ONB FY 2017 Earnings Report — Old National Bancorp Revenue & Financial Results | Market Cap Arena

Old National BancorpONB

FY 2017 Earnings

Reported February 15, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$672M	—	$650M	—	3.3%
Op. Income	$169M	—	$200M	—	-15.8%
Gross Margin	90.9%	—	93.0%	—	-2.1pp
Net Margin	14.2%	—	20.6%	—	-6.4pp
EPS (Diluted)	$0.69	—	$1.05	—	-34.3%
Free Cash Flow	$213M	—	-$200M	—	206.5%

Revenue Flow

Item	Amount
REVENUE	$672M
Cost of Revenue	$61M
GROSS PROFIT	$611M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$298M
SG&A Expenses	$311M
Other Expenses	$131M
Operating Expenses	$442M
Cost & Expenses	$503M
OPERATING INCOME	$169M
Interest Income	$495M
Interest Expense	$58M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$73M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$34M
EBIT	$169M
EBITDA	$203M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$672M
Cost of Revenue	$61M
GROSS PROFIT	$611M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$298M
SG&A Expenses	$311M
Other Expenses	$131M
Operating Expenses	$442M
Cost & Expenses	$503M
OPERATING INCOME	$169M
Interest Income	$495M
Interest Expense	$58M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$73M
Net Income from Continuing Ops	$96M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$96M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$96M
D&A	$34M
EBIT	$169M
EBITDA	$203M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$96M
Depreciation & Amortization	$34M
Stock-Based Compensation	$6M
Deferred Income Tax	$12M
Other Non-Cash Items	$45M
Change in Working Capital	$57M
OPERATING CASH FLOW	$250M
Capital Expenditure	-$37M
Acquisitions (Net)	$3M
Purchases of Investments	-$875M
Sales/Maturities of Investments	$839M
Other Investing Activities	-$466M
NET CASH FROM INVESTING	-$536M
Net Debt Issuance	$237M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$73M
Other Financing Activities	$159M
NET CASH FROM FINANCING	$321M
FREE CASH FLOW	$213M
Net Change in Cash	$35M

Balance Sheet

Item	Amount
Cash & Equivalents	$290M
Short-Term Investments	$3.2B
Net Receivables	$87M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.6B
PP&E (Net)	$458M
Goodwill	$828M
Intangible Assets	$78M
Long-Term Investments	$11.8B
Tax Assets	$111M
Other Non-Current Assets	$693M
TOTAL NON-CURRENT ASSETS	$13.9B
TOTAL ASSETS	$17.5B
Account Payables	$0
Short-Term Debt	$720M
Deferred Revenue	$0
Other Current Liabilities	$12.6B
TOTAL CURRENT LIABILITIES	$13.5B
Long-Term Debt	$1.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$1.9B
TOTAL LIABILITIES	$15.4B
Common Stock	$152M
Additional Paid-In Capital	$1.6B
Retained Earnings	$413M
Treasury Stock	$0
Accum. Other Comp. Income	-$50M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$17.5B
Total Debt	$2.6B
Net Debt	$2.3B