OZK FY 2022 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

FY 2022 Earnings

Reported December 30, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	16.3%
Op. Income	$722M	—	$753M	—	-4.2%
Gross Margin	85.0%	—	99.7%	—	-14.7pp
Net Margin	40.9%	—	48.8%	—	-7.9pp
EPS (Diluted)	$4.54	—	$4.47	—	1.6%
Free Cash Flow	$735M	—	$494M	—	48.7%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$207M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$236M
SG&A Expenses	$245M
Other Expenses	$207M
Operating Expenses	$452M
Cost & Expenses	$659M
OPERATING INCOME	$722M
Interest Income	$1.3B
Interest Expense	$124M
Other Income/Expenses	$0
INCOME BEFORE TAX	$722M
Income Tax Expense	$157M
Net Income from Continuing Ops	$564M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$564M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$548M
D&A	$56M
EBIT	$722M
EBITDA	$777M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$207M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$236M
SG&A Expenses	$245M
Other Expenses	$207M
Operating Expenses	$452M
Cost & Expenses	$659M
OPERATING INCOME	$722M
Interest Income	$1.3B
Interest Expense	$124M
Other Income/Expenses	$0
INCOME BEFORE TAX	$722M
Income Tax Expense	$157M
Net Income from Continuing Ops	$564M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$564M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$548M
D&A	$56M
EBIT	$722M
EBITDA	$777M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$564M
Depreciation & Amortization	$56M
Stock-Based Compensation	$13M
Deferred Income Tax	$64M
Other Non-Cash Items	$83M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$765M
Capital Expenditure	-$30M
Acquisitions (Net)	-$74M
Purchases of Investments	-$960M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	-$2.5B
NET CASH FROM INVESTING	-$2.4B
Net Debt Issuance	-$150M
Common Stock Repurchased	-$356M
Common Dividends Paid	-$152M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$645M
FREE CASH FLOW	$735M
Net Change in Cash	-$1.0B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$3.5B
Net Receivables	$125M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.7B
PP&E (Net)	$678M
Goodwill	$661M
Intangible Assets	$3M
Long-Term Investments	$20.6B
Tax Assets	$0
Other Non-Current Assets	$1.1B
TOTAL NON-CURRENT ASSETS	$23.0B
TOTAL ASSETS	$27.7B
Account Payables	$234M
Short-Term Debt	$0
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	$156M
TOTAL NON-CURRENT LIABILITIES	$1.2B
TOTAL LIABILITIES	$23.0B
Common Stock	$1M
Additional Paid-In Capital	$1.8B
Retained Earnings	$2.8B
Treasury Stock	$0
Accum. Other Comp. Income	-$178M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.7B
Minority Interest	$1M
TOTAL EQUITY	$4.7B
TOTAL LIABILITIES & EQUITY	$27.7B
Total Debt	$1.1B
Net Debt	$42M