HOMB FY 2022 Earnings Report — Home Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Home Bancshares, Inc.HOMB

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.0B	—	$752M	—	37.8%
Op. Income	$395M	—	$417M	—	-5.3%
Gross Margin	82.6%	—	93.7%	—	-11.1pp
Net Margin	29.5%	—	42.4%	—	-13.0pp
EPS (Diluted)	$1.57	—	$1.94	—	-19.1%
Free Cash Flow	$394M	—	$379M	—	3.8%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$181M
GROSS PROFIT	$855M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$253M
SG&A Expenses	$260M
Other Expenses	$200M
Operating Expenses	$461M
Cost & Expenses	$641M
OPERATING INCOME	$395M
Interest Income	$878M
Interest Expense	$119M
Other Income/Expenses	$0
INCOME BEFORE TAX	$395M
Income Tax Expense	$89M
Net Income from Continuing Ops	$305M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$305M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$32M
EBIT	$395M
EBITDA	$426M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$181M
GROSS PROFIT	$855M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$253M
SG&A Expenses	$260M
Other Expenses	$200M
Operating Expenses	$461M
Cost & Expenses	$641M
OPERATING INCOME	$395M
Interest Income	$878M
Interest Expense	$119M
Other Income/Expenses	$0
INCOME BEFORE TAX	$395M
Income Tax Expense	$89M
Net Income from Continuing Ops	$305M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$305M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$305M
D&A	$32M
EBIT	$395M
EBITDA	$426M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$305M
Depreciation & Amortization	$32M
Stock-Based Compensation	$9M
Deferred Income Tax	$2M
Other Non-Cash Items	$57M
Change in Working Capital	$7M
OPERATING CASH FLOW	$413M
Capital Expenditure	-$20M
Acquisitions (Net)	$859M
Purchases of Investments	-$2.0B
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$899M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$168M
Common Stock Repurchased	-$71M
Common Dividends Paid	-$128M
Other Financing Activities	-$2.2B
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$394M
Net Change in Cash	-$2.9B

Balance Sheet

Item	Amount
Cash & Equivalents	$725M
Short-Term Investments	$4.0B
Net Receivables	$103M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.9B
PP&E (Net)	$405M
Goodwill	$1.4B
Intangible Assets	$58M
Long-Term Investments	$15.4B
Tax Assets	$209M
Other Non-Current Assets	$535M
TOTAL NON-CURRENT ASSETS	$18.0B
TOTAL ASSETS	$22.9B
Account Payables	$197M
Short-Term Debt	$131M
Deferred Revenue	$0
Other Current Liabilities	$17.9B
TOTAL CURRENT LIABILITIES	$18.3B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$19.4B
Common Stock	$2M
Additional Paid-In Capital	$2.4B
Retained Earnings	$1.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$305M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$0
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$22.9B
Total Debt	$1.2B
Net Debt	$497M