OZK FY 2018 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2018 Earnings

Reported December 30, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.0B	—	14.9%
Op. Income	$554M	—	$581M	—	-4.6%
Gross Margin	77.2%	—	86.3%	—	-9.1pp
Net Margin	34.7%	—	40.4%	—	-5.6pp
EPS (Diluted)	$3.24	—	$3.35	—	-3.3%
Free Cash Flow	$619M	—	$346M	—	79.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$274M
GROSS PROFIT	$927M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$185M
SG&A Expenses	$197M
Other Expenses	$176M
Operating Expenses	$373M
Cost & Expenses	$647M
OPERATING INCOME	$554M
Interest Income	$1.1B
Interest Expense	$209M
Other Income/Expenses	$0
INCOME BEFORE TAX	$554M
Income Tax Expense	$137M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$35M
EBIT	$554M
EBITDA	$589M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$274M
GROSS PROFIT	$927M
R&D Expenses	$0
Selling & Marketing	$12M
General & Administrative	$185M
SG&A Expenses	$197M
Other Expenses	$176M
Operating Expenses	$373M
Cost & Expenses	$647M
OPERATING INCOME	$554M
Interest Income	$1.1B
Interest Expense	$209M
Other Income/Expenses	$0
INCOME BEFORE TAX	$554M
Income Tax Expense	$137M
Net Income from Continuing Ops	$417M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$417M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$417M
D&A	$35M
EBIT	$554M
EBITDA	$589M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$417M
Depreciation & Amortization	$35M
Stock-Based Compensation	$14M
Deferred Income Tax	$33M
Other Non-Cash Items	$33M
Change in Working Capital	$173M
OPERATING CASH FLOW	$705M
Capital Expenditure	-$87M
Acquisitions (Net)	$0
Purchases of Investments	-$825M
Sales/Maturities of Investments	$497M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$1.5B
Net Debt Issuance	$74M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$102M
Other Financing Activities	$703M
NET CASH FROM FINANCING	$671M
FREE CASH FLOW	$619M
Net Change in Cash	-$150M

Balance Sheet

Item	Amount
Cash & Equivalents	$291M
Short-Term Investments	$2.9B
Net Receivables	$82M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$567M
Goodwill	$661M
Intangible Assets	$36M
Long-Term Investments	$17.0B
Tax Assets	$0
Other Non-Current Assets	$874M
TOTAL NON-CURRENT ASSETS	$19.2B
TOTAL ASSETS	$22.4B
Account Payables	$216M
Short-Term Debt	$21M
Deferred Revenue	$0
Other Current Liabilities	$17.9B
TOTAL CURRENT LIABILITIES	$18.2B
Long-Term Debt	$439M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$439M
TOTAL LIABILITIES	$18.6B
Common Stock	$1M
Additional Paid-In Capital	$2.2B
Retained Earnings	$1.6B
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.8B
Minority Interest	$3M
TOTAL EQUITY	$3.8B
TOTAL LIABILITIES & EQUITY	$22.4B
Total Debt	$460M
Net Debt	$169M