ISBA FY 2015 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2015 Earnings

Reported March 14, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$60M	—	$60M	—	0.5%
Op. Income	$18M	—	$16M	—	14.6%
Gross Margin	87.7%	—	84.5%	—	3.2pp
Net Margin	25.1%	—	22.9%	—	2.2pp
EPS (Diluted)	$1.90	—	$1.74	—	9.2%
Free Cash Flow	$7M	—	$15M	—	-53.1%

Revenue Flow

Item	Amount
REVENUE	$60M
Cost of Revenue	$7M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$497.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$12M
Operating Expenses	$34M
Cost & Expenses	$42M
OPERATING INCOME	$18M
Interest Income	$52M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$3M
EBIT	$18M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$60M
Cost of Revenue	$7M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$497.0K
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$12M
Operating Expenses	$34M
Cost & Expenses	$42M
OPERATING INCOME	$18M
Interest Income	$52M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$3M
EBIT	$18M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$3M
Stock-Based Compensation	$550.0K
Deferred Income Tax	$2M
Other Non-Cash Items	-$2M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$12M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$186M
Sales/Maturities of Investments	$91M
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$113M
Net Debt Issuance	$20M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$7M
Other Financing Activities	$90M
NET CASH FROM FINANCING	$103M
FREE CASH FLOW	$7M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$660M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$688M
PP&E (Net)	$28M
Goodwill	$48M
Intangible Assets	$546.0K
Long-Term Investments	$867M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$980M
TOTAL ASSETS	$1.7B
Account Payables	$10M
Short-Term Debt	$75M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$235M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$10M
TOTAL NON-CURRENT LIABILITIES	$225M
TOTAL LIABILITIES	$1.5B
Common Stock	$139M
Additional Paid-In Capital	$139M
Retained Earnings	$40M
Treasury Stock	$0
Accum. Other Comp. Income	$221.0K
Other Equity	-$135M
TOTAL STOCKHOLDERS' EQUITY	$184M
Minority Interest	$0
TOTAL EQUITY	$184M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$310M
Net Debt	$288M