SYBT FY 2007 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2007 Earnings

Reported March 13, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$122M	—	$115M	—	5.7%
Op. Income	$34M	—	$34M	—	0.3%
Gross Margin	66.2%	—	70.0%	—	-3.7pp
Net Margin	19.8%	—	19.9%	—	-0.1pp
EPS (Diluted)	$1.11	—	$1.03	—	7.8%
Free Cash Flow	$12M	—	$34M	—	-63.5%

Revenue Flow

Item	Amount
REVENUE	$122M
Cost of Revenue	$41M
GROSS PROFIT	$80M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$20M
Operating Expenses	$47M
Cost & Expenses	$88M
OPERATING INCOME	$34M
Interest Income	$91M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
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	$2M
EBIT	$34M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$122M
Cost of Revenue	$41M
GROSS PROFIT	$80M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$20M
Operating Expenses	$47M
Cost & Expenses	$88M
OPERATING INCOME	$34M
Interest Income	$91M
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$10M
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	$2M
EBIT	$34M
EBITDA	$36M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	-$2M
Other Non-Cash Items	$3M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$98M
Sales/Maturities of Investments	$83M
Other Investing Activities	-$55M
NET CASH FROM INVESTING	-$75M
Net Debt Issuance	$64M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$9M
Other Financing Activities	$4M
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$12M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$39M
Short-Term Investments	$0
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$45M
PP&E (Net)	$27M
Goodwill	$0
Intangible Assets	$7M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.5B
Account Payables	$1M
Short-Term Debt	$119M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$90M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$32M
TOTAL NON-CURRENT LIABILITIES	$122M
TOTAL LIABILITIES	$1.3B
Common Stock	$0
Additional Paid-In Capital	$16M
Retained Earnings	$117M
Treasury Stock	$0
Accum. Other Comp. Income	$83.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$133M
Minority Interest	$0
TOTAL EQUITY	$133M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$209M
Net Debt	$171M