BSRR FY 2015 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2015 Earnings

Reported March 11, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$77M	—	$68M	—	13.1%
Op. Income	$27M	—	$21M	—	26.6%
Gross Margin	96.7%	—	95.4%	—	1.3pp
Net Margin	23.3%	—	22.3%	—	1.1pp
EPS (Diluted)	$1.33	—	$1.08	—	23.1%
Free Cash Flow	$26M	—	$27M	—	-2.9%

Revenue Flow

Item	Amount
REVENUE	$77M
Cost of Revenue	$3M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$50M
OPERATING INCOME	$27M
Interest Income	$63M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$27M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$77M
Cost of Revenue	$3M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$26M
SG&A Expenses	$28M
Other Expenses	$19M
Operating Expenses	$48M
Cost & Expenses	$50M
OPERATING INCOME	$27M
Interest Income	$63M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$2M
EBIT	$27M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$2M
Stock-Based Compensation	$35.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$6M
Change in Working Capital	$692.0K
OPERATING CASH FLOW	$29M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$136M
Sales/Maturities of Investments	$132M
Other Investing Activities	-$163M
NET CASH FROM INVESTING	-$170M
Net Debt Issuance	$53M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$6M
Other Financing Activities	$101M
NET CASH FROM FINANCING	$140M
FREE CASH FLOW	$26M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$508M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$562M
PP&E (Net)	$22M
Goodwill	$7M
Intangible Assets	$930.0K
Long-Term Investments	$1.1B
Tax Assets	$12M
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.8B
Account Payables	$0
Short-Term Debt	$85M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$24M
TOTAL NON-CURRENT LIABILITIES	$57M
TOTAL LIABILITIES	$1.6B
Common Stock	$62M
Additional Paid-In Capital	$3M
Retained Earnings	$123M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$190M
Minority Interest	$0
TOTAL EQUITY	$190M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$118M
Net Debt	$69M