ONB FY 2015 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2015 Earnings

Reported February 26, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$617M	—	$592M	—	4.2%
Op. Income	$163M	—	$142M	—	14.7%
Gross Margin	94.2%	—	95.5%	—	-1.4pp
Net Margin	18.9%	—	17.5%	—	1.4pp
EPS (Diluted)	$1.00	—	$0.95	—	5.3%
Free Cash Flow	$38M	—	$179M	—	-78.7%

Revenue Flow

Item	Amount
REVENUE	$617M
Cost of Revenue	$36M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$291M
SG&A Expenses	$301M
Other Expenses	$117M
Operating Expenses	$418M
Cost & Expenses	$454M
OPERATING INCOME	$163M
Interest Income	$399M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$46M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$26M
EBIT	$163M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$617M
Cost of Revenue	$36M
GROSS PROFIT	$581M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$291M
SG&A Expenses	$301M
Other Expenses	$117M
Operating Expenses	$418M
Cost & Expenses	$454M
OPERATING INCOME	$163M
Interest Income	$399M
Interest Expense	$33M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$46M
Net Income from Continuing Ops	$117M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$117M
D&A	$26M
EBIT	$163M
EBITDA	$189M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$117M
Depreciation & Amortization	$26M
Stock-Based Compensation	$4M
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	-$22M
OPERATING CASH FLOW	$124M
Capital Expenditure	-$86M
Acquisitions (Net)	-$370M
Purchases of Investments	-$907M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$287M
NET CASH FROM INVESTING	-$501M
Net Debt Issuance	$346M
Common Stock Repurchased	-$89M
Common Dividends Paid	-$56M
Other Financing Activities	$155M
NET CASH FROM FINANCING	$357M
FREE CASH FLOW	$38M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$220M
Short-Term Investments	$2.4B
Net Receivables	$69M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$197M
Goodwill	$585M
Intangible Assets	$46M
Long-Term Investments	$7.8B
Tax Assets	$110M
Other Non-Current Assets	$560M
TOTAL NON-CURRENT ASSETS	$9.3B
TOTAL ASSETS	$12.0B
Account Payables	$0
Short-Term Debt	$728M
Deferred Revenue	$0
Other Current Liabilities	$8.4B
TOTAL CURRENT LIABILITIES	$9.3B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$50M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$10.5B
Common Stock	$114M
Additional Paid-In Capital	$1.1B
Retained Earnings	$324M
Treasury Stock	$0
Accum. Other Comp. Income	-$35M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$12.0B
Total Debt	$2.0B
Net Debt	$1.8B