BSRR FY 2012 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2012 Earnings

Reported March 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$71M	—	$71M	—	-0.2%
Op. Income	$8M	—	$8M	—	-6.0%
Gross Margin	73.8%	—	75.1%	—	-1.3pp
Net Margin	11.6%	—	11.0%	—	0.6pp
EPS (Diluted)	$0.58	—	$0.55	—	5.5%
Free Cash Flow	$35M	—	$32M	—	10.6%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$19M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$22M
Operating Expenses	$44M
Cost & Expenses	$63M
OPERATING INCOME	$8M
Interest Income	$55M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	-$344.0K
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	$2M
EBIT	$8M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$19M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$21M
SG&A Expenses	$23M
Other Expenses	$22M
Operating Expenses	$44M
Cost & Expenses	$63M
OPERATING INCOME	$8M
Interest Income	$55M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	-$344.0K
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	$2M
EBIT	$8M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$487.0K
Deferred Income Tax	-$564.0K
Other Non-Cash Items	$26M
Change in Working Capital	$2M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$150M
Sales/Maturities of Investments	$170M
Other Investing Activities	-$148M
NET CASH FROM INVESTING	-$132M
Net Debt Issuance	$10M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$86M
NET CASH FROM FINANCING	$92M
FREE CASH FLOW	$35M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$62M
Short-Term Investments	$380M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$451M
PP&E (Net)	$22M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$878M
Tax Assets	$12M
Other Non-Current Assets	$70M
TOTAL NON-CURRENT ASSETS	$987M
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$52M
TOTAL LIABILITIES	$1.3B
Common Stock	$64M
Additional Paid-In Capital	$3M
Retained Earnings	$103M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$174M
Minority Interest	$0
TOTAL EQUITY	$174M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$74M
Net Debt	$12M