GABC FY 2015 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2015 Earnings

Reported March 9, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$109M	—	$104M	—	4.5%
Op. Income	$42M	—	$40M	—	3.1%
Gross Margin	94.4%	—	94.1%	—	0.4pp
Net Margin	27.6%	—	27.2%	—	0.4pp
EPS (Diluted)	$1.51	—	$1.43	—	5.6%
Free Cash Flow	$30M	—	$33M	—	-11.2%

Revenue Flow

Item	Amount
REVENUE	$109M
Cost of Revenue	$6M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$36M
SG&A Expenses	$40M
Other Expenses	$21M
Operating Expenses	$61M
Cost & Expenses	$67M
OPERATING INCOME	$42M
Interest Income	$82M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$12M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$4M
EBIT	$42M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$109M
Cost of Revenue	$6M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$36M
SG&A Expenses	$40M
Other Expenses	$21M
Operating Expenses	$61M
Cost & Expenses	$67M
OPERATING INCOME	$42M
Interest Income	$82M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$42M
Income Tax Expense	$12M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$4M
EBIT	$42M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$4M
Stock-Based Compensation	$963.0K
Deferred Income Tax	-$643.0K
Other Non-Cash Items	-$3M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$117M
Sales/Maturities of Investments	$110M
Other Investing Activities	-$118M
NET CASH FROM INVESTING	-$127M
Net Debt Issuance	$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$47M
NET CASH FROM FINANCING	$105M
FREE CASH FLOW	$30M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$36M
Short-Term Investments	$638M
Net Receivables	$22M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$696M
PP&E (Net)	$38M
Goodwill	$21M
Intangible Assets	$1M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$57M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.4B
Account Payables	$22M
Short-Term Debt	$178M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$92M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$2.1B
Common Stock	$13M
Additional Paid-In Capital	$110M
Retained Earnings	$125M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$252M
Minority Interest	$0
TOTAL EQUITY	$252M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$273M
Net Debt	$237M