GBCI FY 2019 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2019 Earnings

Reported February 21, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$653M	—	$579M	—	12.8%
Op. Income	$259M	—	$222M	—	16.6%
Gross Margin	93.4%	—	92.1%	—	1.3pp
Net Margin	32.2%	—	31.4%	—	0.8pp
EPS (Diluted)	$2.38	—	$2.17	—	9.7%
Free Cash Flow	$210M	—	$262M	—	-19.8%

Revenue Flow

Item	Amount
REVENUE	$653M
Cost of Revenue	$43M
GROSS PROFIT	$610M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$228M
SG&A Expenses	$239M
Other Expenses	$113M
Operating Expenses	$351M
Cost & Expenses	$394M
OPERATING INCOME	$259M
Interest Income	$546M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$49M
Net Income from Continuing Ops	$211M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$27M
EBIT	$259M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$653M
Cost of Revenue	$43M
GROSS PROFIT	$610M
R&D Expenses	$0
Selling & Marketing	$11M
General & Administrative	$228M
SG&A Expenses	$239M
Other Expenses	$113M
Operating Expenses	$351M
Cost & Expenses	$394M
OPERATING INCOME	$259M
Interest Income	$546M
Interest Expense	$43M
Other Income/Expenses	$0
INCOME BEFORE TAX	$259M
Income Tax Expense	$49M
Net Income from Continuing Ops	$211M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$211M
D&A	$27M
EBIT	$259M
EBITDA	$286M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$211M
Depreciation & Amortization	$27M
Stock-Based Compensation	$7M
Deferred Income Tax	-$356.0K
Other Non-Cash Items	-$26M
Change in Working Capital	$8M
OPERATING CASH FLOW	$227M
Capital Expenditure	-$16M
Acquisitions (Net)	$63M
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$1.6B
Other Investing Activities	-$369M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$392M
Common Stock Repurchased	$0
Common Dividends Paid	-$124M
Other Financing Activities	$460M
NET CASH FROM FINANCING	-$57M
FREE CASH FLOW	$210M
Net Change in Cash	$127M

Balance Sheet

Item	Amount
Cash & Equivalents	$331M
Short-Term Investments	$2.6B
Net Receivables	$56M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.0B
PP&E (Net)	$310M
Goodwill	$456M
Intangible Assets	$63M
Long-Term Investments	$9.7B
Tax Assets	$2M
Other Non-Current Assets	$196M
TOTAL NON-CURRENT ASSETS	$10.7B
TOTAL ASSETS	$13.7B
Account Payables	$5M
Short-Term Debt	$570M
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$11.4B
Long-Term Debt	$207M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$165M
TOTAL NON-CURRENT LIABILITIES	$372M
TOTAL LIABILITIES	$11.7B
Common Stock	$923.0K
Additional Paid-In Capital	$1.4B
Retained Earnings	$541M
Treasury Stock	$0
Accum. Other Comp. Income	$40M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$13.7B
Total Debt	$777M
Net Debt	$446M