GABC FY 2019 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2019 Earnings

Reported March 2, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$222M	—	$171M	—	29.9%
Op. Income	$71M	—	$56M	—	27.1%
Gross Margin	83.5%	—	87.6%	—	-4.1pp
Net Margin	26.7%	—	27.2%	—	-0.6pp
EPS (Diluted)	$2.29	—	$1.99	—	15.1%
Free Cash Flow	$56M	—	$47M	—	18.5%

Revenue Flow

Item	Amount
REVENUE	$222M
Cost of Revenue	$37M
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$64M
SG&A Expenses	$69M
Other Expenses	$46M
Operating Expenses	$114M
Cost & Expenses	$151M
OPERATING INCOME	$71M
Interest Income	$176M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$12M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$9M
EBIT	$71M
EBITDA	$80M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$222M
Cost of Revenue	$37M
GROSS PROFIT	$185M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$64M
SG&A Expenses	$69M
Other Expenses	$46M
Operating Expenses	$114M
Cost & Expenses	$151M
OPERATING INCOME	$71M
Interest Income	$176M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$12M
Net Income from Continuing Ops	$59M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$59M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$59M
D&A	$9M
EBIT	$71M
EBITDA	$80M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$59M
Depreciation & Amortization	$9M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	-$7M
Change in Working Capital	$3M
OPERATING CASH FLOW	$65M
Capital Expenditure	-$9M
Acquisitions (Net)	$6M
Purchases of Investments	-$170M
Sales/Maturities of Investments	$198M
Other Investing Activities	$6M
NET CASH FROM INVESTING	$31M
Net Debt Issuance	-$58M
Common Stock Repurchased	$0
Common Dividends Paid	-$18M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$89M
FREE CASH FLOW	$56M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$855M
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$961M
PP&E (Net)	$97M
Goodwill	$121M
Intangible Assets	$13M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$127M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$4.4B
Account Payables	$44M
Short-Term Debt	$168M
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$179M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$182M
TOTAL LIABILITIES	$3.8B
Common Stock	$27M
Additional Paid-In Capital	$279M
Retained Earnings	$253M
Treasury Stock	$0
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$574M
Minority Interest	$0
TOTAL EQUITY	$574M
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$350M
Net Debt	$288M