NBTB FY 2016 Earnings Report — NBT Bancorp Inc. Revenue & Financial Results | Market Cap Arena

NBT Bancorp Inc.NBTB

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$399M	—	$385M	—	3.7%
Op. Income	$119M	—	$117M	—	1.9%
Gross Margin	88.0%	—	89.9%	—	-1.9pp
Net Margin	19.6%	—	19.9%	—	-0.2pp
EPS (Diluted)	$1.80	—	$1.72	—	4.7%
Free Cash Flow	$106M	—	$116M	—	-8.7%

Revenue Flow

Item	Amount
REVENUE	$399M
Cost of Revenue	$48M
GROSS PROFIT	$351M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$160M
SG&A Expenses	$162M
Other Expenses	$70M
Operating Expenses	$232M
Cost & Expenses	$280M
OPERATING INCOME	$119M
Interest Income	$287M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$40M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$13M
EBIT	$119M
EBITDA	$132M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$399M
Cost of Revenue	$48M
GROSS PROFIT	$351M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$160M
SG&A Expenses	$162M
Other Expenses	$70M
Operating Expenses	$232M
Cost & Expenses	$280M
OPERATING INCOME	$119M
Interest Income	$287M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$40M
Net Income from Continuing Ops	$78M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$78M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$78M
D&A	$13M
EBIT	$119M
EBITDA	$132M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$78M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	$23M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$110M
Capital Expenditure	-$3M
Acquisitions (Net)	-$2M
Purchases of Investments	-$755M
Sales/Maturities of Investments	$524M
Other Investing Activities	-$394M
NET CASH FROM INVESTING	-$630M
Net Debt Issuance	$213M
Common Stock Repurchased	-$17M
Common Dividends Paid	-$39M
Other Financing Activities	$373M
NET CASH FROM FINANCING	$529M
FREE CASH FLOW	$106M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$149M
Short-Term Investments	$1.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$84M
Goodwill	$265M
Intangible Assets	$16M
Long-Term Investments	$6.7B
Tax Assets	$0
Other Non-Current Assets	$354M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$8.9B
Account Payables	$0
Short-Term Debt	$682M
Deferred Revenue	$0
Other Current Liabilities	$7.0B
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$205M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$93M
TOTAL NON-CURRENT LIABILITIES	$299M
TOTAL LIABILITIES	$8.0B
Common Stock	$497.0K
Additional Paid-In Capital	$575M
Retained Earnings	$502M
Treasury Stock	-$143M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$913M
Minority Interest	$0
TOTAL EQUITY	$913M
TOTAL LIABILITIES & EQUITY	$8.9B
Total Debt	$887M
Net Debt	$738M