COLB FY 2010 Earnings Report — Columbia Banking System, Inc. Revenue & Financial Results | Market Cap Arena

Columbia Banking System, Inc.COLB

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$552M	—	$497M	—	11.0%
Op. Income	$34M	—	-$194M	—	117.6%
Gross Margin	61.5%	—	37.2%	—	24.3pp
Net Margin	5.1%	—	-30.8%	—	36.0pp
EPS (Diluted)	$0.15	—	$-2.36	—	106.4%
Free Cash Flow	$151M	—	$82M	—	84.3%

Revenue Flow

Item	Amount
REVENUE	$552M
Cost of Revenue	$213M
GROSS PROFIT	$340M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$215M
SG&A Expenses	$221M
Other Expenses	$84M
Operating Expenses	$305M
Cost & Expenses	$518M
OPERATING INCOME	$34M
Interest Income	$489M
Interest Expense	$94M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$6M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$9M
EBIT	$34M
EBITDA	$43M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$552M
Cost of Revenue	$213M
GROSS PROFIT	$340M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$215M
SG&A Expenses	$221M
Other Expenses	$84M
Operating Expenses	$305M
Cost & Expenses	$518M
OPERATING INCOME	$34M
Interest Income	$489M
Interest Expense	$94M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$6M
Net Income from Continuing Ops	$28M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$28M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$9M
EBIT	$34M
EBITDA	$43M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$28M
Depreciation & Amortization	$9M
Stock-Based Compensation	$4M
Deferred Income Tax	$4M
Other Non-Cash Items	$98M
Change in Working Capital	$55M
OPERATING CASH FLOW	$199M
Capital Expenditure	-$48M
Acquisitions (Net)	$179M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$410M
Other Investing Activities	$400M
NET CASH FROM INVESTING	-$556M
Net Debt Issuance	-$166M
Common Stock Repurchased	-$219M
Common Dividends Paid	-$21M
Other Financing Activities	$877M
NET CASH FROM FINANCING	$756M
FREE CASH FLOW	$151M
Net Change in Cash	$399M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.0B
Short-Term Investments	$0
Net Receivables	$11M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.0B
PP&E (Net)	$137M
Goodwill	$0
Intangible Assets	$696M
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$6.7B
TOTAL NON-CURRENT ASSETS	$10.7B
TOTAL ASSETS	$11.7B
Account Payables	$0
Short-Term Debt	$74M
Deferred Revenue	$0
Other Current Liabilities	$9.4B
TOTAL CURRENT LIABILITIES	$9.5B
Long-Term Debt	$446M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$72M
TOTAL NON-CURRENT LIABILITIES	$519M
TOTAL LIABILITIES	$10.0B
Common Stock	$0
Additional Paid-In Capital	$1.5B
Retained Earnings	$77M
Treasury Stock	$0
Accum. Other Comp. Income	$25M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$11.7B
Total Debt	$520M
Net Debt	-$484M