TBBK FY 2011 Earnings Report — The Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

The Bancorp, Inc.TBBK

FY 2011 Earnings

Reported March 13, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$118M	—	$103M	—	14.6%
Op. Income	$13M	—	$8M	—	70.6%
Gross Margin	71.7%	—	67.3%	—	4.4pp
Net Margin	7.5%	—	5.1%	—	2.5pp
EPS (Diluted)	$0.28	—	$-0.04	—	800.0%
Free Cash Flow	$36M	—	$2M	—	1668.7%

Revenue Flow

Item	Amount
REVENUE	$118M
Cost of Revenue	$34M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$34M
Operating Expenses	$72M
Cost & Expenses	$105M
OPERATING INCOME	$13M
Interest Income	$88M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$4M
EBIT	$13M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$118M
Cost of Revenue	$34M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$34M
Operating Expenses	$72M
Cost & Expenses	$105M
OPERATING INCOME	$13M
Interest Income	$88M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$4M
EBIT	$13M
EBITDA	$17M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	-$2M
Other Non-Cash Items	$22M
Change in Working Capital	$3M
OPERATING CASH FLOW	$38M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$346M
Sales/Maturities of Investments	$140M
Other Investing Activities	-$147M
NET CASH FROM INVESTING	-$356M
Net Debt Issuance	-$136M
Common Stock Repurchased	-$866.0K
Common Dividends Paid	$0
Other Financing Activities	$677M
NET CASH FROM FINANCING	$595M
FREE CASH FLOW	$36M
Net Change in Cash	$277M

Balance Sheet

Item	Amount
Cash & Equivalents	$749M
Short-Term Investments	$448M
Net Receivables	$138M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$8M
Goodwill	$0
Intangible Assets	$8M
Long-Term Investments	$1.6B
Tax Assets	$22M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.0B
Account Payables	$123.0K
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$2.7B
TOTAL CURRENT LIABILITIES	$2.7B
Long-Term Debt	$13M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$23M
TOTAL LIABILITIES	$2.7B
Common Stock	$33M
Additional Paid-In Capital	$242M
Retained Earnings	-$9M
Treasury Stock	-$866.0K
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$271M
Minority Interest	$0
TOTAL EQUITY	$271M
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$47M
Net Debt	-$703M