BSRR FY 2020 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$127M	—	$126M	—	1.0%
Op. Income	$47M	—	$48M	—	-2.5%
Gross Margin	89.0%	—	87.2%	—	1.8pp
Net Margin	27.9%	—	28.6%	—	-0.7pp
EPS (Diluted)	$2.32	—	$2.33	—	-0.4%
Free Cash Flow	$37M	—	$46M	—	-19.2%

Revenue Flow

Item	Amount
REVENUE	$127M
Cost of Revenue	$14M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$24M
Operating Expenses	$67M
Cost & Expenses	$81M
OPERATING INCOME	$47M
Interest Income	$110M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$11M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$4M
EBIT	$47M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$127M
Cost of Revenue	$14M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$40M
SG&A Expenses	$42M
Other Expenses	$24M
Operating Expenses	$67M
Cost & Expenses	$81M
OPERATING INCOME	$47M
Interest Income	$110M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$47M
Income Tax Expense	$11M
Net Income from Continuing Ops	$35M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$35M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$35M
D&A	$4M
EBIT	$47M
EBITDA	$51M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$35M
Depreciation & Amortization	$4M
Stock-Based Compensation	$688.0K
Deferred Income Tax	-$3M
Other Non-Cash Items	$14M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$40M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$72M
Sales/Maturities of Investments	$142M
Other Investing Activities	-$694M
NET CASH FROM INVESTING	-$627M
Net Debt Issuance	$23M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$12M
Other Financing Activities	$570M
NET CASH FROM FINANCING	$579M
FREE CASH FLOW	$37M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$71M
Short-Term Investments	$544M
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$631M
PP&E (Net)	$28M
Goodwill	$27M
Intangible Assets	$4M
Long-Term Investments	$2.4B
Tax Assets	$839.0K
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.2B
Account Payables	$0
Short-Term Debt	$182M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$35M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$35M
TOTAL NON-CURRENT LIABILITIES	$70M
TOTAL LIABILITIES	$2.9B
Common Stock	$113M
Additional Paid-In Capital	$4M
Retained Earnings	$208M
Treasury Stock	$0
Accum. Other Comp. Income	$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$344M
Minority Interest	$0
TOTAL EQUITY	$344M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$217M
Net Debt	$146M