SYBT FY 2010 Earnings Report — Stock Yards Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Stock Yards Bancorp, Inc.SYBT

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$120M	—	$114M	—	5.3%
Op. Income	$32M	—	$23M	—	37.8%
Gross Margin	74.4%	—	66.7%	—	7.7pp
Net Margin	19.1%	—	14.3%	—	4.8pp
EPS (Diluted)	$1.11	—	$0.79	—	40.5%
Free Cash Flow	$30M	—	$11M	—	189.2%

Revenue Flow

Item	Amount
REVENUE	$120M
Cost of Revenue	$31M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$17M
Operating Expenses	$57M
Cost & Expenses	$88M
OPERATING INCOME	$32M
Interest Income	$86M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$3M
EBIT	$32M
EBITDA	$35M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$120M
Cost of Revenue	$31M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$17M
Operating Expenses	$57M
Cost & Expenses	$88M
OPERATING INCOME	$32M
Interest Income	$86M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$32M
Income Tax Expense	$9M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$3M
EBIT	$32M
EBITDA	$35M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$3M
Stock-Based Compensation	$952.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$10M
Change in Working Capital	$561.0K
OPERATING CASH FLOW	$37M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$254M
Sales/Maturities of Investments	$238M
Other Investing Activities	-$83M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$396.0K
Common Dividends Paid	-$12M
Other Financing Activities	$91M
NET CASH FROM FINANCING	$78M
FREE CASH FLOW	$30M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$24M
PP&E (Net)	$32M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$107M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$1.9B
Account Payables	$304.0K
Short-Term Debt	$88M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$101M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$50M
TOTAL NON-CURRENT LIABILITIES	$152M
TOTAL LIABILITIES	$1.7B
Common Stock	$0
Additional Paid-In Capital	$19M
Retained Earnings	$148M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$170M
Minority Interest	$0
TOTAL EQUITY	$170M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$189M
Net Debt	$171M