ISBA FY 2014 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2014 Earnings

Reported March 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$60M	—	$60M	—	0.0%
Op. Income	$16M	—	$15M	—	9.3%
Gross Margin	84.5%	—	79.8%	—	4.7pp
Net Margin	22.9%	—	20.8%	—	2.0pp
EPS (Diluted)	$1.74	—	$1.59	—	9.4%
Free Cash Flow	$15M	—	$21M	—	-29.7%

Revenue Flow

Item	Amount
REVENUE	$60M
Cost of Revenue	$9M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$427.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$13M
Operating Expenses	$35M
Cost & Expenses	$44M
OPERATING INCOME	$16M
Interest Income	$51M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$2M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$60M
Cost of Revenue	$9M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$427.0K
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$13M
Operating Expenses	$35M
Cost & Expenses	$44M
OPERATING INCOME	$16M
Interest Income	$51M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$2M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$3M
Stock-Based Compensation	$495.0K
Deferred Income Tax	$207.0K
Other Non-Cash Items	$645.0K
Change in Working Capital	-$503.0K
OPERATING CASH FLOW	$18M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$128M
Sales/Maturities of Investments	$82M
Other Investing Activities	-$26M
NET CASH FROM INVESTING	-$75M
Net Debt Issuance	$10M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$7M
Other Financing Activities	$31M
NET CASH FROM FINANCING	$35M
FREE CASH FLOW	$15M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$20M
Short-Term Investments	$568M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$593M
PP&E (Net)	$26M
Goodwill	$46M
Intangible Assets	$510.0K
Long-Term Investments	$847M
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$957M
TOTAL ASSETS	$1.5B
Account Payables	$11M
Short-Term Debt	$98M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$192M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$11M
TOTAL NON-CURRENT LIABILITIES	$181M
TOTAL LIABILITIES	$1.4B
Common Stock	$139M
Additional Paid-In Capital	$139M
Retained Earnings	$32M
Treasury Stock	$0
Accum. Other Comp. Income	-$506.0K
Other Equity	-$135M
TOTAL STOCKHOLDERS' EQUITY	$175M
Minority Interest	$0
TOTAL EQUITY	$175M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$290M
Net Debt	$270M