NBHC FY 2014 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$233M	—	$227M	—	2.6%
Op. Income	$12M	—	$11M	—	13.5%
Gross Margin	91.1%	—	90.8%	—	0.3pp
Net Margin	3.9%	—	3.1%	—	0.9pp
EPS (Diluted)	$0.22	—	$0.14	—	57.1%
Free Cash Flow	-$4M	—	-$32M	—	86.6%

Revenue Flow

Item	Amount
REVENUE	$233M
Cost of Revenue	$21M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$135M
SG&A Expenses	$140M
Other Expenses	$60M
Operating Expenses	$200M
Cost & Expenses	$220M
OPERATING INCOME	$12M
Interest Income	$183M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$16M
EBIT	$12M
EBITDA	$28M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$233M
Cost of Revenue	$21M
GROSS PROFIT	$212M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$135M
SG&A Expenses	$140M
Other Expenses	$60M
Operating Expenses	$200M
Cost & Expenses	$220M
OPERATING INCOME	$12M
Interest Income	$183M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$16M
EBIT	$12M
EBITDA	$28M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$16M
Stock-Based Compensation	$4M
Deferred Income Tax	-$16M
Other Non-Cash Items	-$21M
Change in Working Capital	$5M
OPERATING CASH FLOW	-$3M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$439M
Other Investing Activities	-$240M
NET CASH FROM INVESTING	$197M
Net Debt Issuance	$40M
Common Stock Repurchased	-$119M
Common Dividends Paid	-$9M
Other Financing Activities	-$39M
NET CASH FROM FINANCING	-$127M
FREE CASH FLOW	-$4M
Net Change in Cash	$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$1.5B
Net Receivables	$17M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$106M
Goodwill	$60M
Intangible Assets	$17M
Long-Term Investments	$2.7B
Tax Assets	$46M
Other Non-Current Assets	$157M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$4.8B
Account Payables	$4M
Short-Term Debt	$134M
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$40M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$62M
TOTAL NON-CURRENT LIABILITIES	$102M
TOTAL LIABILITIES	$4.0B
Common Stock	$512.0K
Additional Paid-In Capital	$993M
Retained Earnings	$41M
Treasury Stock	-$246M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$795M
Minority Interest	$0
TOTAL EQUITY	$795M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$174M
Net Debt	-$83M