OZK FY 2013 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$277M	—	$249M	—	11.1%
Op. Income	$131M	—	$111M	—	18.4%
Gross Margin	88.9%	—	86.6%	—	2.3pp
Net Margin	32.9%	—	30.9%	—	2.0pp
EPS (Diluted)	$1.20	—	$1.10	—	9.1%
Free Cash Flow	$49M	—	-$62M	—	179.6%

Revenue Flow

Item	Amount
REVENUE	$277M
Cost of Revenue	$31M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$76M
SG&A Expenses	$78M
Other Expenses	$37M
Operating Expenses	$115M
Cost & Expenses	$146M
OPERATING INCOME	$131M
Interest Income	$212M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$131M
Income Tax Expense	$40M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$10M
EBIT	$131M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$277M
Cost of Revenue	$31M
GROSS PROFIT	$246M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$76M
SG&A Expenses	$78M
Other Expenses	$37M
Operating Expenses	$115M
Cost & Expenses	$146M
OPERATING INCOME	$131M
Interest Income	$212M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$131M
Income Tax Expense	$40M
Net Income from Continuing Ops	$91M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$91M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$91M
D&A	$10M
EBIT	$131M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$91M
Depreciation & Amortization	$10M
Stock-Based Compensation	$4M
Deferred Income Tax	-$10M
Other Non-Cash Items	-$45M
Change in Working Capital	$9M
OPERATING CASH FLOW	$59M
Capital Expenditure	-$10M
Acquisitions (Net)	$57M
Purchases of Investments	-$141M
Sales/Maturities of Investments	$86M
Other Investing Activities	-$75M
NET CASH FROM INVESTING	-$84M
Net Debt Issuance	$132.0K
Common Stock Repurchased	-$1M
Common Dividends Paid	-$26M
Other Financing Activities	$40M
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$49M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$196M
Short-Term Investments	$669M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$880M
PP&E (Net)	$245M
Goodwill	$5M
Intangible Assets	$14M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$333M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.8B
Account Payables	$17M
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$3.7B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$346M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$355M
TOTAL LIABILITIES	$4.2B
Common Stock	$737.0K
Additional Paid-In Capital	$143M
Retained Earnings	$485M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$625M
Minority Interest	$3M
TOTAL EQUITY	$628M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$399M
Net Debt	$203M