BSRR FY 2017 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2017 Earnings

Reported March 13, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$97M	—	$84M	—	15.3%
Op. Income	$33M	—	$26M	—	25.8%
Gross Margin	95.8%	—	96.1%	—	-0.3pp
Net Margin	20.1%	—	20.8%	—	-0.7pp
EPS (Diluted)	$1.36	—	$1.29	—	5.4%
Free Cash Flow	$39M	—	$12M	—	221.3%

Revenue Flow

Item	Amount
REVENUE	$97M
Cost of Revenue	$4M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$32M
SG&A Expenses	$35M
Other Expenses	$25M
Operating Expenses	$60M
Cost & Expenses	$64M
OPERATING INCOME	$33M
Interest Income	$81M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$14M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$33M
EBITDA	$37M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$97M
Cost of Revenue	$4M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$32M
SG&A Expenses	$35M
Other Expenses	$25M
Operating Expenses	$60M
Cost & Expenses	$64M
OPERATING INCOME	$33M
Interest Income	$81M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$14M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$33M
EBITDA	$37M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$476.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$5M
Change in Working Capital	$13M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$2M
Acquisitions (Net)	$62M
Purchases of Investments	-$184M
Sales/Maturities of Investments	$150M
Other Investing Activities	-$77M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$68M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$36M
NET CASH FROM FINANCING	-$39M
FREE CASH FLOW	$39M
Net Change in Cash	-$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$70M
Short-Term Investments	$558M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$636M
PP&E (Net)	$29M
Goodwill	$27M
Intangible Assets	$6M
Long-Term Investments	$1.6B
Tax Assets	$7M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.3B
Account Payables	$0
Short-Term Debt	$30M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$66M
TOTAL LIABILITIES	$2.1B
Common Stock	$111M
Additional Paid-In Capital	$3M
Retained Earnings	$144M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$256M
Minority Interest	$0
TOTAL EQUITY	$256M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$65M
Net Debt	-$5M