BSRR FY 2009 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2009 Earnings

Reported March 12, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$87M	—	$94M	—	-6.9%
Op. Income	$10M	—	$17M	—	-44.8%
Gross Margin	61.4%	—	56.6%	—	4.8pp
Net Margin	10.2%	—	14.3%	—	-4.1pp
EPS (Diluted)	$0.86	—	$1.37	—	-37.2%
Free Cash Flow	$28M	—	$27M	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$87M
Cost of Revenue	$34M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$25M
Operating Expenses	$44M
Cost & Expenses	$78M
OPERATING INCOME	$10M
Interest Income	$70M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$608.0K
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$10M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$87M
Cost of Revenue	$34M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$25M
Operating Expenses	$44M
Cost & Expenses	$78M
OPERATING INCOME	$10M
Interest Income	$70M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$608.0K
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$10M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$3M
Stock-Based Compensation	$250.0K
Deferred Income Tax	-$9M
Other Non-Cash Items	$27M
Change in Working Capital	$66.0K
OPERATING CASH FLOW	$31M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$120M
Sales/Maturities of Investments	$89M
Other Investing Activities	$22M
NET CASH FROM INVESTING	-$13M
Net Debt Issuance	-$60M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$40M
NET CASH FROM FINANCING	-$4M
FREE CASH FLOW	$28M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$66M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$66M
PP&E (Net)	$20M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$105M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$10M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$51M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$66M
TOTAL LIABILITIES	$1.2B
Common Stock	$0
Additional Paid-In Capital	$1M
Retained Earnings	$89M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$134M
Minority Interest	$0
TOTAL EQUITY	$134M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$61M
Net Debt	-$5M