NBTB FY 2011 Earnings Report — NBT Bancorp Inc. Revenue & Financial Results | Market Cap Arena

NBT Bancorp Inc.NBTB

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$318M	—	$337M	—	-5.6%
Op. Income	$79M	—	$78M	—	1.1%
Gross Margin	81.0%	—	75.3%	—	5.6pp
Net Margin	18.2%	—	17.1%	—	1.2pp
EPS (Diluted)	$1.71	—	$1.66	—	3.0%
Free Cash Flow	$74M	—	$83M	—	-11.0%

Revenue Flow

Item	Amount
REVENUE	$318M
Cost of Revenue	$60M
GROSS PROFIT	$257M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$122M
SG&A Expenses	$125M
Other Expenses	$53M
Operating Expenses	$178M
Cost & Expenses	$239M
OPERATING INCOME	$79M
Interest Income	$240M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$79M
Income Tax Expense	$21M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$9M
EBIT	$79M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$318M
Cost of Revenue	$60M
GROSS PROFIT	$257M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$122M
SG&A Expenses	$125M
Other Expenses	$53M
Operating Expenses	$178M
Cost & Expenses	$239M
OPERATING INCOME	$79M
Interest Income	$240M
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$79M
Income Tax Expense	$21M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$9M
EBIT	$79M
EBITDA	$88M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$9M
Stock-Based Compensation	$3M
Deferred Income Tax	-$9M
Other Non-Cash Items	$15M
Change in Working Capital	$8M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$10M
Acquisitions (Net)	$81M
Purchases of Investments	-$669M
Sales/Maturities of Investments	$591M
Other Investing Activities	-$169M
NET CASH FROM INVESTING	-$175M
Net Debt Issuance	$20M
Common Stock Repurchased	-$31M
Common Dividends Paid	-$27M
Other Financing Activities	$90M
NET CASH FROM FINANCING	$52M
FREE CASH FLOW	$74M
Net Change in Cash	-$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$1.2B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$75M
Goodwill	$132M
Intangible Assets	$18M
Long-Term Investments	$3.8B
Tax Assets	$0
Other Non-Current Assets	$200M
TOTAL NON-CURRENT ASSETS	$4.2B
TOTAL ASSETS	$5.6B
Account Payables	$0
Short-Term Debt	$182M
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$446M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$66M
TOTAL NON-CURRENT LIABILITIES	$512M
TOTAL LIABILITIES	$5.1B
Common Stock	$380.0K
Additional Paid-In Capital	$317M
Retained Earnings	$330M
Treasury Stock	-$103M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$538M
Minority Interest	$0
TOTAL EQUITY	$538M
TOTAL LIABILITIES & EQUITY	$5.6B
Total Debt	$627M
Net Debt	$498M