SYBT FY 2018 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2018 Earnings

Reported February 28, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$173M	—	$155M	—	11.1%
Op. Income	$68M	—	$55M	—	22.4%
Gross Margin	90.2%	—	93.7%	—	-3.5pp
Net Margin	32.2%	—	24.5%	—	7.7pp
EPS (Diluted)	$2.42	—	$1.66	—	45.8%
Free Cash Flow	$59M	—	$51M	—	15.6%

Revenue Flow

Item	Amount
REVENUE	$173M
Cost of Revenue	$18M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$57M
SG&A Expenses	$60M
Other Expenses	$27M
Operating Expenses	$87M
Cost & Expenses	$105M
OPERATING INCOME	$68M
Interest Income	$130M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$68M
Income Tax Expense	$12M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$6M
EBIT	$68M
EBITDA	$74M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$173M
Cost of Revenue	$18M
GROSS PROFIT	$156M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$57M
SG&A Expenses	$60M
Other Expenses	$27M
Operating Expenses	$87M
Cost & Expenses	$105M
OPERATING INCOME	$68M
Interest Income	$130M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$68M
Income Tax Expense	$12M
Net Income from Continuing Ops	$56M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$56M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$56M
D&A	$6M
EBIT	$68M
EBITDA	$74M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$56M
Depreciation & Amortization	$6M
Stock-Based Compensation	$4M
Deferred Income Tax	-$268.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$66M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$768M
Sales/Maturities of Investments	$902M
Other Investing Activities	-$138M
NET CASH FROM INVESTING	-$12M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$22M
Other Financing Activities	$30M
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	$59M
Net Change in Cash	$60M

Balance Sheet

Item	Amount
Cash & Equivalents	$52M
Short-Term Investments	$437M
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$502M
PP&E (Net)	$45M
Goodwill	$682.0K
Intangible Assets	$2M
Long-Term Investments	$2.5B
Tax Assets	$10M
Other Non-Current Assets	$210M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.3B
Account Payables	$762.0K
Short-Term Debt	$46M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$48M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$47M
TOTAL NON-CURRENT LIABILITIES	$95M
TOTAL LIABILITIES	$2.9B
Common Stock	$37M
Additional Paid-In Capital	$37M
Retained Earnings	$298M
Treasury Stock	$0
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$367M
Minority Interest	$0
TOTAL EQUITY	$367M
TOTAL LIABILITIES & EQUITY	$3.3B
Total Debt	$95M
Net Debt	$43M