SRCE FY 2006 Earnings Report — 1st Source Corporation Revenue & Financial Results | Market Cap Arena

1st Source CorporationSRCE

FY 2006 Earnings

Reported February 23, 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	$286M	—	—	—	—
Op. Income	$60M	—	—	—	—
Gross Margin	65.0%	—	—	—	—
Net Margin	13.8%	—	—	—	—
EPS (Diluted)	$1.56	—	—	—	—
Free Cash Flow	$79M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$286M
Cost of Revenue	$100M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$60M
Operating Expenses	$126M
Cost & Expenses	$226M
OPERATING INCOME	$60M
Interest Income	$209M
Interest Expense	$103M
Other Income/Expenses	$0
INCOME BEFORE TAX	$60M
Income Tax Expense	$20M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$24M
EBIT	$60M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$286M
Cost of Revenue	$100M
GROSS PROFIT	$186M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$67M
SG&A Expenses	$67M
Other Expenses	$60M
Operating Expenses	$126M
Cost & Expenses	$226M
OPERATING INCOME	$60M
Interest Income	$209M
Interest Expense	$103M
Other Income/Expenses	$0
INCOME BEFORE TAX	$60M
Income Tax Expense	$20M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$24M
EBIT	$60M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	-$4M
Other Non-Cash Items	-$3M
Change in Working Capital	$28M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$457M
Sales/Maturities of Investments	$391M
Other Investing Activities	-$269M
NET CASH FROM INVESTING	-$340M
Net Debt Issuance	-$34M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$12M
Other Financing Activities	$303M
NET CASH FROM FINANCING	$249M
FREE CASH FLOW	$79M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$118M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$118M
PP&E (Net)	$114M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$3.4B
Tax Assets	$0
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$3.8B
Account Payables	$0
Short-Term Debt	$223M
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$103M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$167M
TOTAL LIABILITIES	$3.4B
Common Stock	$8M
Additional Paid-In Capital	$289M
Retained Earnings	$100M
Treasury Stock	-$20M
Accum. Other Comp. Income	-$260.0K
Other Equity	-$8M
TOTAL STOCKHOLDERS' EQUITY	$369M
Minority Interest	$0
TOTAL EQUITY	$369M
TOTAL LIABILITIES & EQUITY	$3.8B
Total Debt	$326M
Net Debt	$207M