MainSource Financial Group Financials

$1 B

Mkt cap, 29-Mar-2018
EBIT (FY, 2017)141.6 M
Cash, 31-Dec-201797.5 M
EV979.8 M

Revenue/Financials

Income Statement

Annual

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

Revenue

101.3 m102.8 m111.1 m180.9 m

Revenue growth, %

2%8%63%

Cost of goods sold

8.4 m10.7 m

Gross profit

102.7 m170.2 m

Gross profit Margin, %

92%94%

EBIT

31.7 m36.8 m45.8 m115.9 m

EBIT margin, %

31%36%41%64%

Pre tax profit

45.8 m50.5 m

Income tax expense

5.3 m7.8 m10.2 m12.1 m

Net Income

26.3 m29 m35.5 m38.3 m

Quarterly

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

Revenue

40.2 m41.5 m40.3 m44.6 m47.8 m48.2 m52.7 m

Cost of goods sold

1.9 m2 m2.4 m2.7 m2.9 m2.9 m3.7 m

Gross profit

38.2 m39.4 m38 m41.9 m44.9 m45.3 m49 m

Gross profit Margin, %

95%95%94%94%94%94%93%

Sales and marketing expense

903 k948 k654 k1.1 m780 k765 k980 k

Operating expense total

25.7 m26.6 m26.2 m34.1 m28.9 m29.4 m36.4 m

EBIT

25.3 m25.3 m25.9 m28 m30.8 m32.3 m35.4 m36.8 m

EBIT margin, %

63%61%64%63%65%67%67%

Pre tax profit

12.5 m12 m11.3 m7.6 m15.8 m15.9 m12.5 m14.8 m

Income tax expense

2.5 m1.5 m4.1 m3.8 m2.9 m

Net Income

7.6 m6.2 m7.8 m8.5 m7.7 m9.7 m9.1 m8.8 m14.9 m26.6 m12.1 m32.8 m

Balance Sheet

Annual

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

Cash

61.3 m62.5 m67.6 m86.6 m97.5 m

Accounts Receivable

Inventories

PP&E

56 m60.5 m63 m76.4 m82.4 m

Goodwill

64.9 m73.5 m76 m101.3 m137.1 m

Total Assets

2.9 b3.1 b3.4 b4.1 b4.6 b

Accounts Payable

3.1 b3.5 b

Short-term debt

46.4 m41.2 m41.2 m41.2 m56.5 m

Long-term debt

Total Debt

41.2 m56.5 m

Total Liabilities

3.6 b4.1 b

Additional Paid-in Capital

224.8 m246.6 m247.6 m299.1 m347.2 m

Retained Earnings

77.6 m97.9 m121.7 m145.7 m178 m

Total Equity

305.5 m360.7 m381.4 m449.5 m533 m

Debt to Equity Ratio

0.1 x

Debt to Assets Ratio

0 x

Financial Leverage

9.4 x8.7 x8.9 x9.1 x8.7 x

Quarterly

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

Cash

84.1 m72.2 m72.8 m69.9 m69.6 m112.4 m112.4 m72 m88.4 m80.3 m77.5 m82.7 m70.3 m

PP&E

56.6 m55.3 m54 m55.2 m60.7 m60.9 m62.4 m64.4 m75.6 m76.4 m76.4 m87 m

Goodwill

64.4 m64.9 m64.9 m64.9 m73.5 m73.5 m76 m76 m99.8 m100.9 m101.9 m135.1 m136.3 m

Total Assets

2.8 b2.9 b2.9 b2.9 b3.2 b3.2 b3.3 b3.4 b4 b4 b4 b4.6 b4.6 b

Accounts Payable

2.2 b2.2 b2.3 b2.2 b2.5 b2.5 b2.6 b2.6 b3.1 b3.1 b3.2 b3.5 b

Short-term debt

50.5 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m47.1 m

Total Debt

50.5 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m41.2 m47.1 m

Total Liabilities

2.5 b2.6 b2.5 b2.6 b2.8 b2.9 b3 b3 b3.5 b3.6 b3.6 b4.1 b4.1 b

Additional Paid-in Capital

224.5 m225.1 m225.3 m225.5 m246.8 m247.1 m247.3 m247.9 m298.4 m298.6 m299.1 m346.6 m346.9 m

