German American Bancorp, Inc.

GABC

GABCGerman American Bancorp, Inc. US flag

NASDAQ Global Select

43.47

USD

+0.79

- -

1.63BMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	86	88	92	98	103	127	132	152	191	210	220	260	251	215	361
+ Sales & Services Revenue	86	88	92	98	103	127	132	152	191	210	220	260	251	215	361
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	31	32	34	36	40	48	51	56	69	72	74	90	91	89	117
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-31	-32	-34	-36	-40	-48	-51	-56	-69	-72	-74	-90	-91	-89	-117
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-28	-35	-37	-40	-42	-49	-52	-56	-71	-75	-103	-99	-104	-104	-140
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-28	-35	-37	-40	-42	-49	-52	-56	-71	-75	-103	-99	-104	-104	-140
Pretax Income	28	35	37	40	42	49	52	56	71	75	103	99	104	104	140
- Income Tax Expense (Benefit)	8	11	11	12	12	14	12	10	12	13	19	17	18	20	27
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	20	24	25	28	30	35	41	47	59	62	84	82	86	84	113
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	20	24	25	28	30	35	41	47	59	62	84	82	86	84	113
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	20	24	25	28	30	35	41	47	59	62	84	82	86	84	113
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	20	24	25	28	30	35	41	47	59	62	84	82	86	84	113
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	5	5	4	5	4	4	5	6	9	9	9	10	10	9	19
EBITDA Margin (%)	6.01	5.32	4.84	4.89	4.14	3.4	3.56	4.08	4.52	4.5	3.98	3.9	3.81	4.32	5.18
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	23.67	27.32	27.58	28.84	29.19	27.72	30.87	30.68	31.05	29.66	38.19	31.51	34.26	38.99	31.16
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.37	0.37	0.4	0.43	0.45	0.47	0.52	0.6	0.68	0.76	0.84	0.92	1	1.07	1.18
Depreciation Expense	5	5	4	5	4	4	5	6	9	9	9	10	10	9	19
Basic Weighted Avg Shares	19	19	19	20	20	22	23	23	26	27	27	29	30	30	37
Basic EPS, GAAP	1.07	1.27	1.33	1.43	1.51	1.57	1.77	1.99	2.29	2.34	3.17	2.78	2.91	2.83	3.06
Basic EPS from Cont Ops	1.07	1.27	1.33	1.43	1.51	1.57	1.77	1.99	2.29	2.34	3.17	2.78	2.91	2.83	3.06
Diluted Weighted Avg Shares	19	19	19	20	20	22	23	23	26	27	27	29	30	30	37
Diluted EPS, GAAP	1.07	1.27	1.32	1.43	1.51	1.57	1.77	1.99	2.29	2.34	3.17	2.78	2.91	2.83	3.06
Diluted EPS from Cont Ops	1.07	1.27	1.32	1.43	1.51	1.57	1.77	1.99	2.29	2.34	3.17	2.78	2.91	2.83	3.06

