GABC FY 2013 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2013 Earnings

Reported March 13, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$99M	—	$99M	—	0.3%
Op. Income	$37M	—	$35M	—	6.2%
Gross Margin	92.4%	—	86.5%	—	5.9pp
Net Margin	25.6%	—	24.3%	—	1.3pp
EPS (Diluted)	$1.32	—	$1.27	—	3.9%
Free Cash Flow	$37M	—	$38M	—	-4.8%

Revenue Flow

Item	Amount
REVENUE	$99M
Cost of Revenue	$8M
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$21M
Operating Expenses	$55M
Cost & Expenses	$62M
OPERATING INCOME	$37M
Interest Income	$76M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$11M
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	$4M
EBIT	$37M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$99M
Cost of Revenue	$8M
GROSS PROFIT	$92M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$21M
Operating Expenses	$55M
Cost & Expenses	$62M
OPERATING INCOME	$37M
Interest Income	$76M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$11M
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	$4M
EBIT	$37M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$4M
Stock-Based Compensation	$329.0K
Deferred Income Tax	$0
Other Non-Cash Items	$8M
Change in Working Capital	$4M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$5M
Acquisitions (Net)	$6M
Purchases of Investments	-$271M
Sales/Maturities of Investments	$301M
Other Investing Activities	-$98M
NET CASH FROM INVESTING	-$67M
Net Debt Issuance	-$20M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$65M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$37M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$606M
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$658M
PP&E (Net)	$40M
Goodwill	$21M
Intangible Assets	$3M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$64M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.2B
Account Payables	$11M
Short-Term Debt	$54M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$87M
TOTAL LIABILITIES	$2.0B
Common Stock	$13M
Additional Paid-In Capital	$108M
Retained Earnings	$84M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$200M
Minority Interest	$0
TOTAL EQUITY	$200M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$141M
Net Debt	$103M