GBCI FY 2013 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$347M	—	$336M	—	3.2%
Op. Income	$126M	—	$95M	—	32.8%
Gross Margin	89.7%	—	83.0%	—	6.8pp
Net Margin	27.6%	—	22.5%	—	5.1pp
EPS (Diluted)	$1.31	—	$1.05	—	24.8%
Free Cash Flow	$325M	—	$173M	—	87.9%

Revenue Flow

Item	Amount
REVENUE	$347M
Cost of Revenue	$36M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$107M
SG&A Expenses	$114M
Other Expenses	$72M
Operating Expenses	$186M
Cost & Expenses	$221M
OPERATING INCOME	$126M
Interest Income	$264M
Interest Expense	$29M
Other Income/Expenses	$0
INCOME BEFORE TAX	$126M
Income Tax Expense	$30M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$13M
EBIT	$126M
EBITDA	$139M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$347M
Cost of Revenue	$36M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$107M
SG&A Expenses	$114M
Other Expenses	$72M
Operating Expenses	$186M
Cost & Expenses	$221M
OPERATING INCOME	$126M
Interest Income	$264M
Interest Expense	$29M
Other Income/Expenses	$0
INCOME BEFORE TAX	$126M
Income Tax Expense	$30M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$13M
EBIT	$126M
EBITDA	$139M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$13M
Stock-Based Compensation	$1M
Deferred Income Tax	$5M
Other Non-Cash Items	$211M
Change in Working Capital	$9M
OPERATING CASH FLOW	$334M
Capital Expenditure	-$9M
Acquisitions (Net)	$26M
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.9B
Other Investing Activities	-$307M
NET CASH FROM INVESTING	$149M
Net Debt Issuance	-$164M
Common Stock Repurchased	$0
Common Dividends Paid	-$44M
Other Financing Activities	-$307M
NET CASH FROM FINANCING	-$515M
FREE CASH FLOW	$325M
Net Change in Cash	-$31M

Balance Sheet

Item	Amount
Cash & Equivalents	$145M
Short-Term Investments	$3.2B
Net Receivables	$42M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.4B
PP&E (Net)	$168M
Goodwill	$130M
Intangible Assets	$10M
Long-Term Investments	$4.0B
Tax Assets	$44M
Other Non-Current Assets	$93M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$7.9B
Account Payables	$4M
Short-Term Debt	$313M
Deferred Revenue	$0
Other Current Liabilities	$5.6B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$974M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$6.9B
Common Stock	$744.0K
Additional Paid-In Capital	$691M
Retained Earnings	$262M
Treasury Stock	$0
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$963M
Minority Interest	$0
TOTAL EQUITY	$963M
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$1.3B
Net Debt	$1.1B