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	551	632	644	665	674	758	788	877	917	1,277	1,938	1,838	1,676	1,587	1,234
+ Cash & Cash Equivalents	34	44	37	34	36	48	47	65	62	59	48	76	79	70	72
+ ST Investments	517	588	606	631	638	710	741	813	855	1,218	1,890	1,762	1,597	1,517	1,162
+ Accounts & Notes Receiv	61	62	15	22	22	26	30	35	44	44	44	124	- -	- -	- -
+ Accounts Receivable, Net	61	62	15	22	22	26	30	35	44	44	44	124	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-612	-694	-658	-687	-696	-784	-818	-913	-961	-1,321	-1,981	-1,962	-1,676	-1,587	-1,234
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	38	37	40	40	38	48	54	81	97	97	89	112	107	104	139
+ Property, Plant & Equip	70	71	78	80	79	93	101	131	155	161	154	184	179	183	228
- Accumulated Depreciation	32	35	37	40	41	45	46	51	58	64	65	72	73	79	89
+ LT Investments & Receivables	518	588	606	631	638	710	741	813	855	1,218	1,890	1,762	1,597	1,518	1,658
+ LT Investments	518	588	606	631	638	710	741	813	855	1,218	1,890	1,762	1,597	1,518	1,658
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-555	-625	-647	-671	-676	-758	-795	-894	-952	-1,315	-1,979	-1,874	-1,704	-1,622	-1,797
+ Total Intangible Assets	23	22	24	23	22	57	56	114	134	131	128	190	187	183	409
+ Goodwill	19	19	21	21	21	54	54	104	121	122	122	180	180	179	375
+ Other Intangible Assets	4	3	3	2	1	3	2	10	13	9	6	9	6	4	34
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-578	-646	-671	-694	-698	-815	-851	-1,007	-1,086	-1,446	-2,106	-2,064	-1,891	-1,805	-2,206
Total Assets	1,874	2,006	2,164	2,237	2,374	2,956	3,144	3,929	4,398	4,978	5,609	6,156	6,152	6,296	8,389
+ Payables & Accruals	19	19	11	22	22	18	21	21	44	52	44	44	- -	- -	- -
+ Accounts Payable	19	19	11	22	22	18	21	21	44	52	44	44	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	4	48	38	89	104	92	92	195	124	- -	- -	25	- -	- -	- -
+ ST Borrowings	4	48	38	89	104	92	92	195	124	- -	- -	25	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-22	-68	-49	-112	-126	-110	-113	-216	-168	-52	-44	-69	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-22	-68	-49	-112	-126	-110	-113	-216	-168	-52	-44	-69	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	91	89	87	65	96	121	142	127	182	142	84	103	128	153	139
+ LT Borrowings	89	87	84	61	92	117	138	123	179	138	81	100	125	151	137
+ LT Finance Leases	2	2	4	4	4	4	4	4	3	3	3	3	3	2	2
+ Other LT Liabilities	-91	-89	-87	-65	-96	-121	-142	-127	-182	-142	-84	-103	-128	-153	-139
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-91	-89	-87	-65	-96	-121	-142	-127	-182	-142	-84	-103	-128	-153	-139
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	1,706	1,821	1,964	2,008	2,121	2,626	2,780	3,470	3,824	4,353	4,940	5,598	5,489	5,581	7,226
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	108	108	121	122	123	187	188	254	306	301	303	417	419	422	744
+ Common Stock	13	13	13	13	13	15	23	25	27	27	27	29	30	30	37
+ Additional Paid in Capital	95	96	108	109	110	172	165	229	279	274	276	387	389	392	707
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	49	66	84	104	125	150	179	211	253	288	350	405	462	514	583
+ Other Equity	11	10	-5	3	4	-6	-3	-7	15	35	15	-263	-217	-220	-165
Equity Before Minority Interest	168	185	200	229	252	330	365	459	574	625	668	558	664	715	1,162
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	168	185	200	229	252	330	365	459	574	625	668	558	664	715	1,162
Total Liabilities & Equity	1,874	2,006	2,164	2,237	2,374	2,956	3,144	3,929	4,398	4,978	5,609	6,156	6,152	6,296	8,389
Shares Outstanding	19	19	20	20	20	23	23	25	27	27	27	29	30	30	37
