PGC FY 2014 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2014 Earnings

Reported March 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$94M	—	$75M	—	25.6%
Op. Income	$24M	—	$15M	—	64.5%
Gross Margin	86.7%	—	89.7%	—	-3.1pp
Net Margin	15.8%	—	12.4%	—	3.5pp
EPS (Diluted)	$1.22	—	$1.01	—	20.8%
Free Cash Flow	$23M	—	$30M	—	-22.7%

Revenue Flow

Item	Amount
REVENUE	$94M
Cost of Revenue	$13M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$594.0K
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	$19M
Operating Expenses	$57M
Cost & Expenses	$70M
OPERATING INCOME	$24M
Interest Income	$76M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$3M
EBIT	$24M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$94M
Cost of Revenue	$13M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$594.0K
General & Administrative	$38M
SG&A Expenses	$38M
Other Expenses	$19M
Operating Expenses	$57M
Cost & Expenses	$70M
OPERATING INCOME	$24M
Interest Income	$76M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$3M
EBIT	$24M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$3M
Stock-Based Compensation	$283.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$9M
Change in Working Capital	$2M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$179M
Sales/Maturities of Investments	$116M
Other Investing Activities	-$678M
NET CASH FROM INVESTING	-$745M
Net Debt Issuance	$9M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$700M
NET CASH FROM FINANCING	$714M
FREE CASH FLOW	$23M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$333M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$369M
PP&E (Net)	$32M
Goodwill	$563.0K
Intangible Assets	$0
Long-Term Investments	$2.2B
Tax Assets	$10M
Other Non-Current Assets	$58M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.7B
Account Payables	$0
Short-Term Debt	$55M
Deferred Revenue	$0
Other Current Liabilities	$2.3B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$2.5B
Common Stock	$13M
Additional Paid-In Capital	$196M
Retained Earnings	$41M
Treasury Stock	-$9M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$242M
Minority Interest	$0
TOTAL EQUITY	$242M
TOTAL LIABILITIES & EQUITY	$2.7B
Total Debt	$149M
Net Debt	$118M