RBCAA FY 2019 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$343M	—	$315M	—	8.9%
Op. Income	$113M	—	$94M	—	20.1%
Gross Margin	79.5%	—	80.5%	—	-1.0pp
Net Margin	26.7%	—	24.7%	—	2.0pp
EPS (Diluted)	$4.39	—	$3.74	—	17.4%
Free Cash Flow	$92M	—	$109M	—	-15.6%

Revenue Flow

Item	Amount
REVENUE	$343M
Cost of Revenue	$71M
GROSS PROFIT	$273M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$100M
SG&A Expenses	$105M
Other Expenses	$55M
Operating Expenses	$159M
Cost & Expenses	$230M
OPERATING INCOME	$113M
Interest Income	$281M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$113M
Income Tax Expense	$21M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$11M
EBIT	$113M
EBITDA	$124M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$343M
Cost of Revenue	$71M
GROSS PROFIT	$273M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$100M
SG&A Expenses	$105M
Other Expenses	$55M
Operating Expenses	$159M
Cost & Expenses	$230M
OPERATING INCOME	$113M
Interest Income	$281M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$113M
Income Tax Expense	$21M
Net Income from Continuing Ops	$92M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$92M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$92M
D&A	$11M
EBIT	$113M
EBITDA	$124M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$92M
Depreciation & Amortization	$11M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$3M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$105M
Capital Expenditure	-$13M
Acquisitions (Net)	$6M
Purchases of Investments	-$454M
Sales/Maturities of Investments	$458M
Other Investing Activities	-$433M
NET CASH FROM INVESTING	-$435M
Net Debt Issuance	-$60M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$21M
Other Financing Activities	$447M
NET CASH FROM FINANCING	$364M
FREE CASH FLOW	$92M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$385M
Short-Term Investments	$471M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$871M
PP&E (Net)	$81M
Goodwill	$16M
Intangible Assets	$0
Long-Term Investments	$4.5B
Tax Assets	$0
Other Non-Current Assets	$178M
TOTAL NON-CURRENT ASSETS	$4.7B
TOTAL ASSETS	$5.6B
Account Payables	$0
Short-Term Debt	$168M
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$4.0B
Long-Term Debt	$791M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$75M
TOTAL NON-CURRENT LIABILITIES	$902M
TOTAL LIABILITIES	$4.9B
Common Stock	$5M
Additional Paid-In Capital	$142M
Retained Earnings	$614M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$764M
Minority Interest	$0
TOTAL EQUITY	$764M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$995M
Net Debt	$610M