ISBA FY 2007 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2007 Earnings

Reported March 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$64M	—	$30M	—	116.6%
Op. Income	$10M	—	$9M	—	6.9%
Gross Margin	57.5%	—	30.8%	—	26.7pp
Net Margin	12.4%	—	23.7%	—	-11.3pp
EPS (Diluted)	$1.11	—	$0.98	—	13.3%
Free Cash Flow	$57M	—	-$4M	—	1431.4%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$27M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$12M
Operating Expenses	$27M
Cost & Expenses	$54M
OPERATING INCOME	$10M
Interest Income	$54M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$10M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$27M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$12M
Operating Expenses	$27M
Cost & Expenses	$54M
OPERATING INCOME	$10M
Interest Income	$54M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$2M
EBIT	$10M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$758.0K
Deferred Income Tax	$301.0K
Other Non-Cash Items	$729.0K
Change in Working Capital	$48M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$132M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$24M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	$34M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$4M
Other Financing Activities	$8M
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$57M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$32M
PP&E (Net)	$23M
Goodwill	$0
Intangible Assets	$27M
Long-Term Investments	$828M
Tax Assets	$0
Other Non-Current Assets	$48M
TOTAL NON-CURRENT ASSETS	$926M
TOTAL ASSETS	$957M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$733M
TOTAL CURRENT LIABILITIES	$741M
Long-Term Debt	$93M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$93M
TOTAL LIABILITIES	$834M
Common Stock	$113M
Additional Paid-In Capital	$0
Retained Earnings	$7M
Treasury Stock	$0
Accum. Other Comp. Income	-$266.0K
Other Equity	$4M
TOTAL STOCKHOLDERS' EQUITY	$123M
Minority Interest	$0
TOTAL EQUITY	$123M
TOTAL LIABILITIES & EQUITY	$957M
Total Debt	$93M
Net Debt	$67M