ONB FY 2016 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2016 Earnings

Reported February 16, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$650M	—	$617M	—	5.4%
Op. Income	$200M	—	$163M	—	23.0%
Gross Margin	93.0%	—	94.2%	—	-1.1pp
Net Margin	20.6%	—	18.9%	—	1.7pp
EPS (Diluted)	$1.05	—	$1.00	—	5.0%
Free Cash Flow	-$200M	—	$38M	—	-624.6%

Revenue Flow

Item	Amount
REVENUE	$650M
Cost of Revenue	$45M
GROSS PROFIT	$605M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$306M
SG&A Expenses	$321M
Other Expenses	$84M
Operating Expenses	$405M
Cost & Expenses	$450M
OPERATING INCOME	$200M
Interest Income	$447M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$200M
Income Tax Expense	$66M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$29M
EBIT	$202M
EBITDA	$231M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$650M
Cost of Revenue	$45M
GROSS PROFIT	$605M
R&D Expenses	$0
Selling & Marketing	$15M
General & Administrative	$306M
SG&A Expenses	$321M
Other Expenses	$84M
Operating Expenses	$405M
Cost & Expenses	$450M
OPERATING INCOME	$200M
Interest Income	$447M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$200M
Income Tax Expense	$66M
Net Income from Continuing Ops	$134M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$134M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$134M
D&A	$29M
EBIT	$202M
EBITDA	$231M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$134M
Depreciation & Amortization	$29M
Stock-Based Compensation	$7M
Deferred Income Tax	$0
Other Non-Cash Items	-$165M
Change in Working Capital	$19M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$225M
Acquisitions (Net)	$29M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$1.5B
Other Investing Activities	-$361M
NET CASH FROM INVESTING	-$641M
Net Debt Issuance	$330M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$68M
Other Financing Activities	$390M
NET CASH FROM FINANCING	$652M
FREE CASH FLOW	-$200M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$256M
Short-Term Investments	$2.8B
Net Receivables	$81M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$430M
Goodwill	$655M
Intangible Assets	$63M
Long-Term Investments	$9.8B
Tax Assets	$182M
Other Non-Current Assets	$594M
TOTAL NON-CURRENT ASSETS	$11.7B
TOTAL ASSETS	$14.9B
Account Payables	$0
Short-Term Debt	$580M
Deferred Revenue	$0
Other Current Liabilities	$10.7B
TOTAL CURRENT LIABILITIES	$11.5B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.6B
TOTAL LIABILITIES	$13.0B
Common Stock	$135M
Additional Paid-In Capital	$1.3B
Retained Earnings	$390M
Treasury Stock	$0
Accum. Other Comp. Income	-$59M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$14.9B
Total Debt	$2.2B
Net Debt	$1.9B