ISBA FY 2009 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2009 Earnings

Reported March 11, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$68M	—	$69M	—	-1.3%
Op. Income	$9M	—	$3M	—	156.0%
Gross Margin	62.0%	—	49.3%	—	12.8pp
Net Margin	11.4%	—	5.9%	—	5.5pp
EPS (Diluted)	$1.01	—	$0.53	—	90.6%
Free Cash Flow	$15M	—	$18M	—	-14.0%

Revenue Flow

Item	Amount
REVENUE	$68M
Cost of Revenue	$26M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$14M
Operating Expenses	$34M
Cost & Expenses	$60M
OPERATING INCOME	$9M
Interest Income	$58M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$846.0K
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	$3M
EBIT	$9M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$68M
Cost of Revenue	$26M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$14M
Operating Expenses	$34M
Cost & Expenses	$60M
OPERATING INCOME	$9M
Interest Income	$58M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$846.0K
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	$3M
EBIT	$9M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$3M
Stock-Based Compensation	$677.0K
Deferred Income Tax	-$641.0K
Other Non-Cash Items	$4M
Change in Working Capital	$3M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$141M
Sales/Maturities of Investments	$131M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$5M
Other Financing Activities	$27M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$15M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$36M
PP&E (Net)	$24M
Goodwill	$0
Intangible Assets	$47M
Long-Term Investments	$990M
Tax Assets	$0
Other Non-Current Assets	$47M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$803M
TOTAL CURRENT LIABILITIES	$810M
Long-Term Debt	$193M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$193M
TOTAL LIABILITIES	$1.0B
Common Stock	$0
Additional Paid-In Capital	$133M
Retained Earnings	$5M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$141M
Minority Interest	$0
TOTAL EQUITY	$141M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$193M
Net Debt	$163M