GABC FY 2017 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$143M	—	$135M	—	5.5%
Op. Income	$52M	—	$49M	—	6.3%
Gross Margin	91.0%	—	92.9%	—	-1.9pp
Net Margin	28.5%	—	26.0%	—	2.5pp
EPS (Diluted)	$1.77	—	$1.57	—	12.7%
Free Cash Flow	$44M	—	$37M	—	19.1%

Revenue Flow

Item	Amount
REVENUE	$143M
Cost of Revenue	$13M
GROSS PROFIT	$130M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$48M
SG&A Expenses	$51M
Other Expenses	$27M
Operating Expenses	$78M
Cost & Expenses	$91M
OPERATING INCOME	$52M
Interest Income	$111M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$12M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$5M
EBIT	$52M
EBITDA	$57M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$143M
Cost of Revenue	$13M
GROSS PROFIT	$130M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$48M
SG&A Expenses	$51M
Other Expenses	$27M
Operating Expenses	$78M
Cost & Expenses	$91M
OPERATING INCOME	$52M
Interest Income	$111M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$52M
Income Tax Expense	$12M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$5M
EBIT	$52M
EBITDA	$57M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$5M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$13M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$55M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	-$157M
Sales/Maturities of Investments	$129M
Other Investing Activities	$0
NET CASH FROM INVESTING	-$189M
Net Debt Issuance	$17M
Common Stock Repurchased	-$29.0K
Common Dividends Paid	-$12M
Other Financing Activities	$135M
NET CASH FROM FINANCING	$140M
FREE CASH FLOW	$44M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$741M
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$818M
PP&E (Net)	$54M
Goodwill	$54M
Intangible Assets	$2M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$83M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$3.1B
Account Payables	$21M
Short-Term Debt	$133M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.6B
Long-Term Debt	$138M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$142M
TOTAL LIABILITIES	$2.8B
Common Stock	$23M
Additional Paid-In Capital	$165M
Retained Earnings	$179M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$365M
Minority Interest	$0
TOTAL EQUITY	$365M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$275M
Net Debt	$228M