GBCI FY 2009 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2009 Earnings

Reported March 1, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$389M	—	$364M	—	6.9%
Op. Income	$38M	—	$99M	—	-61.3%
Gross Margin	53.3%	—	67.4%	—	-14.1pp
Net Margin	8.8%	—	18.0%	—	-9.2pp
EPS (Diluted)	$0.56	—	$1.19	—	-52.9%
Free Cash Flow	$85M	—	$72M	—	18.0%

Revenue Flow

Item	Amount
REVENUE	$389M
Cost of Revenue	$182M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$97M
SG&A Expenses	$103M
Other Expenses	$66M
Operating Expenses	$169M
Cost & Expenses	$351M
OPERATING INCOME	$38M
Interest Income	$302M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$4M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$14M
EBIT	$38M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$389M
Cost of Revenue	$182M
GROSS PROFIT	$207M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$97M
SG&A Expenses	$103M
Other Expenses	$66M
Operating Expenses	$169M
Cost & Expenses	$351M
OPERATING INCOME	$38M
Interest Income	$302M
Interest Expense	$57M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$4M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$14M
EBIT	$38M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$14M
Stock-Based Compensation	$2M
Deferred Income Tax	-$30M
Other Non-Cash Items	$109M
Change in Working Capital	-$33M
OPERATING CASH FLOW	$97M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$768M
Sales/Maturities of Investments	$353M
Other Investing Activities	$64M
NET CASH FROM INVESTING	-$364M
Net Debt Issuance	$451M
Common Stock Repurchased	$0
Common Dividends Paid	-$32M
Other Financing Activities	-$77M
NET CASH FROM FINANCING	$342M
FREE CASH FLOW	$85M
Net Change in Cash	$75M

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$0
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$153M
PP&E (Net)	$141M
Goodwill	$146M
Intangible Assets	$14M
Long-Term Investments	$5.5B
Tax Assets	$41M
Other Non-Current Assets	$203M
TOTAL NON-CURRENT ASSETS	$6.0B
TOTAL ASSETS	$6.2B
Account Payables	$8M
Short-Term Debt	$451M
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$4.6B
Long-Term Debt	$915M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$947M
TOTAL LIABILITIES	$5.5B
Common Stock	$616.0K
Additional Paid-In Capital	$497M
Retained Earnings	$188M
Treasury Stock	$0
Accum. Other Comp. Income	-$348.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$686M
Minority Interest	$0
TOTAL EQUITY	$686M
TOTAL LIABILITIES & EQUITY	$6.2B
Total Debt	$1.4B
Net Debt	$1.2B