PFBC FY 2006 Earnings Report — Preferred Bank Revenue & Financial Results | Market Cap Arena

Preferred BankPFBC

FY 2006 Earnings

Reported December 30, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$93M	—	—	—	—
Op. Income	$40M	—	—	—	—
Gross Margin	64.2%	—	—	—	—
Net Margin	25.0%	—	—	—	—
EPS (Diluted)	$11.05	—	—	—	—
Free Cash Flow	$27M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$93M
Cost of Revenue	$33M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$451.0K
General & Administrative	$12M
SG&A Expenses	$13M
Other Expenses	$7M
Operating Expenses	$20M
Cost & Expenses	$53M
OPERATING INCOME	$40M
Interest Income	$90M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$17M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$315.0K
EBIT	$40M
EBITDA	$40M
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$93M
Cost of Revenue	$33M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$451.0K
General & Administrative	$12M
SG&A Expenses	$13M
Other Expenses	$7M
Operating Expenses	$20M
Cost & Expenses	$53M
OPERATING INCOME	$40M
Interest Income	$90M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$17M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$315.0K
EBIT	$40M
EBITDA	$40M
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$315.0K
Stock-Based Compensation	$0
Deferred Income Tax	-$1M
Other Non-Cash Items	$3M
Change in Working Capital	$2M
OPERATING CASH FLOW	$28M
Capital Expenditure	-$444.0K
Acquisitions (Net)	$0
Purchases of Investments	-$155M
Sales/Maturities of Investments	$121M
Other Investing Activities	-$226M
NET CASH FROM INVESTING	-$261M
Net Debt Issuance	-$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$185M
NET CASH FROM FINANCING	$181M
FREE CASH FLOW	$27M
Net Change in Cash	-$53M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$36M
PP&E (Net)	$2M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$128M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.3B
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$20M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$1.2B
Common Stock	$70M
Additional Paid-In Capital	$2M
Retained Earnings	$75M
Treasury Stock	$0
Accum. Other Comp. Income	-$447.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$146M
Minority Interest	$0
TOTAL EQUITY	$146M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$20M
Net Debt	-$7M