FIBK Q3 2016 Earnings Report — First Interstate BancSystem, Inc. Revenue & Financial Results | Market Cap Arena

First Interstate BancSystem, Inc.FIBK

Q3 2016 Earnings

Reported November 7, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$110M	$105M	—	4.6%	—
Op. Income	$38M	$39M	—	-3.1%	—
Gross Margin	93.9%	93.5%	—	0.4pp	—
Net Margin	22.9%	24.3%	—	-1.4pp	—
EPS (Diluted)	$0.56	$0.57	—	-1.8%	—
Free Cash Flow	$41M	$14M	—	181.9%	—

Revenue Flow

Item	Amount
REVENUE	$110M
Cost of Revenue	$7M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$29M
Operating Expenses	$65M
Cost & Expenses	$72M
OPERATING INCOME	$38M
Interest Income	$75M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$13M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$5M
EBIT	$38M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$110M
Cost of Revenue	$7M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$29M
Operating Expenses	$65M
Cost & Expenses	$72M
OPERATING INCOME	$38M
Interest Income	$75M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$13M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$5M
EBIT	$38M
EBITDA	$43M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$5M
Stock-Based Compensation	$965.0K
Deferred Income Tax	-$665.0K
Other Non-Cash Items	$7M
Change in Working Capital	$4M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$1M
Acquisitions (Net)	$19M
Purchases of Investments	-$175M
Sales/Maturities of Investments	$260M
Other Investing Activities	-$41M
NET CASH FROM INVESTING	$61M
Net Debt Issuance	$14.0K
Common Stock Repurchased	-$77.0K
Common Dividends Paid	-$10M
Other Financing Activities	$130M
NET CASH FROM FINANCING	$123M
FREE CASH FLOW	$41M
Net Change in Cash	$225M

Balance Sheet

Item	Amount
Cash & Equivalents	$699M
Short-Term Investments	$1.5B
Net Receivables	$31M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$191M
Goodwill	$213M
Intangible Assets	$28M
Long-Term Investments	$6.0B
Tax Assets	$0
Other Non-Current Assets	$290M
TOTAL NON-CURRENT ASSETS	$6.7B
TOTAL ASSETS	$9.0B
Account Payables	$61M
Short-Term Debt	$477M
Deferred Revenue	$0
Other Current Liabilities	$7.3B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$125M
TOTAL LIABILITIES	$8.0B
Common Stock	$294M
Additional Paid-In Capital	$0
Retained Earnings	$680M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$983M
Minority Interest	$0
TOTAL EQUITY	$983M
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$587M
Net Debt	-$112M