SBCF FY 2006 Earnings Report — Seacoast Banking Corporation of Florida Revenue & Financial Results | Market Cap Arena

Seacoast Banking Corporation of FloridaSBCF

FY 2006 Earnings

Reported March 14, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$164M	—	—	—	—
Op. Income	$37M	—	—	—	—
Gross Margin	67.0%	—	—	—	—
Net Margin	14.6%	—	—	—	—
EPS (Diluted)	$6.40	—	—	—	—
Free Cash Flow	$12M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$164M
Cost of Revenue	$54M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$37M
Operating Expenses	$73M
Cost & Expenses	$127M
OPERATING INCOME	$37M
Interest Income	$140M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$13M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$3M
EBIT	$37M
EBITDA	$40M
EPS	$7
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$164M
Cost of Revenue	$54M
GROSS PROFIT	$110M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$36M
SG&A Expenses	$36M
Other Expenses	$37M
Operating Expenses	$73M
Cost & Expenses	$127M
OPERATING INCOME	$37M
Interest Income	$140M
Interest Expense	$51M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$13M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$3M
EBIT	$37M
EBITDA	$40M
EPS	$7
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	-$1M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$19M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$94M
Sales/Maturities of Investments	$264M
Other Investing Activities	-$191M
NET CASH FROM INVESTING	-$28M
Net Debt Issuance	$85M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	-$192M
NET CASH FROM FINANCING	-$119M
FREE CASH FLOW	$12M
Net Change in Cash	-$128M

Balance Sheet

Item	Amount
Cash & Equivalents	$90M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$90M
PP&E (Net)	$37M
Goodwill	$49M
Intangible Assets	$8M
Long-Term Investments	$2.2B
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.4B
Account Payables	$0
Short-Term Debt	$206M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$68M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$80M
TOTAL LIABILITIES	$2.2B
Common Stock	$2M
Additional Paid-In Capital	$88M
Retained Earnings	$125M
Treasury Stock	-$310.0K
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$212M
Minority Interest	$0
TOTAL EQUITY	$212M
TOTAL LIABILITIES & EQUITY	$2.4B
Total Debt	$274M
Net Debt	$184M