GABC FY 2022 Earnings Report — German American Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

German American Bancorp, Inc.GABC

FY 2022 Earnings

Reported March 1, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$278M	—	$230M	—	21.0%
Op. Income	$99M	—	$103M	—	-3.5%
Gross Margin	91.1%	—	98.7%	—	-7.6pp
Net Margin	29.4%	—	36.6%	—	-7.2pp
EPS (Diluted)	$2.78	—	$3.17	—	-12.3%
Free Cash Flow	$102M	—	$96M	—	6.3%

Revenue Flow

Item	Amount
REVENUE	$278M
Cost of Revenue	$25M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$86M
SG&A Expenses	$90M
Other Expenses	$64M
Operating Expenses	$154M
Cost & Expenses	$179M
OPERATING INCOME	$99M
Interest Income	$219M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$99M
Income Tax Expense	$17M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$10M
EBIT	$99M
EBITDA	$109M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$278M
Cost of Revenue	$25M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$86M
SG&A Expenses	$90M
Other Expenses	$64M
Operating Expenses	$154M
Cost & Expenses	$179M
OPERATING INCOME	$99M
Interest Income	$219M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$99M
Income Tax Expense	$17M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$10M
EBIT	$99M
EBITDA	$109M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$10M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	$532.0K
OPERATING CASH FLOW	$110M
Capital Expenditure	-$8M
Acquisitions (Net)	$208M
Purchases of Investments	-$418M
Sales/Maturities of Investments	$289M
Other Investing Activities	-$95M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$27M
Other Financing Activities	-$325M
NET CASH FROM FINANCING	-$364M
FREE CASH FLOW	$102M
Net Change in Cash	-$278M

Balance Sheet

Item	Amount
Cash & Equivalents	$76M
Short-Term Investments	$1.8B
Net Receivables	$124M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$112M
Goodwill	$180M
Intangible Assets	$9M
Long-Term Investments	$3.7B
Tax Assets	$0
Other Non-Current Assets	$143M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$6.2B
Account Payables	$44M
Short-Term Debt	$101M
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$100M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$103M
TOTAL LIABILITIES	$5.6B
Common Stock	$29M
Additional Paid-In Capital	$387M
Retained Earnings	$405M
Treasury Stock	$0
Accum. Other Comp. Income	-$263M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$558M
Minority Interest	$0
TOTAL EQUITY	$558M
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$204M
Net Debt	$128M