revenue	$28M
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$108M
Operating Expenses	$257M
Cost & Expenses	$284M
OPERATING INCOME	$145M
Interest Income	$297M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$145M
Income Tax Expense	$50M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$19M
EBIT	$145M
EBITDA	$165M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$430M
Cost of Revenue	$28M
GROSS PROFIT	$402M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$148M
SG&A Expenses	$148M
Other Expenses	$108M
Operating Expenses	$257M
Cost & Expenses	$284M
OPERATING INCOME	$145M
Interest Income	$297M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$145M
Income Tax Expense	$50M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$19M
EBIT	$145M
EBITDA	$165M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$20M
Stock-Based Compensation	$4M
Deferred Income Tax	$3M
Other Non-Cash Items	$4M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$12M
Acquisitions (Net)	$19M
Purchases of Investments	-$924M
Sales/Maturities of Investments	$927M
Other Investing Activities	-$154M
NET CASH FROM INVESTING	-$143M
Net Debt Issuance	$100.0K
Common Stock Repurchased	-$27M
Common Dividends Paid	-$39M
Other Financing Activities	$88M
NET CASH FROM FINANCING	$27M
FREE CASH FLOW	$106M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$782M
Short-Term Investments	$1.6B
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$194M
Goodwill	$213M
Intangible Assets	$28M
Long-Term Investments	$5.9B
Tax Assets	$0
Other Non-Current Assets	$290M
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$9.1B
Account Payables	$50M
Short-Term Debt	$538M
Deferred Revenue	$0
Other Current Liabilities	$7.4B
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	-$2M
TOTAL NON-CURRENT LIABILITIES	$117M
TOTAL LIABILITIES	$8.1B
Common Stock	$296M
Additional Paid-In Capital	$0
Retained Earnings	$695M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$983M
Minority Interest	$0
TOTAL EQUITY	$983M
TOTAL LIABILITIES & EQUITY	$9.1B
Total Debt	$650M
Net Debt	-$132M