ISBA FY 2008 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2008 Earnings

Reported March 16, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$69M	—	$64M	—	8.2%
Op. Income	$3M	—	$10M	—	-64.6%
Gross Margin	49.3%	—	57.5%	—	-8.2pp
Net Margin	5.9%	—	12.4%	—	-6.5pp
EPS (Diluted)	$0.53	—	$1.11	—	-52.3%
Free Cash Flow	$18M	—	$57M	—	-68.8%

Revenue Flow

Item	Amount
REVENUE	$69M
Cost of Revenue	$35M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$13M
Operating Expenses	$31M
Cost & Expenses	$66M
OPERATING INCOME	$3M
Interest Income	$61M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3M
Income Tax Expense	-$724.0K
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$3M
EBIT	$3M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$69M
Cost of Revenue	$35M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$13M
Operating Expenses	$31M
Cost & Expenses	$66M
OPERATING INCOME	$3M
Interest Income	$61M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$3M
Income Tax Expense	-$724.0K
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$3M
EBIT	$3M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$3M
Stock-Based Compensation	$603.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$10M
Change in Working Capital	$5M
OPERATING CASH FLOW	$21M
Capital Expenditure	-$3M
Acquisitions (Net)	-$9M
Purchases of Investments	-$96M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$88M
Net Debt Issuance	$123M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$5M
Other Financing Activities	-$48M
NET CASH FROM FINANCING	$66M
FREE CASH FLOW	$18M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$30M
PP&E (Net)	$23M
Goodwill	$0
Intangible Assets	$48M
Long-Term Investments	$962M
Tax Assets	$0
Other Non-Current Assets	$77M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$776M
TOTAL CURRENT LIABILITIES	$782M
Long-Term Debt	$222M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$222M
TOTAL LIABILITIES	$1.0B
Common Stock	$134M
Additional Paid-In Capital	$134M
Retained Earnings	$2M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	-$130M
TOTAL STOCKHOLDERS' EQUITY	$134M
Minority Interest	$0
TOTAL EQUITY	$134M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$222M
Net Debt	$199M