ISBA FY 2020 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2020 Earnings

Reported March 10, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$76M	—	$76M	—	-0.8%
Op. Income	$12M	—	$14M	—	-17.6%
Gross Margin	79.6%	—	76.6%	—	3.0pp
Net Margin	14.4%	—	17.1%	—	-2.7pp
EPS (Diluted)	$1.34	—	$1.61	—	-16.8%
Free Cash Flow	$20M	—	$22M	—	-6.8%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$15M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$877.0K
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$22M
Operating Expenses	$48M
Cost & Expenses	$64M
OPERATING INCOME	$12M
Interest Income	$64M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$987.0K
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$15M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$877.0K
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$22M
Operating Expenses	$48M
Cost & Expenses	$64M
OPERATING INCOME	$12M
Interest Income	$64M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$987.0K
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$12M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$3M
Stock-Based Compensation	$14.0K
Deferred Income Tax	-$276.0K
Other Non-Cash Items	$9M
Change in Working Capital	-$423.0K
OPERATING CASH FLOW	$22M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$29M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	$45M
Net Debt Issuance	-$163M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$9M
Other Financing Activities	$290M
NET CASH FROM FINANCING	$119M
FREE CASH FLOW	$20M
Net Change in Cash	$186M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$339M
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$607M
PP&E (Net)	$25M
Goodwill	$48M
Intangible Assets	$49.0K
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$14M
Short-Term Debt	$69M
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$90M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$90M
TOTAL LIABILITIES	$1.7B
Common Stock	$142M
Additional Paid-In Capital	$0
Retained Earnings	$64M
Treasury Stock	$0
Accum. Other Comp. Income	$8M
Other Equity	$4M
TOTAL STOCKHOLDERS' EQUITY	$219M
Minority Interest	$0
TOTAL EQUITY	$219M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$159M
Net Debt	-$88M