ISBA FY 2021 Earnings Report — Isabella Bank Corporation Revenue & Financial Results | Market Cap Arena

Isabella Bank CorporationISBA

FY 2021 Earnings

Reported March 15, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$71M	—	$76M	—	-5.9%
Op. Income	$23M	—	$12M	—	96.7%
Gross Margin	90.3%	—	79.6%	—	10.8pp
Net Margin	27.4%	—	14.4%	—	13.0pp
EPS (Diluted)	$2.45	—	$1.34	—	82.8%
Free Cash Flow	$24M	—	$20M	—	16.7%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$7M
GROSS PROFIT	$64M
R&D Expenses	$0
Selling & Marketing	$939.0K
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$15M
Operating Expenses	$41M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$60M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$3M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$7M
GROSS PROFIT	$64M
R&D Expenses	$0
Selling & Marketing	$939.0K
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$15M
Operating Expenses	$41M
Cost & Expenses	$48M
OPERATING INCOME	$23M
Interest Income	$60M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$3M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$3M
Stock-Based Compensation	$86.0K
Deferred Income Tax	-$523.0K
Other Non-Cash Items	$2M
Change in Working Capital	$1M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$263M
Sales/Maturities of Investments	$100M
Other Investing Activities	-$66M
NET CASH FROM INVESTING	-$230M
Net Debt Issuance	-$41M
Common Stock Repurchased	-$15M
Common Dividends Paid	-$8M
Other Financing Activities	$125M
NET CASH FROM FINANCING	$63M
FREE CASH FLOW	$24M
Net Change in Cash	-$141M

Balance Sheet

Item	Amount
Cash & Equivalents	$105M
Short-Term Investments	$491M
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$616M
PP&E (Net)	$24M
Goodwill	$48M
Intangible Assets	$20.0K
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$2.0B
Account Payables	$11M
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$49M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$1.8B
Common Stock	$129M
Additional Paid-In Capital	$0
Retained Earnings	$76M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$211M
Minority Interest	$0
TOTAL EQUITY	$211M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$99M
Net Debt	-$6M