ISBA FY 2018 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2018 Earnings

Reported March 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$73M	—	$67M	—	7.7%
Op. Income	$15M	—	$16M	—	-5.3%
Gross Margin	77.1%	—	81.1%	—	-4.0pp
Net Margin	19.3%	—	19.7%	—	-0.3pp
EPS (Diluted)	$1.74	—	$1.65	—	5.5%
Free Cash Flow	$20M	—	$18M	—	11.5%

Revenue Flow

Item	Amount
REVENUE	$73M
Cost of Revenue	$17M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$596.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$16M
Operating Expenses	$41M
Cost & Expenses	$57M
OPERATING INCOME	$15M
Interest Income	$64M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$1M
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	$15M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$73M
Cost of Revenue	$17M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$596.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$16M
Operating Expenses	$41M
Cost & Expenses	$57M
OPERATING INCOME	$15M
Interest Income	$64M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$1M
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	$15M
EBITDA	$19M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$3M
Stock-Based Compensation	$612.0K
Deferred Income Tax	$275.0K
Other Non-Cash Items	$3M
Change in Working Capital	$608.0K
OPERATING CASH FLOW	$22M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$36M
Sales/Maturities of Investments	$84M
Other Investing Activities	-$39M
NET CASH FROM INVESTING	$7M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$8M
Other Financing Activities	$27M
NET CASH FROM FINANCING	$14M
FREE CASH FLOW	$20M
Net Change in Cash	$43M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$495M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$575M
PP&E (Net)	$28M
Goodwill	$48M
Intangible Assets	$169.0K
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.8B
Account Payables	$14M
Short-Term Debt	$40M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$300M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$300M
TOTAL LIABILITIES	$1.6B
Common Stock	$140M
Additional Paid-In Capital	$140M
Retained Earnings	$57M
Treasury Stock	$0
Accum. Other Comp. Income	-$8M
Other Equity	-$135M
TOTAL STOCKHOLDERS' EQUITY	$196M
Minority Interest	$0
TOTAL EQUITY	$196M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$340M
Net Debt	$267M