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	2	2	4	4	4	4	4	4	3	3	3	3	3	2	2
Net Debt	58	91	84	116	160	160	183	253	241	79	33	49	46	81	65
Net Debt to Equity	34.46	49.35	42	50.75	63.27	48.39	50.14	55.23	41.93	12.68	4.92	8.74	6.94	11.34	5.57
Tangible Common Equity Ratio	7.8	8.24	8.24	9.31	9.8	9.43	9.99	9.04	10.32	10.19	9.87	6.18	7.99	8.7	9.44
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	20	24	25	28	30	35	41	47	59	62	84	82	86	84	113
+ Depreciation & Amortization	5	5	4	5	4	4	5	6	9	9	9	10	10	9	19
+ Non-Cash Items	-4	10	8	4	-2	-1	14	8	-6	19	6	18	11	2	18
+ Stock-Based Compensation	1	1	- -	1	1	1	1	1	1	1	2	2	2	3	3
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	-4	9	8	3	-3	-2	13	6	-7	18	5	15	9	-1	15
+ Chg in Non-Cash Work Cap	5	4	4	- -	-1	3	-5	2	3	2	2	1	1	- -	10
+ (Inc) Dec in Accts Receiv	5	3	6	-10	- -	6	-5	2	-2	-3	3	-1	4	2	7
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	-2	10	-1	-3	- -	- -	4	4	-1	2	-3	-1	2
+ Inc (Dec) in Other	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	27	42	42	36	31	42	55	62	65	92	101	110	107	96	159
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	2	4	2	- -	4	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	2	4	2	- -	4	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-4	-4	-5	-3	-2	-5	-11	-15	-9	-7	-5	-8	-6	-5	-5
+ Acq of Fixed Prod Assets	-4	-4	-5	-3	-2	-5	-11	-15	-9	-7	-5	-8	-6	-5	-5
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-169	-73	30	-13	-7	44	-27	29	28	-338	-701	-129	218	38	152
+ Dec in LT Investment	127	239	301	139	110	270	129	170	198	327	320	289	401	761	773
+ Inc in LT Investment	-297	-312	-271	-152	-117	-226	-157	-141	-170	-665	-1,021	-418	-183	-722	-620
+ Net Cash From Acq & Div	112	- -	6	- -	- -	-1	- -	25	6	- -	2	208	- -	- -	23
+ Cash from Divestitures	56	- -	6	- -	- -	- -	- -	43	6	- -	2	208	- -	- -	23
+ Cash for Acq of Subs	56	- -	- -	- -	- -	-1	- -	-18	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-43	-85	-98	-63	-118	-109	-151	-78	5	-5	62	-95	-189	-116	-230
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-105	-162	-67	-78	-127	-72	-189	-39	31	-346	-640	-24	27	-82	-60
+ Dividends Paid	-7	-7	-8	-8	-9	-11	-12	-14	-18	-20	-22	-27	-29	-32	-43
+ Net Cash From Debt	-7	-2	-2	-23	31	-25	21	-15	24	-41	-58	-42	25	25	-39
+ Cash From Debt	- -	20	47	20	75	- -	75	25	89	- -	- -	- -	25	75	25
+ Repayments of Debt	-7	-22	-49	-43	-44	-25	-54	-40	-65	-41	-58	-42	- -	-50	-64
+ Other Financing Activities	134	116	47	56	83	78	131	32	-95	556	671	-295	-132	67	-87
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	120	108	37	24	105	43	140	3	-89	496	591	-364	-137	60	-169
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	42	-12	11	-18	10	13	6	26	7	242	51	-278	-2	73	-70
EBITDA	5	5	4	5	4	4	5	6	9	9	9	10	10	9	19
EBITDA Margin (%)	6.01	5.32	4.84	4.89	4.14	3.4	3.56	4.08	4.52	4.5	3.98	3.9	3.81	4.32	5.18
Free Cash Flow	23	38	37	33	30	37	44	47	56	85	96	102	101	91	154
Net Cash Paid for Acquisitions	-112	- -	-6	- -	- -	1	- -	-25	-6	- -	-2	-208	- -	- -	-23
Free Cash Flow to Firm	23	38	37	33	30	37	44	47	56	85	96	102	101	91	154
Free Cash Flow to Equity	16	37	34	11	61	12	65	32	82	49	40	60	130	116	115
Free Cash Flow per Basic Share	1.2	2.03	1.91	1.69	1.49	1.64	1.91	2.02	2.16	3.22	3.62	3.47	3.43	3.06	4.19
Price/Free Cash Flow	7.49	6.02	7.78	10.21	13.43	16.66	12.26	8.38	12.33	8.83	9.8	9.32	8.48	11.83	8.76
Cash Flow to Net Income	1.31	1.75	1.64	1.29	1.04	1.19	1.35	1.34	1.1	1.49	1.2	1.34	1.25	1.14	1.41
Capital Expenditures	-4	-4	-5	-3	-2	-5	-11	-15	-9	-7	-5	-8	-6	-5	-5