NBHC FY 2017 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2017 Earnings

Reported February 27, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$204M	—	$200M	—	1.6%
Op. Income	$36M	—	$26M	—	37.9%
Gross Margin	84.7%	—	80.8%	—	3.9pp
Net Margin	7.2%	—	11.5%	—	-4.3pp
EPS (Diluted)	$0.53	—	$0.79	—	-32.9%
Free Cash Flow	$53M	—	-$4M	—	1434.4%

Revenue Flow

Item	Amount
REVENUE	$204M
Cost of Revenue	$31M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$44M
Operating Expenses	$137M
Cost & Expenses	$168M
OPERATING INCOME	$36M
Interest Income	$164M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$21M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$13M
EBIT	$36M
EBITDA	$49M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$204M
Cost of Revenue	$31M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$44M
Operating Expenses	$137M
Cost & Expenses	$168M
OPERATING INCOME	$36M
Interest Income	$164M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$21M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$13M
EBIT	$36M
EBITDA	$49M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$17M
Other Non-Cash Items	-$24M
Change in Working Capital	$34M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$203M
Sales/Maturities of Investments	$296M
Other Investing Activities	-$266M
NET CASH FROM INVESTING	-$179M
Net Debt Issuance	$90M
Common Stock Repurchased	-$94M
Common Dividends Paid	-$9M
Other Financing Activities	$152M
NET CASH FROM FINANCING	$225M
FREE CASH FLOW	$53M
Net Change in Cash	$105M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$855M
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$94M
Goodwill	$60M
Intangible Assets	$2M
Long-Term Investments	$3.4B
Tax Assets	$36M
Other Non-Current Assets	$98M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.8B
Account Payables	$6M
Short-Term Debt	$130M
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$4.1B
Long-Term Debt	$129M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$179M
TOTAL LIABILITIES	$4.3B
Common Stock	$515.0K
Additional Paid-In Capital	$971M
Retained Earnings	$61M
Treasury Stock	-$493M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$532M
Minority Interest	$0
TOTAL EQUITY	$532M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$260M
Net Debt	$2M