SBCF FY 2015 Earnings Report — Seacoast Banking Corporation of Florida Revenue & Financial Results | Market Cap Arena

Seacoast Banking Corporation of FloridaSBCF

FY 2015 Earnings

Reported March 14, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$148M	—	$105M	—	41.1%
Op. Income	$36M	—	$10M	—	248.3%
Gross Margin	93.5%	—	98.2%	—	-4.7pp
Net Margin	14.9%	—	5.4%	—	9.5pp
EPS (Diluted)	$0.66	—	$0.21	—	214.3%
Free Cash Flow	$20M	—	$16M	—	28.7%

Revenue Flow

Item	Amount
REVENUE	$148M
Cost of Revenue	$10M
GROSS PROFIT	$139M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	$34M
Operating Expenses	$103M
Cost & Expenses	$113M
OPERATING INCOME	$36M
Interest Income	$116M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$14M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$2M
EBIT	$36M
EBITDA	$38M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$148M
Cost of Revenue	$10M
GROSS PROFIT	$139M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$65M
SG&A Expenses	$69M
Other Expenses	$34M
Operating Expenses	$103M
Cost & Expenses	$113M
OPERATING INCOME	$36M
Interest Income	$116M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$14M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$2M
EBIT	$36M
EBITDA	$38M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$2M
Stock-Based Compensation	$3M
Deferred Income Tax	$13M
Other Non-Cash Items	-$5M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$9M
Acquisitions (Net)	$33M
Purchases of Investments	-$184M
Sales/Maturities of Investments	$207M
Other Investing Activities	-$218M
NET CASH FROM INVESTING	-$171M
Net Debt Issuance	-$80M
Common Stock Repurchased	$0
Common Dividends Paid	-$37.0K
Other Financing Activities	$257M
NET CASH FROM FINANCING	$177M
FREE CASH FLOW	$20M
Net Change in Cash	$36M

Balance Sheet

Item	Amount
Cash & Equivalents	$136M
Short-Term Investments	$791M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$927M
PP&E (Net)	$55M
Goodwill	$25M
Intangible Assets	$9M
Long-Term Investments	$2.4B
Tax Assets	$60M
Other Non-Current Assets	$95M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.5B
Account Payables	$0
Short-Term Debt	$172M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$120M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$165M
TOTAL LIABILITIES	$3.2B
Common Stock	$3M
Additional Paid-In Capital	$399M
Retained Earnings	-$43M
Treasury Stock	-$73.0K
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$353M
Minority Interest	$0
TOTAL EQUITY	$353M
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$292M
Net Debt	$156M