BSRR FY 2006 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2006 Earnings

Reported March 15, 2007

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	$92M	—	—	—	—
Op. Income	$29M	—	—	—	—
Gross Margin	68.5%	—	—	—	—
Net Margin	20.9%	—	—	—	—
EPS (Diluted)	$1.87	—	—	—	—
Free Cash Flow	$25M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$29M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$17M
Operating Expenses	$34M
Cost & Expenses	$63M
OPERATING INCOME	$29M
Interest Income	$81M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$10M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$29M
EBITDA	$33M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$29M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$17M
Operating Expenses	$34M
Cost & Expenses	$63M
OPERATING INCOME	$29M
Interest Income	$81M
Interest Expense	$25M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$10M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$29M
EBITDA	$33M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$4M
Stock-Based Compensation	$0
Deferred Income Tax	$236.0K
Other Non-Cash Items	$4M
Change in Working Capital	$1M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$35M
Sales/Maturities of Investments	$33M
Other Investing Activities	-$154M
NET CASH FROM INVESTING	-$160M
Net Debt Issuance	$96M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$54M
NET CASH FROM FINANCING	$140M
FREE CASH FLOW	$25M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$53M
Short-Term Investments	$0
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$59M
PP&E (Net)	$18M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$182M
Deferred Revenue	$0
Other Current Liabilities	$868M
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$58M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$1.1B
Common Stock	$16M
Additional Paid-In Capital	$0
Retained Earnings	$76M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$90M
Minority Interest	$0
TOTAL EQUITY	$90M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$240M
Net Debt	$188M