ONB FY 2011 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2011 Earnings

Reported February 27, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$504M	—	$463M	—	8.9%
Op. Income	$100M	—	$43M	—	129.4%
Gross Margin	87.9%	—	76.4%	—	11.5pp
Net Margin	14.4%	—	8.3%	—	6.1pp
EPS (Diluted)	$0.76	—	$0.44	—	72.7%
Free Cash Flow	$132M	—	$89M	—	48.5%

Revenue Flow

Item	Amount
REVENUE	$504M
Cost of Revenue	$61M
GROSS PROFIT	$443M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$234M
SG&A Expenses	$240M
Other Expenses	$103M
Operating Expenses	$343M
Cost & Expenses	$405M
OPERATING INCOME	$100M
Interest Income	$327M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$100M
Income Tax Expense	$27M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$19M
EBIT	$100M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$504M
Cost of Revenue	$61M
GROSS PROFIT	$443M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$234M
SG&A Expenses	$240M
Other Expenses	$103M
Operating Expenses	$343M
Cost & Expenses	$405M
OPERATING INCOME	$100M
Interest Income	$327M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$100M
Income Tax Expense	$27M
Net Income from Continuing Ops	$72M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$72M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$72M
D&A	$19M
EBIT	$100M
EBITDA	$118M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$72M
Depreciation & Amortization	$19M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$9M
Change in Working Capital	$39M
OPERATING CASH FLOW	$144M
Capital Expenditure	-$11M
Acquisitions (Net)	$292M
Purchases of Investments	-$551M
Sales/Maturities of Investments	$1.2B
Other Investing Activities	$53M
NET CASH FROM INVESTING	$1.0B
Net Debt Issuance	-$308M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$27M
Other Financing Activities	-$842M
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$132M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$223M
Short-Term Investments	$2.1B
Net Receivables	$45M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$72M
Goodwill	$253M
Intangible Assets	$34M
Long-Term Investments	$5.2B
Tax Assets	$0
Other Non-Current Assets	$697M
TOTAL NON-CURRENT ASSETS	$6.3B
TOTAL ASSETS	$8.6B
Account Payables	$0
Short-Term Debt	$475M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$7.3B
Long-Term Debt	$237M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$241M
TOTAL LIABILITIES	$7.6B
Common Stock	$95M
Additional Paid-In Capital	$834M
Retained Earnings	$90M
Treasury Stock	$0
Accum. Other Comp. Income	$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.0B
Minority Interest	$0
TOTAL EQUITY	$1.0B
TOTAL LIABILITIES & EQUITY	$8.6B
Total Debt	$716M
Net Debt	$493M