BSRR FY 2014 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2014 Earnings

Reported March 12, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$68M	—	$67M	—	2.9%
Op. Income	$21M	—	$16M	—	30.2%
Gross Margin	95.4%	—	88.6%	—	6.8pp
Net Margin	22.3%	—	20.1%	—	2.2pp
EPS (Diluted)	$1.08	—	$0.94	—	14.9%
Free Cash Flow	$27M	—	$33M	—	-19.4%

Revenue Flow

Item	Amount
REVENUE	$68M
Cost of Revenue	$3M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$26M
Other Expenses	$17M
Operating Expenses	$44M
Cost & Expenses	$47M
OPERATING INCOME	$21M
Interest Income	$55M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$21M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$68M
Cost of Revenue	$3M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$26M
Other Expenses	$17M
Operating Expenses	$44M
Cost & Expenses	$47M
OPERATING INCOME	$21M
Interest Income	$55M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$21M
EBITDA	$24M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$2M
Stock-Based Compensation	$181.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	$8M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$2M
Acquisitions (Net)	$514.0K
Purchases of Investments	-$151M
Sales/Maturities of Investments	$109M
Other Investing Activities	-$102M
NET CASH FROM INVESTING	-$146M
Net Debt Issuance	$16M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$5M
Other Financing Activities	$87M
NET CASH FROM FINANCING	$88M
FREE CASH FLOW	$27M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$50M
Short-Term Investments	$512M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$568M
PP&E (Net)	$22M
Goodwill	$7M
Intangible Assets	$1M
Long-Term Investments	$968M
Tax Assets	$13M
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$25M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$37M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$58M
TOTAL LIABILITIES	$1.5B
Common Stock	$64M
Additional Paid-In Capital	$3M
Retained Earnings	$116M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$187M
Minority Interest	$0
TOTAL EQUITY	$187M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$62M
Net Debt	$12M