BSRR FY 2010 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2010 Earnings

Reported March 11, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$80M	—	$87M	—	-8.0%
Op. Income	$7M	—	$10M	—	-25.2%
Gross Margin	69.8%	—	61.4%	—	8.4pp
Net Margin	9.2%	—	10.2%	—	-1.1pp
EPS (Diluted)	$0.60	—	$0.86	—	-30.2%
Free Cash Flow	$30M	—	$28M	—	7.2%

Revenue Flow

Item	Amount
REVENUE	$80M
Cost of Revenue	$24M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$26M
Operating Expenses	$49M
Cost & Expenses	$73M
OPERATING INCOME	$7M
Interest Income	$64M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	-$234.0K
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$3M
EBIT	$7M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$80M
Cost of Revenue	$24M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$26M
Operating Expenses	$49M
Cost & Expenses	$73M
OPERATING INCOME	$7M
Interest Income	$64M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	-$234.0K
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$3M
EBIT	$7M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$3M
Stock-Based Compensation	$385.0K
Deferred Income Tax	-$3M
Other Non-Cash Items	$24M
Change in Working Capital	$523.0K
OPERATING CASH FLOW	$32M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$208M
Sales/Maturities of Investments	$151M
Other Investing Activities	$59M
NET CASH FROM INVESTING	-$1M
Net Debt Issuance	-$350.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$73M
NET CASH FROM FINANCING	-$54M
FREE CASH FLOW	$30M
Net Change in Cash	-$24M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42M
PP&E (Net)	$20M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$102M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$46M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$60M
TOTAL LIABILITIES	$1.1B
Common Stock	$63M
Additional Paid-In Capital	$2M
Retained Earnings	$94M
Treasury Stock	$0
Accum. Other Comp. Income	$898.0K
Other Equity	-$63M
TOTAL STOCKHOLDERS' EQUITY	$160M
Minority Interest	$0
TOTAL EQUITY	$160M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$61M
Net Debt	$18M