GBCI FY 2017 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2017 Earnings

Reported February 22, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$475M	—	$439M	—	8.4%
Op. Income	$181M	—	$161M	—	12.6%
Gross Margin	91.4%	—	92.7%	—	-1.3pp
Net Margin	24.5%	—	27.6%	—	-3.1pp
EPS (Diluted)	$1.75	—	$1.59	—	10.1%
Free Cash Flow	$245M	—	$185M	—	32.4%

Revenue Flow

Item	Amount
REVENUE	$475M
Cost of Revenue	$41M
GROSS PROFIT	$435M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$165M
SG&A Expenses	$173M
Other Expenses	$81M
Operating Expenses	$254M
Cost & Expenses	$294M
OPERATING INCOME	$181M
Interest Income	$375M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$181M
Income Tax Expense	$65M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$17M
EBIT	$181M
EBITDA	$198M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$475M
Cost of Revenue	$41M
GROSS PROFIT	$435M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$165M
SG&A Expenses	$173M
Other Expenses	$81M
Operating Expenses	$254M
Cost & Expenses	$294M
OPERATING INCOME	$181M
Interest Income	$375M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$181M
Income Tax Expense	$65M
Net Income from Continuing Ops	$116M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$116M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$116M
D&A	$17M
EBIT	$181M
EBITDA	$198M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$116M
Depreciation & Amortization	$17M
Stock-Based Compensation	$3M
Deferred Income Tax	$26M
Other Non-Cash Items	$93M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$255M
Capital Expenditure	-$10M
Acquisitions (Net)	-$4M
Purchases of Investments	-$122M
Sales/Maturities of Investments	$788M
Other Investing Activities	-$628M
NET CASH FROM INVESTING	$24M
Net Debt Issuance	$83M
Common Stock Repurchased	$0
Common Dividends Paid	-$112M
Other Financing Activities	-$202M
NET CASH FROM FINANCING	-$231M
FREE CASH FLOW	$245M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$1.8B
Net Receivables	$44M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$177M
Goodwill	$178M
Intangible Assets	$14M
Long-Term Investments	$7.2B
Tax Assets	$38M
Other Non-Current Assets	$111M
TOTAL NON-CURRENT ASSETS	$7.7B
TOTAL ASSETS	$9.7B
Account Payables	$3M
Short-Term Debt	$363M
Deferred Revenue	$0
Other Current Liabilities	$7.6B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$488M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$562M
TOTAL LIABILITIES	$8.5B
Common Stock	$780.0K
Additional Paid-In Capital	$798M
Retained Earnings	$402M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.7B
Total Debt	$851M
Net Debt	$651M