GBCI FY 2016 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2016 Earnings

Reported February 23, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$439M	—	$408M	—	7.4%
Op. Income	$161M	—	$150M	—	7.1%
Gross Margin	92.7%	—	92.3%	—	0.4pp
Net Margin	27.6%	—	28.4%	—	-0.8pp
EPS (Diluted)	$1.59	—	$1.54	—	3.2%
Free Cash Flow	$185M	—	$159M	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$439M
Cost of Revenue	$32M
GROSS PROFIT	$407M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$155M
SG&A Expenses	$164M
Other Expenses	$82M
Operating Expenses	$246M
Cost & Expenses	$278M
OPERATING INCOME	$161M
Interest Income	$344M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$161M
Income Tax Expense	$40M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$18M
EBIT	$161M
EBITDA	$179M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$439M
Cost of Revenue	$32M
GROSS PROFIT	$407M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$155M
SG&A Expenses	$164M
Other Expenses	$82M
Operating Expenses	$246M
Cost & Expenses	$278M
OPERATING INCOME	$161M
Interest Income	$344M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$161M
Income Tax Expense	$40M
Net Income from Continuing Ops	$121M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$121M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$121M
D&A	$18M
EBIT	$161M
EBITDA	$179M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$121M
Depreciation & Amortization	$18M
Stock-Based Compensation	$2M
Deferred Income Tax	-$82.0K
Other Non-Cash Items	$53M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$193M
Capital Expenditure	-$8M
Acquisitions (Net)	$7M
Purchases of Investments	-$661M
Sales/Maturities of Investments	$824M
Other Investing Activities	-$583M
NET CASH FROM INVESTING	-$421M
Net Debt Issuance	-$146M
Common Stock Repurchased	$0
Common Dividends Paid	-$84M
Other Financing Activities	$418M
NET CASH FROM FINANCING	$188M
FREE CASH FLOW	$185M
Net Change in Cash	-$41M

Balance Sheet

Item	Amount
Cash & Equivalents	$153M
Short-Term Investments	$2.4B
Net Receivables	$46M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.6B
PP&E (Net)	$176M
Goodwill	$147M
Intangible Assets	$12M
Long-Term Investments	$6.3B
Tax Assets	$67M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$6.8B
TOTAL ASSETS	$9.5B
Account Payables	$4M
Short-Term Debt	$474M
Deferred Revenue	$0
Other Current Liabilities	$7.4B
TOTAL CURRENT LIABILITIES	$7.8B
Long-Term Debt	$382M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$102M
TOTAL NON-CURRENT LIABILITIES	$484M
TOTAL LIABILITIES	$8.3B
Common Stock	$765.0K
Additional Paid-In Capital	$749M
Retained Earnings	$374M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.5B
Total Debt	$856M
Net Debt	$703M