BMRC FY 2017 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2017 Earnings

Reported March 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$85M	—	$85M	—	0.3%
Op. Income	$29M	—	$36M	—	-20.9%
Gross Margin	97.4%	—	99.5%	—	-2.1pp
Net Margin	18.8%	—	27.3%	—	-8.5pp
EPS (Diluted)	$1.27	—	$1.89	—	-32.8%
Free Cash Flow	$26M	—	$24M	—	4.5%

Revenue Flow

Item	Amount
REVENUE	$85M
Cost of Revenue	$2M
GROSS PROFIT	$83M
R&D Expenses	$0
Selling & Marketing	$567.0K
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$22M
Operating Expenses	$54M
Cost & Expenses	$56M
OPERATING INCOME	$29M
Interest Income	$77M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$13M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$29M
EBITDA	$31M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$85M
Cost of Revenue	$2M
GROSS PROFIT	$83M
R&D Expenses	$0
Selling & Marketing	$567.0K
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$22M
Operating Expenses	$54M
Cost & Expenses	$56M
OPERATING INCOME	$29M
Interest Income	$77M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$13M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$29M
EBITDA	$31M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$2M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$5M
Change in Working Capital	$745.0K
OPERATING CASH FLOW	$27M
Capital Expenditure	-$1M
Acquisitions (Net)	$60M
Purchases of Investments	-$124M
Sales/Maturities of Investments	$130M
Other Investing Activities	-$57M
NET CASH FROM INVESTING	$8M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$127M
NET CASH FROM FINANCING	$120M
FREE CASH FLOW	$26M
Net Change in Cash	$155M

Balance Sheet

Item	Amount
Cash & Equivalents	$204M
Short-Term Investments	$332M
Net Receivables	$73M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$611M
PP&E (Net)	$9M
Goodwill	$30M
Intangible Assets	$6M
Long-Term Investments	$1.8B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.5B
Account Payables	$17M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$6M
TOTAL LIABILITIES	$2.2B
Common Stock	$144M
Additional Paid-In Capital	$0
Retained Earnings	$156M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$297M
Minority Interest	$0
TOTAL EQUITY	$297M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$6M
Net Debt	-$198M