QCRH FY 2022 Earnings Report — QCR Holdings, Inc. Revenue & Financial Results | Market Cap Arena

QCR Holdings, Inc.QCRH

FY 2022 Earnings

Reported March 1, 2023

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	$366M	—	$294M	—	24.5%
Op. Income	$114M	—	$121M	—	-6.5%
Gross Margin	80.9%	—	91.4%	—	-10.4pp
Net Margin	27.1%	—	33.7%	—	-6.6pp
EPS (Diluted)	$5.87	—	$6.20	—	-5.3%
Free Cash Flow	$85M	—	$74M	—	15.1%

Revenue Flow

Item	Amount
REVENUE	$366M
Cost of Revenue	$70M
GROSS PROFIT	$296M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$121M
SG&A Expenses	$126M
Other Expenses	$56M
Operating Expenses	$182M
Cost & Expenses	$252M
OPERATING INCOME	$114M
Interest Income	$293M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$114M
Income Tax Expense	$14M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$114M
EBITDA	$124M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$366M
Cost of Revenue	$70M
GROSS PROFIT	$296M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$121M
SG&A Expenses	$126M
Other Expenses	$56M
Operating Expenses	$182M
Cost & Expenses	$252M
OPERATING INCOME	$114M
Interest Income	$293M
Interest Expense	$61M
Other Income/Expenses	$0
INCOME BEFORE TAX	$114M
Income Tax Expense	$14M
Net Income from Continuing Ops	$99M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$99M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$99M
D&A	$11M
EBIT	$114M
EBITDA	$124M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$99M
Depreciation & Amortization	$11M
Stock-Based Compensation	$2M
Deferred Income Tax	-$5M
Other Non-Cash Items	$10M
Change in Working Capital	$1M
OPERATING CASH FLOW	$119M
Capital Expenditure	-$33M
Acquisitions (Net)	$145M
Purchases of Investments	-$231M
Sales/Maturities of Investments	$187M
Other Investing Activities	-$703M
NET CASH FROM INVESTING	-$635M
Net Debt Issuance	$610M
Common Stock Repurchased	-$53M
Common Dividends Paid	-$4M
Other Financing Activities	-$15M
NET CASH FROM FINANCING	$538M
FREE CASH FLOW	$85M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$341M
Net Receivables	$31M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$499M
PP&E (Net)	$118M
Goodwill	$138M
Intangible Assets	$17M
Long-Term Investments	$6.8B
Tax Assets	$0
Other Non-Current Assets	$393M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$7.9B
Account Payables	$0
Short-Term Debt	$130M
Deferred Revenue	$0
Other Current Liabilities	$6.0B
TOTAL CURRENT LIABILITIES	$6.1B
Long-Term Debt	$696M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$366M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$7.2B
Common Stock	$17M
Additional Paid-In Capital	$371M
Retained Earnings	$450M
Treasury Stock	$0
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$773M
Minority Interest	$0
TOTAL EQUITY	$773M
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$826M
Net Debt	$699M