GABC FY 2020 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$229M	—	$222M	—	3.1%
Op. Income	$75M	—	$71M	—	5.3%
Gross Margin	84.0%	—	83.5%	—	0.4pp
Net Margin	27.2%	—	26.7%	—	0.5pp
EPS (Diluted)	$2.34	—	$2.29	—	2.2%
Free Cash Flow	$85M	—	$56M	—	52.8%

Revenue Flow

Item	Amount
REVENUE	$229M
Cost of Revenue	$37M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$45M
Operating Expenses	$117M
Cost & Expenses	$154M
OPERATING INCOME	$75M
Interest Income	$174M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$13M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$9M
EBIT	$75M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$229M
Cost of Revenue	$37M
GROSS PROFIT	$192M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$45M
Operating Expenses	$117M
Cost & Expenses	$154M
OPERATING INCOME	$75M
Interest Income	$174M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$75M
Income Tax Expense	$13M
Net Income from Continuing Ops	$62M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$62M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$62M
D&A	$9M
EBIT	$75M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$62M
Depreciation & Amortization	$9M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$18M
Change in Working Capital	$2M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$665M
Sales/Maturities of Investments	$327M
Other Investing Activities	-$836.0K
NET CASH FROM INVESTING	-$346M
Net Debt Issuance	-$155M
Common Stock Repurchased	$0
Common Dividends Paid	-$20M
Other Financing Activities	$677M
NET CASH FROM FINANCING	$496M
FREE CASH FLOW	$85M
Net Change in Cash	$242M

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$1.2B
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$97M
Goodwill	$122M
Intangible Assets	$9M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$371M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$5.0B
Account Payables	$52M
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$138M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$142M
TOTAL LIABILITIES	$4.4B
Common Stock	$27M
Additional Paid-In Capital	$274M
Retained Earnings	$288M
Treasury Stock	$0
Accum. Other Comp. Income	$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$625M
Minority Interest	$0
TOTAL EQUITY	$625M
TOTAL LIABILITIES & EQUITY	$5.0B
Total Debt	$195M
Net Debt	$135M