SYBT FY 2021 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$239M	—	$197M	—	21.0%
Op. Income	$95M	—	$68M	—	40.8%
Gross Margin	97.8%	—	84.6%	—	13.2pp
Net Margin	31.3%	—	29.9%	—	1.4pp
EPS (Diluted)	$2.97	—	$2.59	—	14.7%
Free Cash Flow	$98M	—	$72M	—	36.1%

Revenue Flow

Item	Amount
REVENUE	$239M
Cost of Revenue	$5M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$78M
SG&A Expenses	$83M
Other Expenses	$55M
Operating Expenses	$138M
Cost & Expenses	$143M
OPERATING INCOME	$95M
Interest Income	$177M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$21M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$11M
EBIT	$95M
EBITDA	$107M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$239M
Cost of Revenue	$5M
GROSS PROFIT	$233M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$78M
SG&A Expenses	$83M
Other Expenses	$55M
Operating Expenses	$138M
Cost & Expenses	$143M
OPERATING INCOME	$95M
Interest Income	$177M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$95M
Income Tax Expense	$21M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$11M
EBIT	$95M
EBITDA	$107M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$11M
Stock-Based Compensation	$5M
Deferred Income Tax	$5M
Other Non-Cash Items	$14M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$102M
Capital Expenditure	-$5M
Acquisitions (Net)	$25M
Purchases of Investments	-$505M
Sales/Maturities of Investments	$302M
Other Investing Activities	$103M
NET CASH FROM INVESTING	-$79M
Net Debt Issuance	-$123M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$28M
Other Financing Activities	$775M
NET CASH FROM FINANCING	$620M
FREE CASH FLOW	$98M
Net Change in Cash	$643M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$1.2B
Net Receivables	$30M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$77M
Goodwill	$136M
Intangible Assets	$10M
Long-Term Investments	$4.1B
Tax Assets	$24M
Other Non-Current Assets	$997M
TOTAL NON-CURRENT ASSETS	$5.4B
TOTAL ASSETS	$6.6B
Account Payables	$300.0K
Short-Term Debt	$86M
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$97M
TOTAL NON-CURRENT LIABILITIES	$97M
TOTAL LIABILITIES	$6.0B
Common Stock	$50M
Additional Paid-In Capital	$243M
Retained Earnings	$391M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$676M
Minority Interest	$0
TOTAL EQUITY	$676M
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$86M
Net Debt	$24M