GBCI FY 2018 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2018 Earnings

Reported February 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$579M	—	$475M	—	21.9%
Op. Income	$222M	—	$181M	—	22.8%
Gross Margin	92.1%	—	91.4%	—	0.7pp
Net Margin	31.4%	—	24.5%	—	6.9pp
EPS (Diluted)	$2.17	—	$1.75	—	24.0%
Free Cash Flow	$262M	—	$245M	—	7.1%

Revenue Flow

Item	Amount
REVENUE	$579M
Cost of Revenue	$45M
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$199M
SG&A Expenses	$209M
Other Expenses	$103M
Operating Expenses	$312M
Cost & Expenses	$357M
OPERATING INCOME	$222M
Interest Income	$469M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$40M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$22M
EBIT	$222M
EBITDA	$244M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$579M
Cost of Revenue	$45M
GROSS PROFIT	$534M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$199M
SG&A Expenses	$209M
Other Expenses	$103M
Operating Expenses	$312M
Cost & Expenses	$357M
OPERATING INCOME	$222M
Interest Income	$469M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$222M
Income Tax Expense	$40M
Net Income from Continuing Ops	$182M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$182M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$182M
D&A	$22M
EBIT	$222M
EBITDA	$244M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$182M
Depreciation & Amortization	$22M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	$57M
Change in Working Capital	$10M
OPERATING CASH FLOW	$281M
Capital Expenditure	-$19M
Acquisitions (Net)	$101M
Purchases of Investments	-$946M
Sales/Maturities of Investments	$749M
Other Investing Activities	-$758M
NET CASH FROM INVESTING	-$872M
Net Debt Issuance	$79M
Common Stock Repurchased	$0
Common Dividends Paid	-$85M
Other Financing Activities	$603M
NET CASH FROM FINANCING	$595M
FREE CASH FLOW	$262M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$204M
Short-Term Investments	$2.6B
Net Receivables	$54M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.8B
PP&E (Net)	$242M
Goodwill	$290M
Intangible Assets	$49M
Long-Term Investments	$8.5B
Tax Assets	$24M
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$9.3B
TOTAL ASSETS	$12.1B
Account Payables	$4M
Short-Term Debt	$396M
Deferred Revenue	$0
Other Current Liabilities	$9.5B
TOTAL CURRENT LIABILITIES	$9.9B
Long-Term Debt	$589M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$117M
TOTAL NON-CURRENT LIABILITIES	$705M
TOTAL LIABILITIES	$10.6B
Common Stock	$845.0K
Additional Paid-In Capital	$1.1B
Retained Earnings	$473M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$12.1B
Total Debt	$985M
Net Debt	$781M