BMRC FY 2018 Earnings Report — Bank of Marin Bancorp Revenue & Financial Results | Market Cap Arena

Bank of Marin BancorpBMRC

FY 2018 Earnings

Reported March 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$105M	—	$85M	—	24.0%
Op. Income	$43M	—	$29M	—	50.6%
Gross Margin	96.6%	—	97.4%	—	-0.7pp
Net Margin	31.0%	—	18.8%	—	12.2pp
EPS (Diluted)	$2.33	—	$1.27	—	83.5%
Free Cash Flow	$41M	—	$26M	—	61.5%

Revenue Flow

Item	Amount
REVENUE	$105M
Cost of Revenue	$4M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$666.0K
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$23M
Operating Expenses	$58M
Cost & Expenses	$62M
OPERATING INCOME	$43M
Interest Income	$95M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$11M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$43M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$105M
Cost of Revenue	$4M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$666.0K
General & Administrative	$35M
SG&A Expenses	$35M
Other Expenses	$23M
Operating Expenses	$58M
Cost & Expenses	$62M
OPERATING INCOME	$43M
Interest Income	$95M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$11M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$43M
EBITDA	$46M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$3M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$42M
Capital Expenditure	-$907.0K
Acquisitions (Net)	$0
Purchases of Investments	-$238M
Sales/Maturities of Investments	$98M
Other Investing Activities	-$85M
NET CASH FROM INVESTING	-$225M
Net Debt Issuance	$3M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$9M
Other Financing Activities	$27M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$41M
Net Change in Cash	-$169M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$469M
Net Receivables	$76M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$579M
PP&E (Net)	$7M
Goodwill	$30M
Intangible Assets	$6M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.5B
Account Payables	$20M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$10M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10M
TOTAL LIABILITIES	$2.2B
Common Stock	$141M
Additional Paid-In Capital	$0
Retained Earnings	$180M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$316M
Minority Interest	$0
TOTAL EQUITY	$316M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$10M
Net Debt	-$25M