BSRR FY 2021 Earnings Report — Sierra Bancorp Revenue & Financial Results | Market Cap Arena

Sierra BancorpBSRR

FY 2021 Earnings

Reported March 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$131M	—	$127M	—	3.5%
Op. Income	$57M	—	$47M	—	22.9%
Gross Margin	99.7%	—	89.0%	—	10.7pp
Net Margin	32.7%	—	27.9%	—	4.8pp
EPS (Diluted)	$2.80	—	$2.32	—	20.7%
Free Cash Flow	$52M	—	$37M	—	40.9%

Revenue Flow

Item	Amount
REVENUE	$131M
Cost of Revenue	$400.0K
GROSS PROFIT	$131M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$30M
Operating Expenses	$74M
Cost & Expenses	$74M
OPERATING INCOME	$57M
Interest Income	$113M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$14M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$4M
EBIT	$57M
EBITDA	$61M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$131M
Cost of Revenue	$400.0K
GROSS PROFIT	$131M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$30M
Operating Expenses	$74M
Cost & Expenses	$74M
OPERATING INCOME	$57M
Interest Income	$113M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$57M
Income Tax Expense	$14M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$4M
EBIT	$57M
EBITDA	$61M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$4M
Stock-Based Compensation	$995.0K
Deferred Income Tax	$85.0K
Other Non-Cash Items	$1M
Change in Working Capital	$3M
OPERATING CASH FLOW	$53M
Capital Expenditure	-$371.0K
Acquisitions (Net)	$0
Purchases of Investments	-$579M
Sales/Maturities of Investments	$124M
Other Investing Activities	$476M
NET CASH FROM INVESTING	$21M
Net Debt Issuance	$6M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$13M
Other Financing Activities	$125M
NET CASH FROM FINANCING	$113M
FREE CASH FLOW	$52M
Net Change in Cash	$186M

Balance Sheet

Item	Amount
Cash & Equivalents	$258M
Short-Term Investments	$973M
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$24M
Goodwill	$27M
Intangible Assets	$3M
Long-Term Investments	$2.0B
Tax Assets	$4M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.4B
Account Payables	$0
Short-Term Debt	$107M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$36M
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$3.0B
Common Stock	$113M
Additional Paid-In Capital	$4M
Retained Earnings	$234M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$362M
Minority Interest	$0
TOTAL EQUITY	$362M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$191M
Net Debt	-$66M