OZK FY 2016 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2016 Earnings

Reported March 1, 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	$756M	—	$507M	—	49.1%
Op. Income	$424M	—	$277M	—	53.3%
Gross Margin	88.8%	—	90.7%	—	-2.0pp
Net Margin	35.7%	—	36.0%	—	-0.2pp
EPS (Diluted)	$2.58	—	$2.09	—	23.4%
Free Cash Flow	$197M	—	$184M	—	6.7%

Revenue Flow

Item	Amount
REVENUE	$756M
Cost of Revenue	$85M
GROSS PROFIT	$671M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$135M
SG&A Expenses	$140M
Other Expenses	$106M
Operating Expenses	$246M
Cost & Expenses	$331M
OPERATING INCOME	$424M
Interest Income	$663M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$424M
Income Tax Expense	$154M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$270M
D&A	$25M
EBIT	$429M
EBITDA	$454M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$756M
Cost of Revenue	$85M
GROSS PROFIT	$671M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$135M
SG&A Expenses	$140M
Other Expenses	$106M
Operating Expenses	$246M
Cost & Expenses	$331M
OPERATING INCOME	$424M
Interest Income	$663M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$424M
Income Tax Expense	$154M
Net Income from Continuing Ops	$270M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$270M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$270M
D&A	$25M
EBIT	$429M
EBITDA	$454M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$270M
Depreciation & Amortization	$25M
Stock-Based Compensation	$11M
Deferred Income Tax	$13M
Other Non-Cash Items	-$69M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$242M
Capital Expenditure	-$45M
Acquisitions (Net)	$204M
Purchases of Investments	-$652M
Sales/Maturities of Investments	$183M
Other Investing Activities	-$2.0B
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	-$164M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$62M
Other Financing Activities	$3.0B
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$197M
Net Change in Cash	$775M

Balance Sheet

Item	Amount
Cash & Equivalents	$866M
Short-Term Investments	$1.5B
Net Receivables	$52M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.4B
PP&E (Net)	$504M
Goodwill	$660M
Intangible Assets	$61M
Long-Term Investments	$14.5B
Tax Assets	$0
Other Non-Current Assets	$789M
TOTAL NON-CURRENT ASSETS	$16.5B
TOTAL ASSETS	$18.9B
Account Payables	$73M
Short-Term Debt	$65M
Deferred Revenue	$0
Other Current Liabilities	$15.6B
TOTAL CURRENT LIABILITIES	$15.7B
Long-Term Debt	$383M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$383M
TOTAL LIABILITIES	$16.1B
Common Stock	$1M
Additional Paid-In Capital	$1.9B
Retained Earnings	$914M
Treasury Stock	$0
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$3M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$18.9B
Total Debt	$448M
Net Debt	-$419M