GBCI FY 2012 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$336M	—	$358M	—	-6.2%
Op. Income	$95M	—	$17M	—	450.3%
Gross Margin	83.0%	—	69.6%	—	13.4pp
Net Margin	22.5%	—	4.9%	—	17.6pp
EPS (Diluted)	$1.05	—	$0.24	—	337.5%
Free Cash Flow	$173M	—	$169M	—	2.2%

Revenue Flow

Item	Amount
REVENUE	$336M
Cost of Revenue	$57M
GROSS PROFIT	$279M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$97M
SG&A Expenses	$104M
Other Expenses	$80M
Operating Expenses	$184M
Cost & Expenses	$242M
OPERATING INCOME	$95M
Interest Income	$254M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$19M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$13M
EBIT	$95M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$336M
Cost of Revenue	$57M
GROSS PROFIT	$279M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$97M
SG&A Expenses	$104M
Other Expenses	$80M
Operating Expenses	$184M
Cost & Expenses	$242M
OPERATING INCOME	$95M
Interest Income	$254M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$19M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$13M
EBIT	$95M
EBITDA	$107M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$13M
Stock-Based Compensation	$254.0K
Deferred Income Tax	$837.0K
Other Non-Cash Items	$90M
Change in Working Capital	$4M
OPERATING CASH FLOW	$184M
Capital Expenditure	-$11M
Acquisitions (Net)	$0
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$2.0B
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$580M
Net Debt Issuance	-$72M
Common Stock Repurchased	$0
Common Dividends Paid	-$47M
Other Financing Activities	$574M
NET CASH FROM FINANCING	$455M
FREE CASH FLOW	$173M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$187M
Short-Term Investments	$3.7B
Net Receivables	$38M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$159M
Goodwill	$106M
Intangible Assets	$6M
Long-Term Investments	$3.5B
Tax Assets	$20M
Other Non-Current Assets	$87M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$7.7B
Account Payables	$5M
Short-Term Debt	$290M
Deferred Revenue	$0
Other Current Liabilities	$5.4B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$55M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$6.8B
Common Stock	$719.0K
Additional Paid-In Capital	$642M
Retained Earnings	$211M
Treasury Stock	$0
Accum. Other Comp. Income	$48M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$901M
Minority Interest	$0
TOTAL EQUITY	$901M
TOTAL LIABILITIES & EQUITY	$7.7B
Total Debt	$1.4B
Net Debt	$1.2B