RBCAA FY 2009 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2009 Earnings

Reported March 11, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$276M	—	$264M	—	4.4%
Op. Income	$66M	—	$52M	—	27.2%
Gross Margin	70.0%	—	66.5%	—	3.6pp
Net Margin	15.3%	—	12.7%	—	2.5pp
EPS (Diluted)	$2.02	—	$1.62	—	24.7%
Free Cash Flow	$68M	—	$50M	—	37.5%

Revenue Flow

Item	Amount
REVENUE	$276M
Cost of Revenue	$83M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$70M
SG&A Expenses	$83M
Other Expenses	$44M
Operating Expenses	$127M
Cost & Expenses	$210M
OPERATING INCOME	$66M
Interest Income	$213M
Interest Expense	$49M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$24M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$11M
EBIT	$66M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$276M
Cost of Revenue	$83M
GROSS PROFIT	$193M
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$70M
SG&A Expenses	$83M
Other Expenses	$44M
Operating Expenses	$127M
Cost & Expenses	$210M
OPERATING INCOME	$66M
Interest Income	$213M
Interest Expense	$49M
Other Income/Expenses	$0
INCOME BEFORE TAX	$66M
Income Tax Expense	$24M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$11M
EBIT	$66M
EBITDA	$77M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$11M
Stock-Based Compensation	$723.0K
Deferred Income Tax	$0
Other Non-Cash Items	$47M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$72M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$635M
Sales/Maturities of Investments	$1.1B
Other Investing Activities	$9M
NET CASH FROM INVESTING	$447M
Net Debt Issuance	$122M
Common Stock Repurchased	-$868.0K
Common Dividends Paid	-$10M
Other Financing Activities	-$178M
NET CASH FROM FINANCING	-$67M
FREE CASH FLOW	$68M
Net Change in Cash	$452M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$0
Net Receivables	$57M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$39M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.9B
Account Payables	$22M
Short-Term Debt	$300M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$679M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$679M
TOTAL LIABILITIES	$3.6B
Common Stock	$0
Additional Paid-In Capital	$131M
Retained Earnings	$179M
Treasury Stock	$0
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$316M
Minority Interest	$0
TOTAL EQUITY	$316M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$978M
Net Debt	-$90M