PGC FY 2006 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2006 Earnings

Reported March 16, 2007

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	$78M	—	—	—	—
Op. Income	$14M	—	—	—	—
Gross Margin	55.0%	—	—	—	—
Net Margin	13.2%	—	—	—	—
EPS (Diluted)	$1.16	—	—	—	—
Free Cash Flow	$18M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$78M
Cost of Revenue	$35M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$13M
Operating Expenses	$29M
Cost & Expenses	$64M
OPERATING INCOME	$14M
Interest Income	$67M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$3M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$78M
Cost of Revenue	$35M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$13M
Operating Expenses	$29M
Cost & Expenses	$64M
OPERATING INCOME	$14M
Interest Income	$67M
Interest Expense	$34M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$3M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$2M
Change in Working Capital	$9M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$92M
Sales/Maturities of Investments	$171M
Other Investing Activities	-$102M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	-$85M
Common Stock Repurchased	$0
Common Dividends Paid	-$5M
Other Financing Activities	$103M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	$18M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$0
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$35M
PP&E (Net)	$24M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$24M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$40M
TOTAL LIABILITIES	$1.2B
Common Stock	$7M
Additional Paid-In Capital	$89M
Retained Earnings	$15M
Treasury Stock	-$5M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$104M
Minority Interest	$0
TOTAL EQUITY	$104M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$24M
Net Debt	-$6M