MSBI FY 2015 Earnings Report — Midland States Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Midland States Bancorp, Inc.MSBI

FY 2015 Earnings

Reported December 30, 2015

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	$174M	—	$89M	—	95.5%
Op. Income	$35M	—	$15M	—	129.5%
Gross Margin	86.2%	—	90.3%	—	-4.1pp
Net Margin	14.0%	—	12.1%	—	1.8pp
EPS (Diluted)	$1.63	—	$0.21	—	676.2%
Free Cash Flow	$68M	—	$19M	—	263.4%

Revenue Flow

Item	Amount
REVENUE	$174M
Cost of Revenue	$24M
GROSS PROFIT	$150M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$68M
Other Expenses	$47M
Operating Expenses	$115M
Cost & Expenses	$139M
OPERATING INCOME	$35M
Interest Income	$118M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$11M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$24M
D&A	$13M
EBIT	$35M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$174M
Cost of Revenue	$24M
GROSS PROFIT	$150M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$68M
Other Expenses	$47M
Operating Expenses	$115M
Cost & Expenses	$139M
OPERATING INCOME	$35M
Interest Income	$118M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$35M
Income Tax Expense	$11M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$24M
D&A	$13M
EBIT	$35M
EBITDA	$48M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$13M
Stock-Based Compensation	$413.0K
Deferred Income Tax	$6M
Other Non-Cash Items	$37M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$6M
Acquisitions (Net)	-$20M
Purchases of Investments	-$90M
Sales/Maturities of Investments	$109M
Other Investing Activities	-$222M
NET CASH FROM INVESTING	-$230M
Net Debt Issuance	-$1M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$217M
NET CASH FROM FINANCING	$209M
FREE CASH FLOW	$68M
Net Change in Cash	$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$212M
Short-Term Investments	$237M
Net Receivables	$161M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$611M
PP&E (Net)	$73M
Goodwill	$47M
Intangible Assets	$74M
Long-Term Investments	$2.0B
Tax Assets	$1M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.9B
Account Payables	$979.0K
Short-Term Debt	$108M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$102M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$175M
TOTAL LIABILITIES	$2.7B
Common Stock	$118.0K
Additional Paid-In Capital	$136M
Retained Earnings	$91M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$233M
Minority Interest	$176.0K
TOTAL EQUITY	$233M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$210M
Net Debt	-$2M