TBBK FY 2007 Earnings Report — The Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

The Bancorp, Inc.TBBK

FY 2007 Earnings

Reported March 17, 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	$114M	—	$86M	—	32.7%
Op. Income	$24M	—	$21M	—	13.7%
Gross Margin	48.1%	—	53.9%	—	-5.8pp
Net Margin	12.6%	—	14.5%	—	-2.0pp
EPS (Diluted)	$0.98	—	$0.86	—	14.0%
Free Cash Flow	$19M	—	$17M	—	11.9%

Revenue Flow

Item	Amount
REVENUE	$114M
Cost of Revenue	$59M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$653.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$16M
Operating Expenses	$31M
Cost & Expenses	$90M
OPERATING INCOME	$24M
Interest Income	$107M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$24M
EBITDA	$25M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$114M
Cost of Revenue	$59M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$653.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$16M
Operating Expenses	$31M
Cost & Expenses	$90M
OPERATING INCOME	$24M
Interest Income	$107M
Interest Expense	$54M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$9M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$24M
EBITDA	$25M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$171.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$922.0K
OPERATING CASH FLOW	$20M
Capital Expenditure	-$2M
Acquisitions (Net)	-$50M
Purchases of Investments	-$21M
Sales/Maturities of Investments	$14M
Other Investing Activities	-$225M
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	-$898.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$68.0K
Other Financing Activities	$209M
NET CASH FROM FINANCING	$210M
FREE CASH FLOW	$19M
Net Change in Cash	-$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$0
Net Receivables	$10M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$51M
PP&E (Net)	$7M
Goodwill	$50M
Intangible Assets	$12M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.6B
Account Payables	$5M
Short-Term Debt	$94M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$13M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2M
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$1.4B
Common Stock	$15M
Additional Paid-In Capital	$139M
Retained Earnings	$25M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$176M
Minority Interest	$0
TOTAL EQUITY	$176M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$107M
Net Debt	$66M