SRCE FY 2015 Earnings Report — 1st Source Corporation Revenue & Financial Results | Market Cap Arena

1st Source CorporationSRCE

FY 2015 Earnings

Reported February 19, 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	$268M	—	$256M	—	4.5%
Op. Income	$89M	—	$84M	—	4.9%
Gross Margin	92.4%	—	91.4%	—	1.0pp
Net Margin	21.4%	—	22.6%	—	-1.2pp
EPS (Diluted)	$2.17	—	$2.21	—	-1.8%
Free Cash Flow	$37M	—	$37M	—	-0.5%

Revenue Flow

Item	Amount
REVENUE	$268M
Cost of Revenue	$20M
GROSS PROFIT	$248M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$100M
SG&A Expenses	$100M
Other Expenses	$59M
Operating Expenses	$159M
Cost & Expenses	$179M
OPERATING INCOME	$89M
Interest Income	$185M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$31M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$24M
EBIT	$89M
EBITDA	$113M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$268M
Cost of Revenue	$20M
GROSS PROFIT	$248M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$100M
SG&A Expenses	$100M
Other Expenses	$59M
Operating Expenses	$159M
Cost & Expenses	$179M
OPERATING INCOME	$89M
Interest Income	$185M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$31M
Net Income from Continuing Ops	$57M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$57M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$57M
D&A	$24M
EBIT	$89M
EBITDA	$113M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$57M
Depreciation & Amortization	$24M
Stock-Based Compensation	$4M
Deferred Income Tax	$2M
Other Non-Cash Items	$13M
Change in Working Capital	$234.0K
OPERATING CASH FLOW	$101M
Capital Expenditure	-$64M
Acquisitions (Net)	$0
Purchases of Investments	-$149M
Sales/Maturities of Investments	$138M
Other Investing Activities	-$307M
NET CASH FROM INVESTING	-$382M
Net Debt Issuance	-$14M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$18M
Other Financing Activities	$336M
NET CASH FROM FINANCING	$295M
FREE CASH FLOW	$37M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$792M
Net Receivables	$130M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$987M
PP&E (Net)	$164M
Goodwill	$0
Intangible Assets	$85M
Long-Term Investments	$3.9B
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$5.2B
Account Payables	$0
Short-Term Debt	$233M
Deferred Revenue	$0
Other Current Liabilities	$4.1B
TOTAL CURRENT LIABILITIES	$4.4B
Long-Term Debt	$116M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$116M
TOTAL LIABILITIES	$4.5B
Common Stock	$437M
Additional Paid-In Capital	$0
Retained Earnings	$252M
Treasury Stock	-$51M
Accum. Other Comp. Income	$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$644M
Minority Interest	$0
TOTAL EQUITY	$644M
TOTAL LIABILITIES & EQUITY	$5.2B
Total Debt	$349M
Net Debt	$284M