$1.4 B

BUSE Mkt cap, 15-Oct-2018

$184.2 M

First Busey Revenue Q2, 2018
First Busey Gross profit (Q2, 2018)165.4 M
First Busey Gross profit margin (Q2, 2018), %89.8%
First Busey Net income (Q2, 2018)46.8 M
First Busey EBIT (Q2, 2018)116.9 M
First Busey Cash, 30-Jun-2018230.7 M
First Busey EV1.4 B

First Busey Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

108.7m167.0m182.8m240.1m

Revenue growth, %

54%9%31%

Cost of goods sold

6.2m10.2m20.9m

Gross profit

176.6m229.8m

Gross profit Margin, %

97%96%

R&D expense

20.6m19.3m

Operating expense total

20.6m174.4m

Depreciation and amortization

5.2m

EBIT

110.2m149.1m198.1m

EBIT margin, %

60%62%

Pre tax profit

59.7m76.4m108.1m

Income tax expense

20.7m26.7m45.4m

Net Income

28.7m32.8m39.0m49.7m62.7m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

45.5m45.6m46.4m59.1m67.9m64.9m66.1m91.1m184.2m

Cost of goods sold

1.6m1.5m1.6m2.6m3.1m2.9m3.6m8.9m18.8m

Gross profit

44.0m44.1m44.8m56.5m64.9m62.0m62.4m82.2m165.4m

Gross profit Margin, %

97%97%97%96%95%96%94%90%90%

R&D expense

3.2m3.1m3.2m5.0m4.4m3.6m3.9m5.2m8.4m

Operating expense total

3.2m3.1m3.2m36.3m39.4m37.6m36.8m51.0m98.3m

Depreciation and amortization

1.5m3.0m

EBIT

27.4m28.1m26.9m36.9m42.2m41.5m41.9m54.4m58.7m116.9m

EBIT margin, %

60%62%58%62%62%64%63%64%63%

Pre tax profit

15.5m16.0m16.1m19.1m23.5m23.9m25.2m28.3m30.2m63.8m

Income tax expense

5.6m5.4m5.7m6.7m8.1m8.7m8.7m9.6m8.3m17.0m

Net Income

7.9m7.9m8.2m9.1m7.8m9.9m10.6m10.4m12.4m15.4m15.2m16.5m18.8m21.9m46.8m

First Busey Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

231.6m339.4m319.3m166.7m353.3m

Accounts Receivable

Inventories

PP&E

65.8m64.0m63.1m77.9m116.9m

Goodwill

20.7m20.7m25.5m102.8m269.3m

Total Assets

3.5b3.7b4.0b5.4b7.9b

Accounts Payable

4.4b6.1b

Short-term debt

75.0m220.0m

Long-term debt

50.0m80.0m80.0m50.0m

Total Debt

155.0m270.0m

Total Liabilities

4.8b6.9b

Additional Paid-in Capital

1.1b

Retained Earnings

(225.7m)(210.4m)(190.3m)(132.1m)

Total Equity

415.4m433.6m373.2m594.3m935.0m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0 x

Financial Leverage

8.5 x8.5 x10.7 x9.1 x8.4 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

198.7m288.6m182.0m179.7m428.9m289.4m175.1m321.0m267.1m360.8m439.5m294.1m214.4m367.5m230.7m

Inventories

2.2b2.2b2.3b2.3b2.4b2.4b2.5b2.5b3.7b

PP&E

67.1m65.0m64.6m64.4m65.0m64.8m63.9m62.9m81.0m80.3m78.0m79.5m119.0m119.8m

Goodwill

20.7m20.7m20.7m20.7m25.5m25.5m25.5m25.5m102.2m102.4m102.8m102.8m218.8m267.7m267.7m

