SYBT FY 2017 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2017 Earnings

Reported March 13, 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	$155M	—	$145M	—	7.1%
Op. Income	$55M	—	$56M	—	-1.9%
Gross Margin	93.7%	—	94.5%	—	-0.8pp
Net Margin	24.5%	—	28.3%	—	-3.8pp
EPS (Diluted)	$1.66	—	$1.80	—	-7.8%
Free Cash Flow	$51M	—	$57M	—	-10.6%

Revenue Flow

Item	Amount
REVENUE	$155M
Cost of Revenue	$10M
GROSS PROFIT	$146M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$54M
SG&A Expenses	$56M
Other Expenses	$34M
Operating Expenses	$90M
Cost & Expenses	$100M
OPERATING INCOME	$55M
Interest Income	$111M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$17M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$14M
EBIT	$55M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$155M
Cost of Revenue	$10M
GROSS PROFIT	$146M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$54M
SG&A Expenses	$56M
Other Expenses	$34M
Operating Expenses	$90M
Cost & Expenses	$100M
OPERATING INCOME	$55M
Interest Income	$111M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$55M
Income Tax Expense	$17M
Net Income from Continuing Ops	$38M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$38M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$38M
D&A	$14M
EBIT	$55M
EBITDA	$69M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$38M
Depreciation & Amortization	$14M
Stock-Based Compensation	$3M
Deferred Income Tax	$4M
Other Non-Cash Items	$278.0K
Change in Working Capital	-$5M
OPERATING CASH FLOW	$54M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$661M
Sales/Maturities of Investments	$653M
Other Investing Activities	-$104M
NET CASH FROM INVESTING	-$115M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$18M
Other Financing Activities	$174M
NET CASH FROM FINANCING	$152M
FREE CASH FLOW	$51M
Net Change in Cash	$91M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$575M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$630M
PP&E (Net)	$42M
Goodwill	$682.0K
Intangible Assets	$2M
Long-Term Investments	$2.4B
Tax Assets	$9M
Other Non-Current Assets	$162M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.2B
Account Payables	$232.0K
Short-Term Debt	$232M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$49M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$46M
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$2.9B
Common Stock	$36M
Additional Paid-In Capital	$32M
Retained Earnings	$267M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$334M
Minority Interest	$0
TOTAL EQUITY	$334M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$281M
Net Debt	$239M