ISBA FY 2011 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2011 Earnings

Reported March 12, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$66M	—	$67M	—	-0.8%
Op. Income	$12M	—	$11M	—	8.6%
Gross Margin	69.6%	—	66.8%	—	2.8pp
Net Margin	15.5%	—	13.6%	—	1.9pp
EPS (Diluted)	$1.31	—	$1.17	—	12.0%
Free Cash Flow	$16M	—	$23M	—	-29.8%

Revenue Flow

Item	Amount
REVENUE	$66M
Cost of Revenue	$20M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$11M
Operating Expenses	$34M
Cost & Expenses	$54M
OPERATING INCOME	$12M
Interest Income	$58M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$1M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$4M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$66M
Cost of Revenue	$20M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$11M
Operating Expenses	$34M
Cost & Expenses	$54M
OPERATING INCOME	$12M
Interest Income	$58M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$1M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$4M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$4M
Stock-Based Compensation	$615.0K
Deferred Income Tax	$389.0K
Other Non-Cash Items	$3M
Change in Working Capital	$1M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$165M
Sales/Maturities of Investments	$78M
Other Investing Activities	-$16M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	$21M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$6M
Other Financing Activities	$81M
NET CASH FROM FINANCING	$97M
FREE CASH FLOW	$16M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$425M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$468M
PP&E (Net)	$25M
Goodwill	$46M
Intangible Assets	$1M
Long-Term Investments	$775M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$869M
TOTAL ASSETS	$1.3B
Account Payables	$9M
Short-Term Debt	$74M
Deferred Revenue	$0
Other Current Liabilities	$958M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$142M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$142M
TOTAL LIABILITIES	$1.2B
Common Stock	$135M
Additional Paid-In Capital	$135M
Retained Earnings	$13M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	-$130M
TOTAL STOCKHOLDERS' EQUITY	$155M
Minority Interest	$0
TOTAL EQUITY	$155M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$216M
Net Debt	$179M