ISBA FY 2019 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2019 Earnings

Reported March 16, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$76M	—	$73M	—	5.3%
Op. Income	$14M	—	$15M	—	-6.4%
Gross Margin	76.6%	—	77.1%	—	-0.5pp
Net Margin	17.1%	—	19.3%	—	-2.3pp
EPS (Diluted)	$1.61	—	$1.74	—	-7.5%
Free Cash Flow	$22M	—	$20M	—	11.8%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$18M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$762.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$19M
Operating Expenses	$44M
Cost & Expenses	$62M
OPERATING INCOME	$14M
Interest Income	$67M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$1M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$14M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$18M
GROSS PROFIT	$58M
R&D Expenses	$0
Selling & Marketing	$762.0K
General & Administrative	$24M
SG&A Expenses	$25M
Other Expenses	$19M
Operating Expenses	$44M
Cost & Expenses	$62M
OPERATING INCOME	$14M
Interest Income	$67M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$1M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$3M
EBIT	$14M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$3M
Stock-Based Compensation	$523.0K
Deferred Income Tax	$408.0K
Other Non-Cash Items	$4M
Change in Working Capital	$2M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$40M
Sales/Maturities of Investments	$115M
Other Investing Activities	-$58M
NET CASH FROM INVESTING	$15M
Net Debt Issuance	-$55M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$8M
Other Financing Activities	$12M
NET CASH FROM FINANCING	-$52M
FREE CASH FLOW	$22M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$61M
Short-Term Investments	$430M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$497M
PP&E (Net)	$26M
Goodwill	$48M
Intangible Assets	$97.0K
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.8B
Account Payables	$13M
Short-Term Debt	$31M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$245M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$245M
TOTAL LIABILITIES	$1.6B
Common Stock	$141M
Additional Paid-In Capital	$0
Retained Earnings	$62M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$210M
Minority Interest	$0
TOTAL EQUITY	$210M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$276M
Net Debt	$215M