QCRH FY 2014 Earnings Report — QCR Holdings, Inc. Revenue & Financial Results | Market Cap Arena

QCR Holdings, Inc.QCRH

FY 2014 Earnings

Reported March 12, 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	$105M	—	$101M	—	3.9%
Op. Income	$18M	—	$20M	—	-8.0%
Gross Margin	77.4%	—	76.5%	—	0.9pp
Net Margin	14.3%	—	14.8%	—	-0.5pp
EPS (Diluted)	$1.72	—	$2.08	—	-17.3%
Free Cash Flow	$24M	—	$30M	—	-20.4%

Revenue Flow

Item	Amount
REVENUE	$105M
Cost of Revenue	$24M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$45M
Other Expenses	$18M
Operating Expenses	$63M
Cost & Expenses	$87M
OPERATING INCOME	$18M
Interest Income	$86M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
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	$14M
D&A	$3M
EBIT	$18M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$105M
Cost of Revenue	$24M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$43M
SG&A Expenses	$45M
Other Expenses	$18M
Operating Expenses	$63M
Cost & Expenses	$87M
OPERATING INCOME	$18M
Interest Income	$86M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$3M
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	$14M
D&A	$3M
EBIT	$18M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$3M
Stock-Based Compensation	$891.6K
Deferred Income Tax	-$1M
Other Non-Cash Items	$10M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$26M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$78M
Sales/Maturities of Investments	$137M
Other Investing Activities	-$187M
NET CASH FROM INVESTING	-$130M
Net Debt Issuance	$99M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$33M
NET CASH FROM FINANCING	$101M
FREE CASH FLOW	$24M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$74M
Short-Term Investments	$452M
Net Receivables	$166M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$691M
PP&E (Net)	$36M
Goodwill	$3M
Intangible Assets	$2M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$152M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.5B
Account Payables	$0
Short-Term Debt	$398M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$264M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$303M
TOTAL LIABILITIES	$2.4B
Common Stock	$8M
Additional Paid-In Capital	$62M
Retained Earnings	$78M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$144M
Minority Interest	$0
TOTAL EQUITY	$144M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$663M
Net Debt	$589M