NBHC FY 2020 Earnings Report — National Bank Holdings Corporation Revenue & Financial Results | Market Cap Arena

National Bank Holdings CorporationNBHC

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$354M	—	$328M	—	8.0%
Op. Income	$109M	—	$96M	—	13.7%
Gross Margin	87.9%	—	85.2%	—	2.7pp
Net Margin	25.0%	—	24.5%	—	0.5pp
EPS (Diluted)	$2.85	—	$2.55	—	11.8%
Free Cash Flow	-$11M	—	$33M	—	-132.0%

Revenue Flow

Item	Amount
REVENUE	$354M
Cost of Revenue	$43M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$142M
SG&A Expenses	$145M
Other Expenses	$57M
Operating Expenses	$202M
Cost & Expenses	$245M
OPERATING INCOME	$109M
Interest Income	$217M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$21M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$14M
EBIT	$109M
EBITDA	$124M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$354M
Cost of Revenue	$43M
GROSS PROFIT	$311M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$142M
SG&A Expenses	$145M
Other Expenses	$57M
Operating Expenses	$202M
Cost & Expenses	$245M
OPERATING INCOME	$109M
Interest Income	$217M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$109M
Income Tax Expense	$21M
Net Income from Continuing Ops	$89M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$89M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$88M
D&A	$14M
EBIT	$109M
EBITDA	$124M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$89M
Depreciation & Amortization	$14M
Stock-Based Compensation	$5M
Deferred Income Tax	$3M
Other Non-Cash Items	-$123M
Change in Working Capital	$5M
OPERATING CASH FLOW	-$6M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$574M
Sales/Maturities of Investments	$373M
Other Investing Activities	$53M
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	-$208M
Common Stock Repurchased	-$19M
Common Dividends Paid	-$25M
Other Financing Activities	$906M
NET CASH FROM FINANCING	$654M
FREE CASH FLOW	-$11M
Net Change in Cash	$495M

Balance Sheet

Item	Amount
Cash & Equivalents	$606M
Short-Term Investments	$662M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$107M
Goodwill	$115M
Intangible Assets	$18M
Long-Term Investments	$4.9B
Tax Assets	$0
Other Non-Current Assets	$234M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.7B
Account Payables	$0
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$5.7B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$140M
TOTAL LIABILITIES	$5.8B
Common Stock	$515.0K
Additional Paid-In Capital	$1.0B
Retained Earnings	$223M
Treasury Stock	-$424M
Accum. Other Comp. Income	$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$821M
Minority Interest	$0
TOTAL EQUITY	$821M
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$23M
Net Debt	-$583M