OZK FY 2020 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported December 31, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.3B	—	-6.8%
Op. Income	$376M	—	$564M	—	-33.3%
Gross Margin	66.4%	—	75.9%	—	-9.5pp
Net Margin	24.8%	—	33.7%	—	-8.9pp
EPS (Diluted)	$2.26	—	$3.30	—	-31.5%
Free Cash Flow	$502M	—	$326M	—	54.1%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$396M
GROSS PROFIT	$781M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$222M
SG&A Expenses	$228M
Other Expenses	$177M
Operating Expenses	$405M
Cost & Expenses	$801M
OPERATING INCOME	$376M
Interest Income	$1.1B
Interest Expense	$192M
Other Income/Expenses	$0
INCOME BEFORE TAX	$376M
Income Tax Expense	$84M
Net Income from Continuing Ops	$292M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$292M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$292M
D&A	$44M
EBIT	$376M
EBITDA	$420M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$396M
GROSS PROFIT	$781M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$222M
SG&A Expenses	$228M
Other Expenses	$177M
Operating Expenses	$405M
Cost & Expenses	$801M
OPERATING INCOME	$376M
Interest Income	$1.1B
Interest Expense	$192M
Other Income/Expenses	$0
INCOME BEFORE TAX	$376M
Income Tax Expense	$84M
Net Income from Continuing Ops	$292M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$292M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$292M
D&A	$44M
EBIT	$376M
EBITDA	$420M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$292M
Depreciation & Amortization	$44M
Stock-Based Compensation	$15M
Deferred Income Tax	$54M
Other Non-Cash Items	$184M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$552M
Capital Expenditure	-$50M
Acquisitions (Net)	-$106M
Purchases of Investments	-$2.5B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	-$1.7B
NET CASH FROM INVESTING	-$3.0B
Net Debt Issuance	$396M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$139M
Other Financing Activities	$3.1B
NET CASH FROM FINANCING	$3.3B
FREE CASH FLOW	$502M
Net Change in Cash	$898M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.4B
Short-Term Investments	$3.4B
Net Receivables	$88M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$5.9B
PP&E (Net)	$739M
Goodwill	$661M
Intangible Assets	$15M
Long-Term Investments	$18.9B
Tax Assets	$0
Other Non-Current Assets	$948M
TOTAL NON-CURRENT ASSETS	$21.3B
TOTAL ASSETS	$27.2B
Account Payables	$252M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$21.5B
TOTAL CURRENT LIABILITIES	$21.7B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$81M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$22.9B
Common Stock	$1M
Additional Paid-In Capital	$2.3B
Retained Earnings	$1.9B
Treasury Stock	$0
Accum. Other Comp. Income	$58M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.3B
Minority Interest	$3M
TOTAL EQUITY	$4.3B
TOTAL LIABILITIES & EQUITY	$27.2B
Total Debt	$1.1B
Net Debt	-$1.3B