ISBA FY 2010 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2010 Earnings

Reported March 11, 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	$67M	—	$68M	—	-2.6%
Op. Income	$11M	—	$9M	—	23.2%
Gross Margin	66.8%	—	62.0%	—	4.8pp
Net Margin	13.6%	—	11.4%	—	2.2pp
EPS (Diluted)	$1.17	—	$1.01	—	15.8%
Free Cash Flow	$23M	—	$15M	—	53.3%

Revenue Flow

Item	Amount
REVENUE	$67M
Cost of Revenue	$22M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$11M
Operating Expenses	$34M
Cost & Expenses	$56M
OPERATING INCOME	$11M
Interest Income	$57M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$11M
EBITDA	$14M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$67M
Cost of Revenue	$22M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$11M
Operating Expenses	$34M
Cost & Expenses	$56M
OPERATING INCOME	$11M
Interest Income	$57M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$3M
EBIT	$11M
EBITDA	$14M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$3M
Stock-Based Compensation	$650.0K
Deferred Income Tax	$179.0K
Other Non-Cash Items	$6M
Change in Working Capital	$7M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$157M
Sales/Maturities of Investments	$85M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	$2M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$5M
Other Financing Activities	$75M
NET CASH FROM FINANCING	$71M
FREE CASH FLOW	$23M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$34M
Short-Term Investments	$0
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$39M
PP&E (Net)	$25M
Goodwill	$0
Intangible Assets	$47M
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$877M
TOTAL CURRENT LIABILITIES	$886M
Long-Term Debt	$195M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$195M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$134M
Retained Earnings	$9M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$145M
Minority Interest	$0
TOTAL EQUITY	$145M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$195M
Net Debt	$161M