PGC FY 2015 Earnings Report — Peapack-Gladstone Financial Corporation Revenue & Financial Results | Market Cap Arena

Peapack-Gladstone Financial CorporationPGC

FY 2015 Earnings

Reported March 15, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$120M	—	$94M	—	28.0%
Op. Income	$32M	—	$24M	—	32.3%
Gross Margin	81.9%	—	86.7%	—	-4.7pp
Net Margin	16.6%	—	15.8%	—	0.8pp
EPS (Diluted)	$1.29	—	$1.22	—	5.7%
Free Cash Flow	$28M	—	$23M	—	21.7%

Revenue Flow

Item	Amount
REVENUE	$120M
Cost of Revenue	$22M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$637.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$88M
OPERATING INCOME	$32M
Interest Income	$99M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$12M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$32M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$120M
Cost of Revenue	$22M
GROSS PROFIT	$99M
R&D Expenses	$0
Selling & Marketing	$637.0K
General & Administrative	$42M
SG&A Expenses	$43M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$88M
OPERATING INCOME	$32M
Interest Income	$99M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$12M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$32M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$319.0K
Deferred Income Tax	-$4M
Other Non-Cash Items	$9M
Change in Working Capital	$936.0K
OPERATING CASH FLOW	$30M
Capital Expenditure	-$2M
Acquisitions (Net)	-$800.0K
Purchases of Investments	-$8M
Sales/Maturities of Investments	$142M
Other Investing Activities	-$757M
NET CASH FROM INVESTING	-$625M
Net Debt Issuance	-$14M
Common Stock Repurchased	-$81.0K
Common Dividends Paid	-$3M
Other Financing Activities	$637M
NET CASH FROM FINANCING	$634M
FREE CASH FLOW	$28M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$70M
Short-Term Investments	$196M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$273M
PP&E (Net)	$30M
Goodwill	$2M
Intangible Assets	$2M
Long-Term Investments	$3.0B
Tax Assets	$16M
Other Non-Current Assets	$72M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.4B
Account Payables	$0
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$2.9B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$94M
TOTAL LIABILITIES	$3.1B
Common Stock	$14M
Additional Paid-In Capital	$213M
Retained Earnings	$58M
Treasury Stock	-$9M
Accum. Other Comp. Income	-$379.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$276M
Minority Interest	$0
TOTAL EQUITY	$276M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$135M
Net Debt	$65M