BSRR FY 2008 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2008 Earnings

Reported March 12, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$94M	—	$102M	—	-8.3%
Op. Income	$17M	—	$32M	—	-45.6%
Gross Margin	56.6%	—	66.1%	—	-9.6pp
Net Margin	14.3%	—	20.5%	—	-6.2pp
EPS (Diluted)	$1.37	—	$2.09	—	-34.4%
Free Cash Flow	$27M	—	$32M	—	-16.4%

Revenue Flow

Item	Amount
REVENUE	$94M
Cost of Revenue	$41M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$19M
Operating Expenses	$36M
Cost & Expenses	$77M
OPERATING INCOME	$17M
Interest Income	$78M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$94M
Cost of Revenue	$41M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$19M
Operating Expenses	$36M
Cost & Expenses	$77M
OPERATING INCOME	$17M
Interest Income	$78M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$3M
Stock-Based Compensation	$209.0K
Deferred Income Tax	$620.0K
Other Non-Cash Items	$18M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$102M
Sales/Maturities of Investments	$44M
Other Investing Activities	-$43M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	-$123M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$7M
Other Financing Activities	$214M
NET CASH FROM FINANCING	$82M
FREE CASH FLOW	$27M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$46M
PP&E (Net)	$19M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$84M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$61M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$74M
TOTAL LIABILITIES	$1.2B
Common Stock	$0
Additional Paid-In Capital	$22M
Retained Earnings	$84M
Treasury Stock	$0
Accum. Other Comp. Income	$979.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$107M
Minority Interest	$0
TOTAL EQUITY	$107M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$145M
Net Debt	$99M