NBTB FY 2017 Earnings Report — NBT Bancorp Inc. Revenue & Financial Results | Market Cap Arena

NBT Bancorp Inc.NBTB

FY 2017 Earnings

Reported March 1, 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	$425M	—	$399M	—	6.5%
Op. Income	$128M	—	$119M	—	7.9%
Gross Margin	86.6%	—	88.0%	—	-1.4pp
Net Margin	19.3%	—	19.6%	—	-0.3pp
EPS (Diluted)	$1.87	—	$1.80	—	3.9%
Free Cash Flow	$130M	—	$106M	—	22.6%

Revenue Flow

Item	Amount
REVENUE	$425M
Cost of Revenue	$57M
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$163M
SG&A Expenses	$166M
Other Expenses	$74M
Operating Expenses	$240M
Cost & Expenses	$297M
OPERATING INCOME	$128M
Interest Income	$309M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$128M
Income Tax Expense	$46M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$13M
EBIT	$128M
EBITDA	$141M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$425M
Cost of Revenue	$57M
GROSS PROFIT	$368M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$163M
SG&A Expenses	$166M
Other Expenses	$74M
Operating Expenses	$240M
Cost & Expenses	$297M
OPERATING INCOME	$128M
Interest Income	$309M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$128M
Income Tax Expense	$46M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$82M
D&A	$13M
EBIT	$128M
EBITDA	$141M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$13M
Stock-Based Compensation	$4M
Deferred Income Tax	$4M
Other Non-Cash Items	$26M
Change in Working Capital	$7M
OPERATING CASH FLOW	$137M
Capital Expenditure	-$7M
Acquisitions (Net)	-$4M
Purchases of Investments	-$295M
Sales/Maturities of Investments	$411M
Other Investing Activities	-$411M
NET CASH FROM INVESTING	-$305M
Net Debt Issuance	$22M
Common Stock Repurchased	$0
Common Dividends Paid	-$40M
Other Financing Activities	$193M
NET CASH FROM FINANCING	$179M
FREE CASH FLOW	$130M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$160M
Short-Term Investments	$1.3B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$81M
Goodwill	$268M
Intangible Assets	$13M
Long-Term Investments	$7.0B
Tax Assets	$0
Other Non-Current Assets	$359M
TOTAL NON-CURRENT ASSETS	$7.7B
TOTAL ASSETS	$9.1B
Account Payables	$0
Short-Term Debt	$719M
Deferred Revenue	$0
Other Current Liabilities	$7.2B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$190M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$99M
TOTAL NON-CURRENT LIABILITIES	$289M
TOTAL LIABILITIES	$8.2B
Common Stock	$497.0K
Additional Paid-In Capital	$574M
Retained Earnings	$544M
Treasury Stock	-$138M
Accum. Other Comp. Income	-$22M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$958M
Minority Interest	$0
TOTAL EQUITY	$958M
TOTAL LIABILITIES & EQUITY	$9.1B
Total Debt	$909M
Net Debt	$750M