OSBC FY 2013 Earnings Report — Old Second Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Old Second Bancorp, Inc.OSBC

FY 2013 Earnings

Reported February 26, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$99M	—	$111M	—	-10.8%
Op. Income	$12M	—	-$72.0K	—	16548.6%
Gross Margin	94.7%	—	80.1%	—	14.6pp
Net Margin	83.1%	—	-0.1%	—	83.2pp
EPS (Diluted)	$5.45	—	$-0.36	—	1613.9%
Free Cash Flow	$33M	—	$42M	—	-20.8%

Revenue Flow

Item	Amount
REVENUE	$99M
Cost of Revenue	$5M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$37M
Operating Expenses	$82M
Cost & Expenses	$87M
OPERATING INCOME	$12M
Interest Income	$69M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	-$70M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$5M
EBIT	$12M
EBITDA	$17M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$99M
Cost of Revenue	$5M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$37M
Operating Expenses	$82M
Cost & Expenses	$87M
OPERATING INCOME	$12M
Interest Income	$69M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	-$70M
Net Income from Continuing Ops	$82M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$82M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$77M
D&A	$5M
EBIT	$12M
EBITDA	$17M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$82M
Depreciation & Amortization	$5M
Stock-Based Compensation	-$445.0K
Deferred Income Tax	-$70M
Other Non-Cash Items	$3M
Change in Working Capital	$16M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$630M
Sales/Maturities of Investments	$576M
Other Investing Activities	$66M
NET CASH FROM INVESTING	$10M
Net Debt Issuance	-$95M
Common Stock Repurchased	-$278.0K
Common Dividends Paid	$0
Other Financing Activities	-$30M
NET CASH FROM FINANCING	-$126M
FREE CASH FLOW	$33M
Net Change in Cash	-$81M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$372M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$420M
PP&E (Net)	$46M
Goodwill	$0
Intangible Assets	$7M
Long-Term Investments	$1.3B
Tax Assets	$75M
Other Non-Current Assets	$122M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.0B
Account Payables	$0
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.7B
Long-Term Debt	$104M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$43M
TOTAL NON-CURRENT LIABILITIES	$147M
TOTAL LIABILITIES	$1.9B
Common Stock	$19M
Additional Paid-In Capital	$66M
Retained Earnings	$93M
Treasury Stock	-$96M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$148M
Minority Interest	$0
TOTAL EQUITY	$148M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$131M
Net Debt	$84M