OZK Q3 2016 Earnings Report — Bank OZK Revenue & Financial Results | Market Cap Arena

Q3 2016 Earnings

Reported November 8, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$220M	$152M	—	44.8%	—
Op. Income	$119M	$86M	—	37.8%	—
Gross Margin	88.1%	89.0%	—	-0.9pp	—
Net Margin	34.5%	35.8%	—	-1.3pp	—
EPS (Diluted)	$0.66	$0.60	—	10.0%	—
Free Cash Flow	$73M	$14M	—	413.2%	—

Revenue Flow

Item	Amount
REVENUE	$220M
Cost of Revenue	$26M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$33M
Operating Expenses	$75M
Cost & Expenses	$102M
OPERATING INCOME	$119M
Interest Income	$194M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$42M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$7M
EBIT	$119M
EBITDA	$126M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$220M
Cost of Revenue	$26M
GROSS PROFIT	$194M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$33M
Operating Expenses	$75M
Cost & Expenses	$102M
OPERATING INCOME	$119M
Interest Income	$194M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$42M
Net Income from Continuing Ops	$76M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$76M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$76M
D&A	$7M
EBIT	$119M
EBITDA	$126M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$76M
Depreciation & Amortization	$7M
Stock-Based Compensation	$3M
Deferred Income Tax	$4M
Other Non-Cash Items	-$20M
Change in Working Capital	$22M
OPERATING CASH FLOW	$92M
Capital Expenditure	-$19M
Acquisitions (Net)	$204M
Purchases of Investments	-$114M
Sales/Maturities of Investments	$62M
Other Investing Activities	-$204M
NET CASH FROM INVESTING	-$71M
Net Debt Issuance	-$224M
Common Stock Repurchased	$0
Common Dividends Paid	-$15M
Other Financing Activities	$381M
NET CASH FROM FINANCING	$143M
FREE CASH FLOW	$73M
Net Change in Cash	$163M

Balance Sheet

Item	Amount
Cash & Equivalents	$970M
Short-Term Investments	$1.3B
Net Receivables	$33M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$503M
Goodwill	$658M
Intangible Assets	$64M
Long-Term Investments	$14.1B
Tax Assets	$0
Other Non-Current Assets	$792M
TOTAL NON-CURRENT ASSETS	$16.1B
TOTAL ASSETS	$18.5B
Account Payables	$115M
Short-Term Debt	$71M
Deferred Revenue	$0
Other Current Liabilities	$15.1B
TOTAL CURRENT LIABILITIES	$15.3B
Long-Term Debt	$383M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$383M
TOTAL LIABILITIES	$15.7B
Common Stock	$1M
Additional Paid-In Capital	$1.9B
Retained Earnings	$847M
Treasury Stock	$0
Accum. Other Comp. Income	$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$3M
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$18.5B
Total Debt	$453M
Net Debt	-$516M