OZK FY 2021 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2021 Earnings

Reported December 31, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.2B	—	0.8%
Op. Income	$753M	—	$376M	—	100.1%
Gross Margin	99.7%	—	66.4%	—	33.3pp
Net Margin	48.8%	—	24.8%	—	24.0pp
EPS (Diluted)	$4.47	—	$2.26	—	97.8%
Free Cash Flow	$494M	—	$502M	—	-1.6%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$4M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$226M
SG&A Expenses	$229M
Other Expenses	$202M
Operating Expenses	$430M
Cost & Expenses	$434M
OPERATING INCOME	$753M
Interest Income	$1.1B
Interest Expense	$82M
Other Income/Expenses	$0
INCOME BEFORE TAX	$753M
Income Tax Expense	$174M
Net Income from Continuing Ops	$579M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$579M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$579M
D&A	$43M
EBIT	$753M
EBITDA	$796M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$4M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$226M
SG&A Expenses	$229M
Other Expenses	$202M
Operating Expenses	$430M
Cost & Expenses	$434M
OPERATING INCOME	$753M
Interest Income	$1.1B
Interest Expense	$82M
Other Income/Expenses	$0
INCOME BEFORE TAX	$753M
Income Tax Expense	$174M
Net Income from Continuing Ops	$579M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$579M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$579M
D&A	$43M
EBIT	$753M
EBITDA	$796M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$579M
Depreciation & Amortization	$43M
Stock-Based Compensation	$16M
Deferred Income Tax	-$61M
Other Non-Cash Items	-$61M
Change in Working Capital	$12M
OPERATING CASH FLOW	$528M
Capital Expenditure	-$34M
Acquisitions (Net)	-$156M
Purchases of Investments	-$3.7B
Sales/Maturities of Investments	$3.1B
Other Investing Activities	$947M
NET CASH FROM INVESTING	$140M
Net Debt Issuance	$118M
Common Stock Repurchased	-$195M
Common Dividends Paid	-$147M
Other Financing Activities	-$1.1B
NET CASH FROM FINANCING	-$1.0B
FREE CASH FLOW	$494M
Net Change in Cash	-$340M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$3.9B
Net Receivables	$83M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$6.1B
PP&E (Net)	$696M
Goodwill	$661M
Intangible Assets	$8M
Long-Term Investments	$18.1B
Tax Assets	$0
Other Non-Current Assets	$1.0B
TOTAL NON-CURRENT ASSETS	$20.5B
TOTAL ASSETS	$26.5B
Account Payables	$187M
Short-Term Debt	$6M
Deferred Revenue	$0
Other Current Liabilities	$20.2B
TOTAL CURRENT LIABILITIES	$20.4B
Long-Term Debt	$1.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$1.3B
TOTAL LIABILITIES	$21.7B
Common Stock	$1M
Additional Paid-In Capital	$2.1B
Retained Earnings	$2.4B
Treasury Stock	$0
Accum. Other Comp. Income	$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.8B
Minority Interest	$3M
TOTAL EQUITY	$4.8B
TOTAL LIABILITIES & EQUITY	$26.5B
Total Debt	$1.2B
Net Debt	-$824M