OZK FY 2019 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2019 Earnings

Reported December 31, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.2B	—	5.1%
Op. Income	$564M	—	$554M	—	1.9%
Gross Margin	75.9%	—	77.2%	—	-1.3pp
Net Margin	33.7%	—	34.7%	—	-1.0pp
EPS (Diluted)	$3.30	—	$3.24	—	1.9%
Free Cash Flow	$326M	—	$619M	—	-47.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$305M
GROSS PROFIT	$958M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$206M
SG&A Expenses	$214M
Other Expenses	$180M
Operating Expenses	$394M
Cost & Expenses	$698M
OPERATING INCOME	$564M
Interest Income	$1.2B
Interest Expense	$278M
Other Income/Expenses	$0
INCOME BEFORE TAX	$564M
Income Tax Expense	$138M
Net Income from Continuing Ops	$426M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$426M
D&A	$43M
EBIT	$564M
EBITDA	$607M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$305M
GROSS PROFIT	$958M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$206M
SG&A Expenses	$214M
Other Expenses	$180M
Operating Expenses	$394M
Cost & Expenses	$698M
OPERATING INCOME	$564M
Interest Income	$1.2B
Interest Expense	$278M
Other Income/Expenses	$0
INCOME BEFORE TAX	$564M
Income Tax Expense	$138M
Net Income from Continuing Ops	$426M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$426M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$426M
D&A	$43M
EBIT	$564M
EBITDA	$607M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$426M
Depreciation & Amortization	$43M
Stock-Based Compensation	$14M
Deferred Income Tax	-$101M
Other Non-Cash Items	-$6M
Change in Working Capital	$49M
OPERATING CASH FLOW	$425M
Capital Expenditure	-$99M
Acquisitions (Net)	-$28M
Purchases of Investments	$0
Sales/Maturities of Investments	$649M
Other Investing Activities	-$401M
NET CASH FROM INVESTING	$121M
Net Debt Issuance	$255M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$121M
Other Financing Activities	$528M
NET CASH FROM FINANCING	$660M
FREE CASH FLOW	$326M
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.5B
Short-Term Investments	$2.3B
Net Receivables	$75M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$712M
Goodwill	$661M
Intangible Assets	$24M
Long-Term Investments	$17.4B
Tax Assets	$0
Other Non-Current Assets	$888M
TOTAL NON-CURRENT ASSETS	$19.7B
TOTAL ASSETS	$23.6B
Account Payables	$222M
Short-Term Debt	$11M
Deferred Revenue	$0
Other Current Liabilities	$18.5B
TOTAL CURRENT LIABILITIES	$18.7B
Long-Term Debt	$695M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$695M
TOTAL LIABILITIES	$19.4B
Common Stock	$1M
Additional Paid-In Capital	$2.3B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	$27M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.2B
Minority Interest	$3M
TOTAL EQUITY	$4.2B
TOTAL LIABILITIES & EQUITY	$23.6B
Total Debt	$706M
Net Debt	-$790M