BSRR FY 2011 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2011 Earnings

Reported March 12, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$71M	—	$80M	—	-11.9%
Op. Income	$8M	—	$7M	—	17.0%
Gross Margin	75.1%	—	69.8%	—	5.3pp
Net Margin	11.0%	—	9.2%	—	1.8pp
EPS (Diluted)	$0.55	—	$0.60	—	-8.3%
Free Cash Flow	$32M	—	$30M	—	8.1%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$18M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$22M
Operating Expenses	$45M
Cost & Expenses	$63M
OPERATING INCOME	$8M
Interest Income	$59M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$564.0K
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$3M
EBIT	$8M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$18M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$22M
Operating Expenses	$45M
Cost & Expenses	$63M
OPERATING INCOME	$8M
Interest Income	$59M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$564.0K
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$3M
EBIT	$8M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$3M
Stock-Based Compensation	$460.0K
Deferred Income Tax	-$881.0K
Other Non-Cash Items	$22M
Change in Working Capital	$3M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$206M
Sales/Maturities of Investments	$130M
Other Investing Activities	$27M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	$2M
Common Stock Repurchased	-$23.0K
Common Dividends Paid	-$3M
Other Financing Activities	$38M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$32M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$63M
Short-Term Investments	$406M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$477M
PP&E (Net)	$21M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$752M
Tax Assets	$12M
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$858M
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$20M
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	$1.2B
Common Stock	$64M
Additional Paid-In Capital	$2M
Retained Earnings	$98M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$169M
Minority Interest	$0
TOTAL EQUITY	$169M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$66M
Net Debt	$3M