RBCAA FY 2017 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2017 Earnings

Reported March 9, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$273M	—	$227M	—	20.2%
Op. Income	$78M	—	$69M	—	13.7%
Gross Margin	82.4%	—	85.7%	—	-3.3pp
Net Margin	16.7%	—	20.2%	—	-3.5pp
EPS (Diluted)	$2.17	—	$2.19	—	-0.9%
Free Cash Flow	$65M	—	$41M	—	60.9%

Revenue Flow

Item	Amount
REVENUE	$273M
Cost of Revenue	$48M
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$98M
SG&A Expenses	$103M
Other Expenses	$44M
Operating Expenses	$147M
Cost & Expenses	$195M
OPERATING INCOME	$78M
Interest Income	$219M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$78M
Income Tax Expense	$33M
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	$10M
EBIT	$78M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$273M
Cost of Revenue	$48M
GROSS PROFIT	$225M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$98M
SG&A Expenses	$103M
Other Expenses	$44M
Operating Expenses	$147M
Cost & Expenses	$195M
OPERATING INCOME	$78M
Interest Income	$219M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$78M
Income Tax Expense	$33M
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	$10M
EBIT	$78M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$10M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	$19M
Change in Working Capital	$2M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$12M
Acquisitions (Net)	$0
Purchases of Investments	-$241M
Sales/Maturities of Investments	$182M
Other Investing Activities	-$216M
NET CASH FROM INVESTING	-$287M
Net Debt Issuance	-$65M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$18M
Other Financing Activities	$303M
NET CASH FROM FINANCING	$219M
FREE CASH FLOW	$65M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$299M
Short-Term Investments	$527M
Net Receivables	$17M
Inventory	$0
Other Current Assets	-$3M
TOTAL CURRENT ASSETS	$840M
PP&E (Net)	$43M
Goodwill	$16M
Intangible Assets	$0
Long-Term Investments	$4.0B
Tax Assets	$0
Other Non-Current Assets	$144M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$5.1B
Account Payables	$0
Short-Term Debt	$204M
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$779M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$37M
TOTAL NON-CURRENT LIABILITIES	$816M
TOTAL LIABILITIES	$4.5B
Common Stock	$5M
Additional Paid-In Capital	$139M
Retained Earnings	$488M
Treasury Stock	$0
Accum. Other Comp. Income	$416.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$632M
Minority Interest	$0
TOTAL EQUITY	$632M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$983M
Net Debt	$683M