GABC FY 2014 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2014 Earnings

Reported March 9, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$104M	—	$99M	—	5.1%
Op. Income	$40M	—	$37M	—	9.6%
Gross Margin	94.1%	—	92.4%	—	1.6pp
Net Margin	27.2%	—	25.6%	—	1.6pp
EPS (Diluted)	$1.43	—	$1.32	—	8.3%
Free Cash Flow	$33M	—	$37M	—	-8.6%

Revenue Flow

Item	Amount
REVENUE	$104M
Cost of Revenue	$6M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$34M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$64M
OPERATING INCOME	$40M
Interest Income	$80M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$12M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$5M
EBIT	$40M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$104M
Cost of Revenue	$6M
GROSS PROFIT	$98M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$34M
SG&A Expenses	$36M
Other Expenses	$22M
Operating Expenses	$58M
Cost & Expenses	$64M
OPERATING INCOME	$40M
Interest Income	$80M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$12M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$28M
D&A	$5M
EBIT	$40M
EBITDA	$45M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$5M
Stock-Based Compensation	$627.0K
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	-$202.0K
OPERATING CASH FLOW	$36M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$152M
Sales/Maturities of Investments	$139M
Other Investing Activities	-$63M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	$65M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	-$32M
NET CASH FROM FINANCING	$24M
FREE CASH FLOW	$33M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$631M
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$687M
PP&E (Net)	$40M
Goodwill	$21M
Intangible Assets	$2M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.2B
Account Payables	$22M
Short-Term Debt	$141M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$61M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$2.0B
Common Stock	$13M
Additional Paid-In Capital	$109M
Retained Earnings	$104M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$229M
Minority Interest	$0
TOTAL EQUITY	$229M
TOTAL LIABILITIES & EQUITY	$2.2B
Total Debt	$206M
Net Debt	$172M