GBCI FY 2020 Earnings Report — Glacier Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Glacier Bancorp, Inc.GBCI

FY 2020 Earnings

Reported March 1, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$790M	—	$653M	—	20.9%
Op. Income	$328M	—	$259M	—	26.6%
Gross Margin	91.5%	—	93.4%	—	-1.9pp
Net Margin	33.7%	—	32.2%	—	1.5pp
EPS (Diluted)	$2.81	—	$2.38	—	18.1%
Free Cash Flow	$178M	—	$210M	—	-15.4%

Revenue Flow

Item	Amount
REVENUE	$790M
Cost of Revenue	$67M
GROSS PROFIT	$723M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$261M
SG&A Expenses	$271M
Other Expenses	$124M
Operating Expenses	$395M
Cost & Expenses	$462M
OPERATING INCOME	$328M
Interest Income	$627M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$328M
Income Tax Expense	$62M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$31M
EBIT	$328M
EBITDA	$359M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$790M
Cost of Revenue	$67M
GROSS PROFIT	$723M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$261M
SG&A Expenses	$271M
Other Expenses	$124M
Operating Expenses	$395M
Cost & Expenses	$462M
OPERATING INCOME	$328M
Interest Income	$627M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$328M
Income Tax Expense	$62M
Net Income from Continuing Ops	$266M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$266M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$266M
D&A	$31M
EBIT	$328M
EBITDA	$359M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$266M
Depreciation & Amortization	$31M
Stock-Based Compensation	$4M
Deferred Income Tax	-$7M
Other Non-Cash Items	-$70M
Change in Working Capital	-$34M
OPERATING CASH FLOW	$190M
Capital Expenditure	-$12M
Acquisitions (Net)	$44M
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$868M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$3.6B
Net Debt Issuance	-$38M
Common Stock Repurchased	$0
Common Dividends Paid	-$131M
Other Financing Activities	$3.8B
NET CASH FROM FINANCING	$3.7B
FREE CASH FLOW	$178M
Net Change in Cash	$302M

Balance Sheet

Item	Amount
Cash & Equivalents	$633M
Short-Term Investments	$5.3B
Net Receivables	$75M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.0B
PP&E (Net)	$325M
Goodwill	$514M
Intangible Assets	$56M
Long-Term Investments	$11.3B
Tax Assets	$0
Other Non-Current Assets	$232M
TOTAL NON-CURRENT ASSETS	$12.5B
TOTAL ASSETS	$18.5B
Account Payables	$3M
Short-Term Debt	$1.0B
Deferred Revenue	$0
Other Current Liabilities	$14.8B
TOTAL CURRENT LIABILITIES	$15.8B
Long-Term Debt	$173M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$24M
Other Non-Current Liabilities	$195M
TOTAL NON-CURRENT LIABILITIES	$392M
TOTAL LIABILITIES	$16.2B
Common Stock	$954.0K
Additional Paid-In Capital	$1.5B
Retained Earnings	$668M
Treasury Stock	$0
Accum. Other Comp. Income	$143M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$18.5B
Total Debt	$1.2B
Net Debt	$544M