ISBA FY 2016 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2016 Earnings

Reported March 7, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$62M	—	$60M	—	3.1%
Op. Income	$16M	—	$18M	—	-12.3%
Gross Margin	82.7%	—	87.7%	—	-5.0pp
Net Margin	22.2%	—	25.1%	—	-2.9pp
EPS (Diluted)	$1.73	—	$1.90	—	-8.9%
Free Cash Flow	$16M	—	$7M	—	136.0%

Revenue Flow

Item	Amount
REVENUE	$62M
Cost of Revenue	$11M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$586.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$14M
Operating Expenses	$35M
Cost & Expenses	$46M
OPERATING INCOME	$16M
Interest Income	$54M
Interest Expense	$11M
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	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$62M
Cost of Revenue	$11M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$586.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$14M
Operating Expenses	$35M
Cost & Expenses	$46M
OPERATING INCOME	$16M
Interest Income	$54M
Interest Expense	$11M
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	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$3M
Stock-Based Compensation	$573.0K
Deferred Income Tax	-$282.0K
Other Non-Cash Items	$2M
Change in Working Capital	$694.0K
OPERATING CASH FLOW	$20M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$80M
Sales/Maturities of Investments	$173M
Other Investing Activities	-$159M
NET CASH FROM INVESTING	-$70M
Net Debt Issuance	$28M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$8M
Other Financing Activities	$30M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$16M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$23M
Short-Term Investments	$558M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$588M
PP&E (Net)	$29M
Goodwill	$48M
Intangible Assets	$384.0K
Long-Term Investments	$1.0B
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.7B
Account Payables	$12M
Short-Term Debt	$68M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$270M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$12M
TOTAL NON-CURRENT LIABILITIES	$258M
TOTAL LIABILITIES	$1.5B
Common Stock	$140M
Additional Paid-In Capital	$140M
Retained Earnings	$46M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	-$134M
TOTAL STOCKHOLDERS' EQUITY	$188M
Minority Interest	$0
TOTAL EQUITY	$188M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$338M
Net Debt	$315M