OZK FY 2014 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$367M	—	$277M	—	32.4%
Op. Income	$172M	—	$131M	—	31.2%
Gross Margin	89.7%	—	88.9%	—	0.8pp
Net Margin	32.3%	—	32.9%	—	-0.6pp
EPS (Diluted)	$1.52	—	$1.20	—	26.7%
Free Cash Flow	$79M	—	$49M	—	59.9%

Revenue Flow

Item	Amount
REVENUE	$367M
Cost of Revenue	$38M
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$64M
Operating Expenses	$157M
Cost & Expenses	$194M
OPERATING INCOME	$172M
Interest Income	$291M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$54M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$13M
EBIT	$172M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$367M
Cost of Revenue	$38M
GROSS PROFIT	$329M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$64M
Operating Expenses	$157M
Cost & Expenses	$194M
OPERATING INCOME	$172M
Interest Income	$291M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$172M
Income Tax Expense	$54M
Net Income from Continuing Ops	$119M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$119M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$119M
D&A	$13M
EBIT	$172M
EBITDA	$185M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$119M
Depreciation & Amortization	$13M
Stock-Based Compensation	$6M
Deferred Income Tax	-$258.0K
Other Non-Cash Items	-$60M
Change in Working Capital	$20M
OPERATING CASH FLOW	$97M
Capital Expenditure	-$18M
Acquisitions (Net)	$122M
Purchases of Investments	-$56M
Sales/Maturities of Investments	$160M
Other Investing Activities	-$772M
NET CASH FROM INVESTING	-$565M
Net Debt Issuance	-$99M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$36M
Other Financing Activities	$559M
NET CASH FROM FINANCING	$422M
FREE CASH FLOW	$79M
Net Change in Cash	-$46M

Balance Sheet

Item	Amount
Cash & Equivalents	$150M
Short-Term Investments	$839M
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$274M
Goodwill	$79M
Intangible Assets	$27M
Long-Term Investments	$5.1B
Tax Assets	$0
Other Non-Current Assets	$303M
TOTAL NON-CURRENT ASSETS	$5.8B
TOTAL ASSETS	$6.8B
Account Payables	$37M
Short-Term Debt	$66M
Deferred Revenue	$0
Other Current Liabilities	$5.5B
TOTAL CURRENT LIABILITIES	$5.6B
Long-Term Debt	$256M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$37M
TOTAL NON-CURRENT LIABILITIES	$219M
TOTAL LIABILITIES	$5.9B
Common Stock	$799.0K
Additional Paid-In Capital	$324M
Retained Earnings	$571M
Treasury Stock	-$2M
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$908M
Minority Interest	$3M
TOTAL EQUITY	$912M
TOTAL LIABILITIES & EQUITY	$6.8B
Total Debt	$321M
Net Debt	$171M