Total Assets

3.5b3.5b3.5b3.5b3.9b3.9b3.9b3.9b5.5b5.6b5.4b5.5b6.9b7.8b7.8b

Accounts Payable

2.9b2.9b2.9b2.8b3.2b3.1b3.1b3.2b4.4b4.3b4.5b4.4b6.3b6.2b

Short-term debt

166.2m246.7m75.0m50.0m150.0m

Long-term debt

30.0m50.0m50.0m50.0m80.0m80.0m80.0m80.0m80.0m50.0m50.0m50.0m

Total Debt

30.0m50.0m50.0m50.0m80.0m246.2m326.7m155.0m130.0m50.0m50.0m200.0m

Total Liabilities

3.1b3.1b3.1b3.1b3.5b3.4b3.4b3.5b4.9b5.0b4.8b4.9b6.1b6.8b6.8b

Additional Paid-in Capital

593.5m593.2m593.3m593.5m593.6m593.8m590.6m591.1m785.8m783.4m780.4m780.9m989.0m1.1b1.1b

Retained Earnings

(228.2m)(221.5m)(217.9m)(213.4m)(207.2m)(201.9m)(195.8m)(184.8m)(177.4m)(168.6m)(155.5m)(146.0m)(135.6m)(119.5m)(104.5m)

Total Equity

414.4m420.3m426.8m430.0m439.8m442.6m444.2m383.3m588.1m596.1m602.3m613.1m836.1m942.1m957.2m

Financial Leverage

8.5 x8.4 x8.2 x8.2 x9 x8.8 x8.7 x10.2 x9.4 x9.4 x9 x9 x8.3 x8.3 x8.1 x

First Busey Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

28.7m32.8m39.0m49.7m62.7m

Depreciation and Amortization

8.6m8.5m3.2m4.4m8.6m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

98.2m68.1m61.5m(20.9m)253.4m

Cash From Investing Activities

(118.7m)(51.3m)(134.2m)149.7m(293.8m)

Long-term Borrowings

(7.0m)(7.0m)(7.0m)

Dividends Paid

(14.0m)(17.2m)(18.6m)(22.7m)(30.7m)

Cash From Financing Activities

(99.1m)91.0m52.6m(281.4m)227.1m

Interest Paid

9.1m6.7m6.3m9.7m19.3m

Income Taxes Paid

4.7m6.4m17.2m20.2m26.4m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

21.8m7.9m16.1m25.2m7.8m9.9m10.6m10.4m22.8m38.2m15.2m31.6m18.8m21.9m46.8m

Depreciation and Amortization

6.5m2.1m4.3m6.4m2.2m3.6m5.1m2.2m5.1m8.5m3.2m6.3m3.9m7.8m

Cash From Operating Activities

77.0m16.8m21.8m46.0m3.9m16.3m38.6m7.0m(57.9m)(31.6m)

Cash From Investing Activities

(129.9m)40.9m(23.8m)(56.4m)64.2m(25.7m)(128.6m)113.8m187.8m190.6m83.9m(75.9m)(88.7m)14.5m(118.7m)

Long-term Borrowings

(7.0m)(4.9m)

Dividends Paid

(9.7m)(3.7m)(8.2m)(12.7m)(4.5m)(9.0m)(13.6m)(4.9m)(9.8m)(16.3m)(6.9m)(13.8m)(9.7m)(19.5m)

Cash From Financing Activities

(99.7m)(741.0k)(47.6m)(41.5m)21.4m(40.6m)(74.3m)(119.1m)(182.2m)(117.5m)2.3m68.1m(93.6m)(115.6m)

Interest Paid

7.1m1.8m3.4m5.1m1.6m3.2m4.8m1.6m4.2m6.7m3.0m6.2m11.5m7.3m17.2m

Income Taxes Paid

3.4m1.1m2.6m2.7m3.1m5.8m9.6m5.2m9.3m13.9m58.0k13.1m19.4m4.3m

First Busey Ratios

USDY, 2018

EV/EBIT

12 x

Financial Leverage

8.1 x
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First Busey Operating Metrics

First Busey's Assets Under Management was reported to be $5.4b in FY, 2016. First Busey's Total Loans was reported to be $3.9b in Q2, 2017.
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