RBCAA FY 2013 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

FY 2013 Earnings

Reported March 14, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$176M	—	$289M	—	-38.9%
Op. Income	$40M	—	$184M	—	-78.0%
Gross Margin	86.2%	—	86.9%	—	-0.7pp
Net Margin	14.4%	—	41.3%	—	-26.9pp
EPS (Diluted)	$1.22	—	$5.69	—	-78.6%
Free Cash Flow	$17M	—	$82M	—	-79.1%

Revenue Flow

Item	Amount
REVENUE	$176M
Cost of Revenue	$24M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$68M
SG&A Expenses	$71M
Other Expenses	$40M
Operating Expenses	$112M
Cost & Expenses	$136M
OPERATING INCOME	$40M
Interest Income	$135M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$15M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$8M
EBIT	$40M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$176M
Cost of Revenue	$24M
GROSS PROFIT	$152M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$68M
SG&A Expenses	$71M
Other Expenses	$40M
Operating Expenses	$112M
Cost & Expenses	$136M
OPERATING INCOME	$40M
Interest Income	$135M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$15M
Net Income from Continuing Ops	$25M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$8M
EBIT	$40M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$8M
Stock-Based Compensation	$696.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$210M
Sales/Maturities of Investments	$206M
Other Investing Activities	$52M
NET CASH FROM INVESTING	$44M
Net Debt Issuance	$62M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$14M
Other Financing Activities	-$77M
NET CASH FROM FINANCING	-$33M
FREE CASH FLOW	$17M
Net Change in Cash	$33M

Balance Sheet

Item	Amount
Cash & Equivalents	$171M
Short-Term Investments	$433M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$604M
PP&E (Net)	$33M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$2.6B
Tax Assets	$0
Other Non-Current Assets	$104M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.4B
Account Payables	$0
Short-Term Debt	$166M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$646M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$26M
TOTAL NON-CURRENT LIABILITIES	$673M
TOTAL LIABILITIES	$2.8B
Common Stock	$5M
Additional Paid-In Capital	$133M
Retained Earnings	$402M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$543M
Minority Interest	$0
TOTAL EQUITY	$543M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$812M
Net Debt	$641M