BSRR FY 2019 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2019 Earnings

Reported March 12, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$126M	—	$117M	—	7.8%
Op. Income	$48M	—	$40M	—	20.5%
Gross Margin	87.2%	—	88.3%	—	-1.2pp
Net Margin	28.6%	—	25.4%	—	3.1pp
EPS (Diluted)	$2.33	—	$1.92	—	21.4%
Free Cash Flow	$46M	—	$27M	—	68.2%

Revenue Flow

Item	Amount
REVENUE	$126M
Cost of Revenue	$16M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$37M
SG&A Expenses	$39M
Other Expenses	$23M
Operating Expenses	$62M
Cost & Expenses	$78M
OPERATING INCOME	$48M
Interest Income	$111M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$12M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$48M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$126M
Cost of Revenue	$16M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$37M
SG&A Expenses	$39M
Other Expenses	$23M
Operating Expenses	$62M
Cost & Expenses	$78M
OPERATING INCOME	$48M
Interest Income	$111M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$48M
Income Tax Expense	$12M
Net Income from Continuing Ops	$36M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$36M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$36M
D&A	$4M
EBIT	$48M
EBITDA	$52M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$36M
Depreciation & Amortization	$4M
Stock-Based Compensation	$490.0K
Deferred Income Tax	-$97.0K
Other Non-Cash Items	$8M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$47M
Capital Expenditure	-$783.0K
Acquisitions (Net)	$0
Purchases of Investments	-$190M
Sales/Maturities of Investments	$163M
Other Investing Activities	-$25M
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	-$36M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$11M
Other Financing Activities	$62M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	$46M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$601M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$689M
PP&E (Net)	$27M
Goodwill	$27M
Intangible Assets	$5M
Long-Term Investments	$1.8B
Tax Assets	$3M
Other Non-Current Assets	$79M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$46M
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$70M
TOTAL LIABILITIES	$2.3B
Common Stock	$113M
Additional Paid-In Capital	$3M
Retained Earnings	$187M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	-$113M
TOTAL STOCKHOLDERS' EQUITY	$309M
Minority Interest	$0
TOTAL EQUITY	$309M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$81M
Net Debt	$579.0K