OZK FY 2017 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported December 31, 2017

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	$1.0B	—	$756M	—	38.4%
Op. Income	$581M	—	$424M	—	36.8%
Gross Margin	86.3%	—	88.8%	—	-2.5pp
Net Margin	40.4%	—	35.7%	—	4.6pp
EPS (Diluted)	$3.35	—	$2.58	—	29.8%
Free Cash Flow	$346M	—	$197M	—	75.7%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$143M
GROSS PROFIT	$902M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$165M
SG&A Expenses	$171M
Other Expenses	$150M
Operating Expenses	$322M
Cost & Expenses	$465M
OPERATING INCOME	$581M
Interest Income	$933M
Interest Expense	$115M
Other Income/Expenses	$0
INCOME BEFORE TAX	$581M
Income Tax Expense	$159M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$422M
D&A	$34M
EBIT	$586M
EBITDA	$620M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$143M
GROSS PROFIT	$902M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$165M
SG&A Expenses	$171M
Other Expenses	$150M
Operating Expenses	$322M
Cost & Expenses	$465M
OPERATING INCOME	$581M
Interest Income	$933M
Interest Expense	$115M
Other Income/Expenses	$0
INCOME BEFORE TAX	$581M
Income Tax Expense	$159M
Net Income from Continuing Ops	$422M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$422M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$422M
D&A	$34M
EBIT	$586M
EBITDA	$620M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$422M
Depreciation & Amortization	$34M
Stock-Based Compensation	$12M
Deferred Income Tax	$199M
Other Non-Cash Items	-$47M
Change in Working Capital	-$235M
OPERATING CASH FLOW	$384M
Capital Expenditure	-$39M
Acquisitions (Net)	$0
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$488M
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$2.6B
Net Debt Issuance	-$20M
Common Stock Repurchased	$0
Common Dividends Paid	-$89M
Other Financing Activities	$1.6B
NET CASH FROM FINANCING	$1.8B
FREE CASH FLOW	$346M
Net Change in Cash	-$426M

Balance Sheet

Item	Amount
Cash & Equivalents	$440M
Short-Term Investments	$2.6B
Net Receivables	$65M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.1B
PP&E (Net)	$520M
Goodwill	$661M
Intangible Assets	$48M
Long-Term Investments	$15.9B
Tax Assets	$0
Other Non-Current Assets	$999M
TOTAL NON-CURRENT ASSETS	$18.2B
TOTAL ASSETS	$21.3B
Account Payables	$186M
Short-Term Debt	$69M
Deferred Revenue	$0
Other Current Liabilities	$17.2B
TOTAL CURRENT LIABILITIES	$17.6B
Long-Term Debt	$364M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$186M
TOTAL NON-CURRENT LIABILITIES	$178M
TOTAL LIABILITIES	$17.8B
Common Stock	$1M
Additional Paid-In Capital	$2.2B
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.5B
Minority Interest	$3M
TOTAL EQUITY	$3.5B
TOTAL LIABILITIES & EQUITY	$21.3B
Total Debt	$433M
Net Debt	-$7M