BMRC FY 2016 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2016 Earnings

Reported March 13, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$85M	—	$79M	—	7.6%
Op. Income	$36M	—	$29M	—	26.1%
Gross Margin	99.5%	—	96.5%	—	3.0pp
Net Margin	27.3%	—	23.5%	—	3.9pp
EPS (Diluted)	$1.89	—	$1.52	—	24.3%
Free Cash Flow	$24M	—	$22M	—	9.6%

Revenue Flow

Item	Amount
REVENUE	$85M
Cost of Revenue	$419.0K
GROSS PROFIT	$84M
R&D Expenses	$0
Selling & Marketing	$565.0K
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$48M
OPERATING INCOME	$36M
Interest Income	$75M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$13M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$2M
EBIT	$36M
EBITDA	$39M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$85M
Cost of Revenue	$419.0K
GROSS PROFIT	$84M
R&D Expenses	$0
Selling & Marketing	$565.0K
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$48M
OPERATING INCOME	$36M
Interest Income	$75M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$13M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$2M
EBIT	$36M
EBITDA	$39M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	$3.0K
OPERATING CASH FLOW	$25M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$164M
Sales/Maturities of Investments	$225M
Other Investing Activities	-$36M
NET CASH FROM INVESTING	$24M
Net Debt Issuance	-$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$46M
NET CASH FROM FINANCING	-$27M
FREE CASH FLOW	$24M
Net Change in Cash	$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$373M
Net Receivables	$69M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$490M
PP&E (Net)	$9M
Goodwill	$6M
Intangible Assets	$3M
Long-Term Investments	$1.5B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$2.0B
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$6M
TOTAL LIABILITIES	$1.8B
Common Stock	$87M
Additional Paid-In Capital	$0
Retained Earnings	$146M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$231M
Minority Interest	$0
TOTAL EQUITY	$231M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$6M
Net Debt	-$43M