GBCI FY 2010 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2010 Earnings

Reported February 28, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$376M	—	$389M	—	-3.3%
Op. Income	$50M	—	$38M	—	29.5%
Gross Margin	63.2%	—	53.3%	—	9.9pp
Net Margin	11.3%	—	8.8%	—	2.4pp
EPS (Diluted)	$0.61	—	$0.56	—	8.9%
Free Cash Flow	$171M	—	$85M	—	101.8%

Revenue Flow

Item	Amount
REVENUE	$376M
Cost of Revenue	$138M
GROSS PROFIT	$238M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$100M
SG&A Expenses	$107M
Other Expenses	$81M
Operating Expenses	$188M
Cost & Expenses	$326M
OPERATING INCOME	$50M
Interest Income	$288M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$7M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$14M
EBIT	$50M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$376M
Cost of Revenue	$138M
GROSS PROFIT	$238M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$100M
SG&A Expenses	$107M
Other Expenses	$81M
Operating Expenses	$188M
Cost & Expenses	$326M
OPERATING INCOME	$50M
Interest Income	$288M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$7M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$14M
EBIT	$50M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$14M
Stock-Based Compensation	$932.0K
Deferred Income Tax	$138.0K
Other Non-Cash Items	$130M
Change in Working Capital	$7M
OPERATING CASH FLOW	$194M
Capital Expenditure	-$23M
Acquisitions (Net)	$0
Purchases of Investments	-$1.7B
Sales/Maturities of Investments	$700M
Other Investing Activities	$166M
NET CASH FROM INVESTING	-$823M
Net Debt Issuance	$175M
Common Stock Repurchased	$0
Common Dividends Paid	-$37M
Other Financing Activities	$386M
NET CASH FROM FINANCING	$523M
FREE CASH FLOW	$171M
Net Change in Cash	-$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$0
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$135M
PP&E (Net)	$152M
Goodwill	$146M
Intangible Assets	$11M
Long-Term Investments	$6.1B
Tax Assets	$40M
Other Non-Current Assets	$125M
TOTAL NON-CURRENT ASSETS	$6.6B
TOTAL ASSETS	$6.8B
Account Payables	$7M
Short-Term Debt	$269M
Deferred Revenue	$0
Other Current Liabilities	$4.5B
TOTAL CURRENT LIABILITIES	$4.8B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$5.9B
Common Stock	$719.0K
Additional Paid-In Capital	$644M
Retained Earnings	$193M
Treasury Stock	$0
Accum. Other Comp. Income	$528.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$838M
Minority Interest	$0
TOTAL EQUITY	$838M
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$1.4B
Net Debt	$1.3B