PCB FY 2014 Earnings Report — PCB Bancorp Revenue & Financial Results | Market Cap Arena

FY 2014 Earnings

Reported December 31, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$49M	—	$42M	—	16.7%
Op. Income	$20M	—	$16M	—	28.7%
Gross Margin	91.9%	—	87.7%	—	4.2pp
Net Margin	24.2%	—	51.2%	—	-26.9pp
EPS (Diluted)	$1.03	—	$1.83	—	-43.7%
Free Cash Flow	$17M	—	$26M	—	-33.8%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$4M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$7M
Operating Expenses	$24M
Cost & Expenses	$28M
OPERATING INCOME	$20M
Interest Income	$37M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$9M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$1M
EBIT	$20M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$4M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$7M
Operating Expenses	$24M
Cost & Expenses	$28M
OPERATING INCOME	$20M
Interest Income	$37M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$9M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$1M
EBIT	$20M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$1M
Stock-Based Compensation	$182.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$540.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$647.0K
Acquisitions (Net)	$0
Purchases of Investments	-$19M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$150M
NET CASH FROM INVESTING	-$146M
Net Debt Issuance	-$853.0K
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$129M
NET CASH FROM FINANCING	$124M
FREE CASH FLOW	$17M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$68M
Short-Term Investments	$50M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$121M
PP&E (Net)	$2M
Goodwill	$0
Intangible Assets	$7M
Long-Term Investments	$754M
Tax Assets	$7M
Other Non-Current Assets	$11M
TOTAL NON-CURRENT ASSETS	$773M
TOTAL ASSETS	$894M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$803M
TOTAL CURRENT LIABILITIES	$808M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$808M
Common Stock	$84M
Additional Paid-In Capital	$2M
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	-$224.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$86M
Minority Interest	$0
TOTAL EQUITY	$86M
TOTAL LIABILITIES & EQUITY	$894M
Total Debt	$0
Net Debt	-$68M