DCOM FY 2013 Earnings Report — Dime Community Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Dime Community Bancshares, Inc.DCOM

FY 2013 Earnings

Reported March 14, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$183M	—	$206M	—	-11.2%
Op. Income	$73M	—	$67M	—	8.5%
Gross Margin	74.1%	—	56.3%	—	17.8pp
Net Margin	23.8%	—	19.6%	—	4.2pp
EPS (Diluted)	$1.23	—	$1.17	—	5.1%
Free Cash Flow	$59M	—	$68M	—	-13.3%

Revenue Flow

Item	Amount
REVENUE	$183M
Cost of Revenue	$47M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$44M
SG&A Expenses	$45M
Other Expenses	$18M
Operating Expenses	$63M
Cost & Expenses	$110M
OPERATING INCOME	$73M
Interest Income	$175M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$29M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$3M
EBIT	$73M
EBITDA	$76M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$183M
Cost of Revenue	$47M
GROSS PROFIT	$136M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$44M
SG&A Expenses	$45M
Other Expenses	$18M
Operating Expenses	$63M
Cost & Expenses	$110M
OPERATING INCOME	$73M
Interest Income	$175M
Interest Expense	$47M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$29M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$3M
EBIT	$73M
EBITDA	$76M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$3M
Stock-Based Compensation	$3M
Deferred Income Tax	-$940.0K
Other Non-Cash Items	$158.0K
Change in Working Capital	$12M
OPERATING CASH FLOW	$61M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$2M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$180M
NET CASH FROM INVESTING	-$168M
Net Debt Issuance	$68M
Common Stock Repurchased	-$291.0K
Common Dividends Paid	-$20M
Other Financing Activities	-$20M
NET CASH FROM FINANCING	$74M
FREE CASH FLOW	$59M
Net Change in Cash	-$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$50M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$96M
PP&E (Net)	$26M
Goodwill	$56M
Intangible Assets	$0
Long-Term Investments	$3.7B
Tax Assets	$0
Other Non-Current Assets	$162M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.0B
Account Payables	$0
Short-Term Debt	$133M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$910M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$176M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$3.6B
Common Stock	$528.0K
Additional Paid-In Capital	$252M
Retained Earnings	$403M
Treasury Stock	-$201M
Accum. Other Comp. Income	-$5M
Other Equity	-$15M
TOTAL STOCKHOLDERS' EQUITY	$436M
Minority Interest	$0
TOTAL EQUITY	$436M
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$910M
Net Debt	$864M