Retained Earnings

71.8 m81.8 m87.5 m93.7 m102.7 m109.5 m115.6 m127.2 m129.7 m137.9 m154 m159.3 m166 m

Total Equity

304.5 m315.6 m327.4 m332.8 m368.9 m368 m378.1 m394.2 m453.8 m459.6 m459.8 m516.4 m524 m

Financial Leverage

9.3 x9.1 x8.7 x8.7 x8.5 x8.8 x8.8 x8.7 x8.8 x8.7 x8.8 x8.9 x8.8 x

Cash Flow

Annual

usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

26.3 m29 m35.5 m38.3 m49.4 m

Depreciation and Amortization

5.8 m5.9 m6.4 m7.3 m8.2 m

Accounts Receivable

Inventories

Accounts Payable

Cash From Operating Activities

60.1 m43.4 m53.4 m47.3 m65.9 m

Purchases of PP&E

(234 m)(61.8 m)(345.8 m)(242.7 m)(216.3 m)

Cash From Investing Activities

(179.2 m)(18 m)

Long-term Borrowings

(560.4 m)(874.7 m)(647.3 m)(452 m)(168.7 m)

Cash From Financing Activities

123.2 m150.9 m(37 m)

Interest Paid

10.4 m8.8 m8.4 m10.4 m16.4 m

Income Taxes Paid

2.4 m4.7 m5 m5.4 m8.7 m

Quarterly

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

Net Income

18.9 m6.2 m14 m22.4 m7.7 m17.3 m26.4 m8.8 m14.9 m26.6 m12.1 m32.8 m

Depreciation and Amortization

4.3 m1.4 m2.9 m4.4 m1.6 m3.1 m4.7 m1.7 m3.5 m5.4 m931 k4 m

Cash From Operating Activities

49.3 m14.6 m21.1 m35 m43.7 m9.7 m9.3 m31.4 m23.4 m35.9 m50.6 m

Purchases of PP&E

(203.1 m)(9.1 m)(19.5 m)(35.2 m)(67 m)(107.2 m)(284.8 m)(35.9 m)(143.3 m)(186.2 m)(47.4 m)(138.2 m)

Cash From Investing Activities

(94 m)(15.4 m)(56.5 m)(95.1 m)18.7 m22.2 m

Long-term Borrowings

(326 m)(333.4 m)(588.4 m)(722.5 m)(143.9 m)(417.3 m)(546.4 m)(243.9 m)(427 m)(442 m)(19.9 m)(60.7 m)

Cash From Financing Activities

(29.9 m)(2.1 m)10.1 m68 m76.4 m(51.2 m)(61.9 m)(65.6 m)

Interest Paid

8 m2.3 m4.5 m6.7 m2.3 m4.2 m6.2 m2.4 m4.9 m8.3 m3.2 m7 m11.5 m

Income Taxes Paid

300 k2.3 m2.4 m300 k2.3 m3.3 m851 k2.7 m3 m851 k5.8 m7.3 m

Ratios

USDY, 2017

EV/EBIT

6.9 x

EV/CFO

14.9 x

Financial Leverage

8.7 x
Report incorrect company information

Operating Metrics

MainSource Financial Group's Total Loans was reported to be $3b in Q2, 2017.
FY, 2014Q1, 2015Q2, 2015Q3, 2015FY, 2015Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Non-accrual Loans

$13.60 m$12.84 m$15.81 m

Non-performing Loans

$28.84 m$17.58 m$20.03 m$16.89 m$16.04 m$14.43 m$19.83 m$18.28 m$21.21 m$23.41 m$22.50 m

Total Loans

$1.75 b$1.97 b$2 b$2.08 b$2.02 b$2.16 b$2.55 b$2.58 b$2.41 b$2.61 b$3.03 b
Report incorrect company information