SYBT FY 2019 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$195M	—	$173M	—	12.8%
Op. Income	$76M	—	$68M	—	12.0%
Gross Margin	88.5%	—	90.2%	—	-1.6pp
Net Margin	33.9%	—	32.2%	—	1.8pp
EPS (Diluted)	$2.89	—	$2.42	—	19.4%
Free Cash Flow	$53M	—	$59M	—	-9.3%

Revenue Flow

Item	Amount
REVENUE	$195M
Cost of Revenue	$24M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$61M
SG&A Expenses	$64M
Other Expenses	$31M
Operating Expenses	$96M
Cost & Expenses	$119M
OPERATING INCOME	$76M
Interest Income	$148M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$10M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$5M
EBIT	$76M
EBITDA	$81M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$195M
Cost of Revenue	$24M
GROSS PROFIT	$173M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$61M
SG&A Expenses	$64M
Other Expenses	$31M
Operating Expenses	$96M
Cost & Expenses	$119M
OPERATING INCOME	$76M
Interest Income	$148M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$76M
Income Tax Expense	$10M
Net Income from Continuing Ops	$66M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$66M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$66M
D&A	$5M
EBIT	$76M
EBITDA	$81M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$66M
Depreciation & Amortization	$5M
Stock-Based Compensation	$4M
Deferred Income Tax	-$6M
Other Non-Cash Items	-$8M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$58M
Capital Expenditure	-$5M
Acquisitions (Net)	-$25M
Purchases of Investments	-$702M
Sales/Maturities of Investments	$690M
Other Investing Activities	-$121M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	-$18M
Common Stock Repurchased	-$12M
Common Dividends Paid	-$24M
Other Financing Activities	$209M
NET CASH FROM FINANCING	$156M
FREE CASH FLOW	$53M
Net Change in Cash	$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$47M
Short-Term Investments	$471M
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$547M
PP&E (Net)	$59M
Goodwill	$13M
Intangible Assets	$4M
Long-Term Investments	$2.8B
Tax Assets	$14M
Other Non-Current Assets	$262M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.7B
Account Payables	$640.0K
Short-Term Debt	$43M
Deferred Revenue	$0
Other Current Liabilities	$3.1B
TOTAL CURRENT LIABILITIES	$3.2B
Long-Term Debt	$80M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$61M
TOTAL NON-CURRENT LIABILITIES	$141M
TOTAL LIABILITIES	$3.3B
Common Stock	$36M
Additional Paid-In Capital	$36M
Retained Earnings	$334M
Treasury Stock	$0
Accum. Other Comp. Income	$677.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$406M
Minority Interest	$0
TOTAL EQUITY	$406M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$123M
Net Debt	$76M