ONB FY 2007 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2007 Earnings

Reported February 27, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$617M	—	$603M	—	2.3%
Op. Income	$92M	—	$95M	—	-2.9%
Gross Margin	60.0%	—	59.2%	—	0.9pp
Net Margin	12.1%	—	13.2%	—	-1.0pp
EPS (Diluted)	$1.14	—	$1.20	—	-5.0%
Free Cash Flow	$65M	—	$120M	—	-45.8%

Revenue Flow

Item	Amount
REVENUE	$617M
Cost of Revenue	$246M
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$196M
SG&A Expenses	$204M
Other Expenses	$74M
Operating Expenses	$278M
Cost & Expenses	$524M
OPERATING INCOME	$92M
Interest Income	$461M
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$17M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$11M
EBIT	$92M
EBITDA	$104M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$617M
Cost of Revenue	$246M
GROSS PROFIT	$370M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$196M
SG&A Expenses	$204M
Other Expenses	$74M
Operating Expenses	$278M
Cost & Expenses	$524M
OPERATING INCOME	$92M
Interest Income	$461M
Interest Expense	$242M
Other Income/Expenses	$0
INCOME BEFORE TAX	$92M
Income Tax Expense	$17M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$11M
EBIT	$92M
EBITDA	$104M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$11M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$7M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$74M
Capital Expenditure	-$9M
Acquisitions (Net)	-$61M
Purchases of Investments	-$811M
Sales/Maturities of Investments	$979M
Other Investing Activities	$510M
NET CASH FROM INVESTING	$608M
Net Debt Issuance	$167M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$58M
Other Financing Activities	-$1.0B
NET CASH FROM FINANCING	-$917M
FREE CASH FLOW	$65M
Net Change in Cash	-$234M

Balance Sheet

Item	Amount
Cash & Equivalents	$255M
Short-Term Investments	$0
Net Receivables	$50M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$305M
PP&E (Net)	$49M
Goodwill	$159M
Intangible Assets	$32M
Long-Term Investments	$6.9B
Tax Assets	$0
Other Non-Current Assets	$387M
TOTAL NON-CURRENT ASSETS	$7.5B
TOTAL ASSETS	$7.8B
Account Payables	$0
Short-Term Debt	$638M
Deferred Revenue	$0
Other Current Liabilities	$5.7B
TOTAL CURRENT LIABILITIES	$6.5B
Long-Term Debt	$657M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$657M
TOTAL LIABILITIES	$7.2B
Common Stock	$66M
Additional Paid-In Capital	$564M
Retained Earnings	$34M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$653M
Minority Interest	$0
TOTAL EQUITY	$653M
TOTAL LIABILITIES & EQUITY	$7.8B
Total Debt	$1.3B
Net Debt	$1.0B