ISBA FY 2012 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2012 Earnings

Reported March 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$67M	—	$66M	—	1.9%
Op. Income	$15M	—	$12M	—	26.0%
Gross Margin	76.6%	—	69.6%	—	7.0pp
Net Margin	18.2%	—	15.5%	—	2.7pp
EPS (Diluted)	$1.56	—	$1.31	—	19.1%
Free Cash Flow	$16M	—	$16M	—	-2.8%

Revenue Flow

Item	Amount
REVENUE	$67M
Cost of Revenue	$16M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$26M
Other Expenses	$11M
Operating Expenses	$37M
Cost & Expenses	$53M
OPERATING INCOME	$15M
Interest Income	$56M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$2M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$15M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$67M
Cost of Revenue	$16M
GROSS PROFIT	$52M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$24M
SG&A Expenses	$26M
Other Expenses	$11M
Operating Expenses	$37M
Cost & Expenses	$53M
OPERATING INCOME	$15M
Interest Income	$56M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$2M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$15M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$3M
Stock-Based Compensation	$643.0K
Deferred Income Tax	$616.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$264.0K
OPERATING CASH FLOW	$19M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$207M
Sales/Maturities of Investments	$130M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$102M
Net Debt Issuance	$25M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$6M
Other Financing Activities	$60M
NET CASH FROM FINANCING	$79M
FREE CASH FLOW	$16M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$504M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$539M
PP&E (Net)	$26M
Goodwill	$46M
Intangible Assets	$914.0K
Long-Term Investments	$801M
Tax Assets	$0
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$892M
TOTAL ASSETS	$1.4B
Account Payables	$7M
Short-Term Debt	$89M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$7M
TOTAL NON-CURRENT LIABILITIES	$145M
TOTAL LIABILITIES	$1.3B
Common Stock	$137M
Additional Paid-In Capital	$137M
Retained Earnings	$19M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	-$133M
TOTAL STOCKHOLDERS' EQUITY	$164M
Minority Interest	$0
TOTAL EQUITY	$164M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$241M
Net Debt	$212M