OZK FY 2011 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2011 Earnings

Reported February 29, 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	$242M	—	$188M	—	28.3%
Op. Income	$152M	—	$91M	—	67.3%
Gross Margin	82.5%	—	73.3%	—	9.3pp
Net Margin	41.9%	—	34.0%	—	8.0pp
EPS (Diluted)	$1.50	—	$0.94	—	59.6%
Free Cash Flow	-$550.0K	—	$24M	—	-102.3%

Revenue Flow

Item	Amount
REVENUE	$242M
Cost of Revenue	$42M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	-$21M
Operating Expenses	$48M
Cost & Expenses	$90M
OPERATING INCOME	$152M
Interest Income	$199M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$152M
Income Tax Expense	$50M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$7M
EBIT	$152M
EBITDA	$159M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$242M
Cost of Revenue	$42M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	-$21M
Operating Expenses	$48M
Cost & Expenses	$90M
OPERATING INCOME	$152M
Interest Income	$199M
Interest Expense	$30M
Other Income/Expenses	$0
INCOME BEFORE TAX	$152M
Income Tax Expense	$50M
Net Income from Continuing Ops	$101M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$101M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$7M
EBIT	$152M
EBITDA	$159M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$101M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$12M
Other Non-Cash Items	-$131M
Change in Working Capital	$30M
OPERATING CASH FLOW	$21M
Capital Expenditure	-$21M
Acquisitions (Net)	$365M
Purchases of Investments	-$15M
Sales/Maturities of Investments	$126M
Other Investing Activities	$338M
NET CASH FROM INVESTING	$793M
Net Debt Issuance	-$73M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	-$722M
NET CASH FROM FINANCING	-$804M
FREE CASH FLOW	-$550.0K
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$59M
Short-Term Investments	$439M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$511M
PP&E (Net)	$187M
Goodwill	$5M
Intangible Assets	$7M
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$479M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$3.8B
Account Payables	$46M
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.1B
Long-Term Debt	$367M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$19M
TOTAL NON-CURRENT LIABILITIES	$348M
TOTAL LIABILITIES	$3.4B
Common Stock	$345.0K
Additional Paid-In Capital	$51M
Retained Earnings	$364M
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$425M
Minority Interest	$3M
TOTAL EQUITY	$428M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$400M
Net Debt	$341M