BMRC FY 2006 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$62M	—	—	—	—
Op. Income	$19M	—	—	—	—
Gross Margin	71.4%	—	—	—	—
Net Margin	19.1%	—	—	—	—
EPS (Diluted)	$1.06	—	—	—	—
Free Cash Flow	$10M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$62M
Cost of Revenue	$18M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$44M
OPERATING INCOME	$19M
Interest Income	$58M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$7M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$62M
Cost of Revenue	$18M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$44M
OPERATING INCOME	$19M
Interest Income	$58M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$7M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$942.0K
Change in Working Capital	-$611.0K
OPERATING CASH FLOW	$14M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$12M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$19M
Net Debt Issuance	$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$15M
NET CASH FROM FINANCING	$22M
FREE CASH FLOW	$10M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$0
Net Receivables	$28M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$66M
PP&E (Net)	$8M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$801M
Tax Assets	$0
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$811M
TOTAL ASSETS	$877M
Account Payables	$6M
Short-Term Debt	$39M
Deferred Revenue	$0
Other Current Liabilities	$737M
TOTAL CURRENT LIABILITIES	$782M
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$5M
TOTAL LIABILITIES	$787M
Common Stock	$0
Additional Paid-In Capital	$61M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	-$590.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$90M
Minority Interest	$0
TOTAL EQUITY	$90M
TOTAL LIABILITIES & EQUITY	$877M
Total Debt	$44M
Net Debt	$7M