RBCAA FY 2014 Earnings Report — Republic Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Republic Bancorp, Inc.RBCAA

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	$171M	—	$176M	—	-2.8%
Op. Income	$44M	—	$40M	—	9.4%
Gross Margin	86.9%	—	86.2%	—	0.7pp
Net Margin	16.8%	—	14.4%	—	2.4pp
EPS (Diluted)	$1.38	—	$1.22	—	13.1%
Free Cash Flow	$19M	—	$17M	—	9.9%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$22M
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$68M
Other Expenses	$37M
Operating Expenses	$105M
Cost & Expenses	$127M
OPERATING INCOME	$44M
Interest Income	$132M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$16M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$8M
EBIT	$44M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$22M
GROSS PROFIT	$149M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$65M
SG&A Expenses	$68M
Other Expenses	$37M
Operating Expenses	$105M
Cost & Expenses	$127M
OPERATING INCOME	$44M
Interest Income	$132M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$44M
Income Tax Expense	$16M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$8M
EBIT	$44M
EBITDA	$52M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$8M
Stock-Based Compensation	$645.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$5M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$8M
Acquisitions (Net)	$0
Purchases of Investments	-$877M
Sales/Maturities of Investments	$881M
Other Investing Activities	-$467M
NET CASH FROM INVESTING	-$471M
Net Debt Issuance	$103M
Common Stock Repurchased	-$347.0K
Common Dividends Paid	-$15M
Other Financing Activities	$259M
NET CASH FROM FINANCING	$346M
FREE CASH FLOW	$19M
Net Change in Cash	-$98M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$436M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$511M
PP&E (Net)	$33M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$3.1B
Tax Assets	$0
Other Non-Current Assets	$126M
TOTAL NON-CURRENT ASSETS	$3.2B
TOTAL ASSETS	$3.7B
Account Payables	$0
Short-Term Debt	$356M
Deferred Revenue	$0
Other Current Liabilities	$2.1B
TOTAL CURRENT LIABILITIES	$2.4B
Long-Term Debt	$749M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$774M
TOTAL LIABILITIES	$3.2B
Common Stock	$5M
Additional Paid-In Capital	$135M
Retained Earnings	$415M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$559M
Minority Interest	$0
TOTAL EQUITY	$559M
TOTAL LIABILITIES & EQUITY	$3.7B
Total Debt	$1.1B
Net Debt	$1.0B