HTH FY 2015 Earnings Report — Hilltop Holdings Inc. Revenue & Financial Results | Market Cap Arena

Hilltop Holdings Inc.HTH

FY 2015 Earnings

Reported February 24, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.1B	—	39.8%
Op. Income	$283M	—	$178M	—	59.1%
Gross Margin	95.2%	—	96.0%	—	-0.8pp
Net Margin	13.7%	—	10.1%	—	3.6pp
EPS (Diluted)	$2.09	—	$1.17	—	78.6%
Free Cash Flow	$4M	—	-$135M	—	103.3%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$74M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$949M
SG&A Expenses	$949M
Other Expenses	$233M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$283M
Interest Income	$470M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$283M
Income Tax Expense	$71M
Net Income from Continuing Ops	$213M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	-$83M
EBIT	$283M
EBITDA	$200M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$74M
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$27M
General & Administrative	$949M
SG&A Expenses	$949M
Other Expenses	$233M
Operating Expenses	$1.2B
Cost & Expenses	$1.3B
OPERATING INCOME	$283M
Interest Income	$470M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$283M
Income Tax Expense	$71M
Net Income from Continuing Ops	$213M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$211M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$208M
D&A	-$83M
EBIT	$283M
EBITDA	$200M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$213M
Depreciation & Amortization	-$83M
Stock-Based Compensation	$0
Deferred Income Tax	$17M
Other Non-Cash Items	-$292M
Change in Working Capital	$181M
OPERATING CASH FLOW	$36M
Capital Expenditure	-$31M
Acquisitions (Net)	$41M
Purchases of Investments	-$279M
Sales/Maturities of Investments	$762M
Other Investing Activities	-$51M
NET CASH FROM INVESTING	$442M
Net Debt Issuance	$128M
Common Stock Repurchased	-$144M
Common Dividends Paid	$0
Other Financing Activities	-$602M
NET CASH FROM FINANCING	-$622M
FREE CASH FLOW	$4M
Net Change in Cash	-$144M

Balance Sheet

Item	Amount
Cash & Equivalents	$652M
Short-Term Investments	$674M
Net Receivables	$1.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$201M
Goodwill	$252M
Intangible Assets	$55M
Long-Term Investments	$7.4B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$9.2B
TOTAL ASSETS	$11.9B
Account Payables	$1.3B
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$9.4B
Long-Term Debt	$299M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$455M
TOTAL NON-CURRENT LIABILITIES	$753M
TOTAL LIABILITIES	$10.1B
Common Stock	$989.0K
Additional Paid-In Capital	$1.6B
Retained Earnings	$155M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$591.0K
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$1M
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$11.9B
Total Debt	$1.4B
Net Debt	$731M