PFBC FY 2011 Earnings Report — Preferred Bank Revenue & Financial Results | Market Cap Arena

Preferred BankPFBC

FY 2011 Earnings

Reported December 30, 2011

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	$48M	—	$42M	—	14.9%
Op. Income	$7M	—	-$18M	—	141.0%
Gross Margin	66.8%	—	25.3%	—	41.5pp
Net Margin	25.4%	—	-40.0%	—	65.4pp
EPS (Diluted)	$0.93	—	$-6.21	—	115.0%
Free Cash Flow	$25M	—	$46M	—	-45.8%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$16M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$335.0K
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$13M
Operating Expenses	$25M
Cost & Expenses	$41M
OPERATING INCOME	$7M
Interest Income	$54M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	-$5M
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	$12M
D&A	$738.0K
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$16M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$335.0K
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$13M
Operating Expenses	$25M
Cost & Expenses	$41M
OPERATING INCOME	$7M
Interest Income	$54M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	-$5M
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	$12M
D&A	$738.0K
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$738.0K
Stock-Based Compensation	$1M
Deferred Income Tax	-$7M
Other Non-Cash Items	$14M
Change in Working Capital	$4M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$109.0K
Acquisitions (Net)	$0
Purchases of Investments	-$40M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$45M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$37M
NET CASH FROM FINANCING	$37M
FREE CASH FLOW	$25M
Net Change in Cash	$34M

Balance Sheet

Item	Amount
Cash & Equivalents	$142M
Short-Term Investments	$166M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$313M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$932M
Tax Assets	$7M
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$996M
TOTAL ASSETS	$1.3B
Account Payables	$1M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$26M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$33M
TOTAL LIABILITIES	$1.2B
Common Stock	$163M
Additional Paid-In Capital	$23M
Retained Earnings	-$6M
Treasury Stock	-$19M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$158M
Minority Interest	$0
TOTAL EQUITY	$158M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$26M
Net Debt	-$116M