RBCAA FY 2016 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2016 Earnings

Reported March 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$227M	—	$187M	—	21.9%
Op. Income	$69M	—	$53M	—	29.5%
Gross Margin	85.7%	—	87.2%	—	-1.5pp
Net Margin	20.2%	—	18.9%	—	1.3pp
EPS (Diluted)	$2.19	—	$1.68	—	30.4%
Free Cash Flow	$41M	—	$45M	—	-9.1%

Revenue Flow

Item	Amount
REVENUE	$227M
Cost of Revenue	$32M
GROSS PROFIT	$195M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$83M
SG&A Expenses	$87M
Other Expenses	$39M
Operating Expenses	$126M
Cost & Expenses	$158M
OPERATING INCOME	$69M
Interest Income	$174M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$23M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$9M
EBIT	$69M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$227M
Cost of Revenue	$32M
GROSS PROFIT	$195M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$83M
SG&A Expenses	$87M
Other Expenses	$39M
Operating Expenses	$126M
Cost & Expenses	$158M
OPERATING INCOME	$69M
Interest Income	$174M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$23M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$9M
EBIT	$69M
EBITDA	$78M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$9M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	-$848.0K
Change in Working Capital	-$8M
OPERATING CASH FLOW	$48M
Capital Expenditure	-$7M
Acquisitions (Net)	-$9M
Purchases of Investments	-$439M
Sales/Maturities of Investments	$458M
Other Investing Activities	-$299M
NET CASH FROM INVESTING	-$296M
Net Debt Issuance	$99M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$17M
Other Financing Activities	$247M
NET CASH FROM FINANCING	$328M
FREE CASH FLOW	$41M
Net Change in Cash	$79M

Balance Sheet

Item	Amount
Cash & Equivalents	$289M
Short-Term Investments	$481M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$784M
PP&E (Net)	$40M
Goodwill	$16M
Intangible Assets	$0
Long-Term Investments	$3.8B
Tax Assets	$0
Other Non-Current Assets	$141M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.8B
Account Payables	$0
Short-Term Debt	$173M
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$844M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$34M
TOTAL NON-CURRENT LIABILITIES	$878M
TOTAL LIABILITIES	$4.2B
Common Stock	$5M
Additional Paid-In Capital	$138M
Retained Earnings	$461M
Treasury Stock	$0
Accum. Other Comp. Income	$687.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$604M
Minority Interest	$0
TOTAL EQUITY	$604M
TOTAL LIABILITIES & EQUITY	$4.8B
Total Debt	$1.0B
Net Debt	$728M