ONB FY 2006 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$603M	—	—	—	—
Op. Income	$95M	—	—	—	—
Gross Margin	59.2%	—	—	—	—
Net Margin	13.2%	—	—	—	—
EPS (Diluted)	$1.20	—	—	—	—
Free Cash Flow	$120M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$603M
Cost of Revenue	$246M
GROSS PROFIT	$357M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$158M
SG&A Expenses	$168M
Other Expenses	$94M
Operating Expenses	$262M
Cost & Expenses	$508M
OPERATING INCOME	$95M
Interest Income	$452M
Interest Expense	$239M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$16M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$13M
EBIT	$95M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$603M
Cost of Revenue	$246M
GROSS PROFIT	$357M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$158M
SG&A Expenses	$168M
Other Expenses	$94M
Operating Expenses	$262M
Cost & Expenses	$508M
OPERATING INCOME	$95M
Interest Income	$452M
Interest Expense	$239M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$16M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$13M
EBIT	$95M
EBITDA	$108M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$13M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$505.0K
Change in Working Capital	$27M
OPERATING CASH FLOW	$120M
Capital Expenditure	$0
Acquisitions (Net)	$11M
Purchases of Investments	-$745M
Sales/Maturities of Investments	$896M
Other Investing Activities	$148M
NET CASH FROM INVESTING	$379M
Net Debt Issuance	-$196M
Common Stock Repurchased	-$29M
Common Dividends Paid	-$56M
Other Financing Activities	-$123M
NET CASH FROM FINANCING	-$403M
FREE CASH FLOW	$120M
Net Change in Cash	$95M

Balance Sheet

Item	Amount
Cash & Equivalents	$210M
Short-Term Investments	$0
Net Receivables	$53M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$264M
PP&E (Net)	$123M
Goodwill	$113M
Intangible Assets	$21M
Long-Term Investments	$7.0B
Tax Assets	$0
Other Non-Current Assets	$639M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$8.1B
Account Payables	$0
Short-Term Debt	$313M
Deferred Revenue	$0
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$6.6B
Long-Term Debt	$748M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$125M
TOTAL NON-CURRENT LIABILITIES	$873M
TOTAL LIABILITIES	$7.5B
Common Stock	$67M
Additional Paid-In Capital	$565M
Retained Earnings	$36M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$642M
Minority Interest	$0
TOTAL EQUITY	$642M
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$1.1B
Net Debt	$850M