PGC FY 2012 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2012 Earnings

Reported March 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$76M	—	$70M	—	7.7%
Op. Income	$16M	—	$14M	—	15.2%
Gross Margin	82.9%	—	79.6%	—	3.3pp
Net Margin	12.8%	—	17.3%	—	-4.5pp
EPS (Diluted)	$1.05	—	$1.25	—	-16.0%
Free Cash Flow	$17M	—	$21M	—	-21.8%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$13M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$512.0K
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$17M
Operating Expenses	$47M
Cost & Expenses	$60M
OPERATING INCOME	$16M
Interest Income	$56M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$6M
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	$9M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$13M
GROSS PROFIT	$63M
R&D Expenses	$0
Selling & Marketing	$512.0K
General & Administrative	$29M
SG&A Expenses	$29M
Other Expenses	$17M
Operating Expenses	$47M
Cost & Expenses	$60M
OPERATING INCOME	$16M
Interest Income	$56M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$6M
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	$9M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$3M
Stock-Based Compensation	$336.0K
Deferred Income Tax	$14M
Other Non-Cash Items	$4M
Change in Working Capital	-$13M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$60M
Sales/Maturities of Investments	$184M
Other Investing Activities	-$116M
NET CASH FROM INVESTING	$7M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$72M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$17M
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$119M
Short-Term Investments	$304M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$427M
PP&E (Net)	$30M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$9M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.7B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$1.5B
Common Stock	$8M
Additional Paid-In Capital	$98M
Retained Earnings	$21M
Treasury Stock	-$9M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$122M
Minority Interest	$0
TOTAL EQUITY	$122M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$21M
Net Debt	-$98M