PGC FY 2011 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2011 Earnings

Reported March 15, 2012

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	$70M	—	$74M	—	-4.6%
Op. Income	$14M	—	$11M	—	28.3%
Gross Margin	79.6%	—	71.5%	—	8.1pp
Net Margin	17.3%	—	10.4%	—	6.9pp
EPS (Diluted)	$1.25	—	$0.68	—	83.8%
Free Cash Flow	$21M	—	$19M	—	13.1%

Revenue Flow

Item	Amount
REVENUE	$70M
Cost of Revenue	$14M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$697.0K
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$56M
OPERATING INCOME	$14M
Interest Income	$56M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
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	$3M
EBIT	$14M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$70M
Cost of Revenue	$14M
GROSS PROFIT	$56M
R&D Expenses	$0
Selling & Marketing	$697.0K
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$56M
OPERATING INCOME	$14M
Interest Income	$56M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$2M
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	$3M
EBIT	$14M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$3M
Stock-Based Compensation	$362.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$7M
Change in Working Capital	$2M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$975.0K
Acquisitions (Net)	$0
Purchases of Investments	-$292M
Sales/Maturities of Investments	$282M
Other Investing Activities	-$108M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$92M
NET CASH FROM FINANCING	$76M
FREE CASH FLOW	$21M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$43M
Short-Term Investments	$320M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$367M
PP&E (Net)	$32M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$27M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$18M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$1.5B
Common Stock	$8M
Additional Paid-In Capital	$96M
Retained Earnings	$14M
Treasury Stock	-$9M
Accum. Other Comp. Income	$104.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$123M
Minority Interest	$0
TOTAL EQUITY	$123M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$27M
Net Debt	-$16M