BSRR FY 2018 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2018 Earnings

Reported March 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$117M	—	$97M	—	19.9%
Op. Income	$40M	—	$33M	—	19.3%
Gross Margin	88.3%	—	95.8%	—	-7.5pp
Net Margin	25.4%	—	20.1%	—	5.3pp
EPS (Diluted)	$1.92	—	$1.36	—	41.2%
Free Cash Flow	$27M	—	$39M	—	-29.1%

Revenue Flow

Item	Amount
REVENUE	$117M
Cost of Revenue	$14M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$37M
SG&A Expenses	$40M
Other Expenses	$24M
Operating Expenses	$63M
Cost & Expenses	$77M
OPERATING INCOME	$40M
Interest Income	$102M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$10M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$4M
EBIT	$40M
EBITDA	$44M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$117M
Cost of Revenue	$14M
GROSS PROFIT	$103M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$37M
SG&A Expenses	$40M
Other Expenses	$24M
Operating Expenses	$63M
Cost & Expenses	$77M
OPERATING INCOME	$40M
Interest Income	$102M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$10M
Net Income from Continuing Ops	$30M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$30M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$30M
D&A	$4M
EBIT	$40M
EBITDA	$44M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$30M
Depreciation & Amortization	$4M
Stock-Based Compensation	$373.0K
Deferred Income Tax	-$308.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$3M
Acquisitions (Net)	-$6.0K
Purchases of Investments	-$123M
Sales/Maturities of Investments	$109M
Other Investing Activities	-$171M
NET CASH FROM INVESTING	-$188M
Net Debt Issuance	$34M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$137M
NET CASH FROM FINANCING	$162M
FREE CASH FLOW	$27M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$560M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$643M
PP&E (Net)	$30M
Goodwill	$27M
Intangible Assets	$6M
Long-Term Investments	$1.7B
Tax Assets	$9M
Other Non-Current Assets	$74M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.5B
Account Payables	$0
Short-Term Debt	$72M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$2.2B
Common Stock	$113M
Additional Paid-In Capital	$3M
Retained Earnings	$164M
Treasury Stock	$0
Accum. Other Comp. Income	-$7M
Other Equity	-$113M
TOTAL STOCKHOLDERS' EQUITY	$273M
Minority Interest	$0
TOTAL EQUITY	$273M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$107M
Net Debt	$33M