SRCE FY 2017 Earnings Report — 1st Source Corporation Revenue & Financial Results | Market Cap Arena

1st Source CorporationSRCE

FY 2017 Earnings

Reported February 16, 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	$311M	—	$281M	—	10.8%
Op. Income	$101M	—	$89M	—	13.7%
Gross Margin	88.5%	—	90.0%	—	-1.5pp
Net Margin	21.9%	—	20.6%	—	1.3pp
EPS (Diluted)	$2.60	—	$2.22	—	17.1%
Free Cash Flow	$88M	—	$59M	—	49.5%

Revenue Flow

Item	Amount
REVENUE	$311M
Cost of Revenue	$36M
GROSS PROFIT	$275M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$102M
SG&A Expenses	$102M
Other Expenses	$72M
Operating Expenses	$174M
Cost & Expenses	$210M
OPERATING INCOME	$101M
Interest Income	$212M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$101M
Income Tax Expense	$33M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$32M
EBIT	$101M
EBITDA	$133M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$311M
Cost of Revenue	$36M
GROSS PROFIT	$275M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$102M
SG&A Expenses	$102M
Other Expenses	$72M
Operating Expenses	$174M
Cost & Expenses	$210M
OPERATING INCOME	$101M
Interest Income	$212M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$101M
Income Tax Expense	$33M
Net Income from Continuing Ops	$68M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$68M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$68M
D&A	$32M
EBIT	$101M
EBITDA	$133M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$68M
Depreciation & Amortization	$32M
Stock-Based Compensation	$3M
Deferred Income Tax	$3M
Other Non-Cash Items	$15M
Change in Working Capital	$19M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$51M
Acquisitions (Net)	$0
Purchases of Investments	-$473M
Sales/Maturities of Investments	$406M
Other Investing Activities	-$366M
NET CASH FROM INVESTING	-$485M
Net Debt Issuance	-$84M
Common Stock Repurchased	-$41.0K
Common Dividends Paid	-$20M
Other Financing Activities	$419M
NET CASH FROM FINANCING	$315M
FREE CASH FLOW	$88M
Net Change in Cash	-$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$904M
Net Receivables	$155M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$194M
Goodwill	$84M
Intangible Assets	$62.0K
Long-Term Investments	$4.5B
Tax Assets	$0
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$4.8B
TOTAL ASSETS	$5.9B
Account Payables	$0
Short-Term Debt	$215M
Deferred Revenue	$0
Other Current Liabilities	$4.8B
TOTAL CURRENT LIABILITIES	$5.0B
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$129M
TOTAL LIABILITIES	$5.2B
Common Stock	$437M
Additional Paid-In Capital	$0
Retained Earnings	$340M
Treasury Stock	-$55M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$719M
Minority Interest	$0
TOTAL EQUITY	$719M
TOTAL LIABILITIES & EQUITY	$5.9B
Total Debt	$324M
Net Debt	$251M