TRST FY 2006 Earnings Report — TrustCo Bank Corp NY Revenue & Financial Results | Market Cap Arena

TrustCo Bank Corp NYTRST

FY 2006 Earnings

Reported February 28, 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	$184M	—	—	—	—
Op. Income	$68M	—	—	—	—
Gross Margin	63.4%	—	—	—	—
Net Margin	24.6%	—	—	—	—
EPS (Diluted)	$3.02	—	—	—	—
Free Cash Flow	$43M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$184M
Cost of Revenue	$67M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$18M
SG&A Expenses	$21M
Other Expenses	$28M
Operating Expenses	$49M
Cost & Expenses	$116M
OPERATING INCOME	$68M
Interest Income	$169M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$68M
Income Tax Expense	$22M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$3M
EBIT	$68M
EBITDA	$70M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$184M
Cost of Revenue	$67M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$18M
SG&A Expenses	$21M
Other Expenses	$28M
Operating Expenses	$49M
Cost & Expenses	$116M
OPERATING INCOME	$68M
Interest Income	$169M
Interest Expense	$71M
Other Income/Expenses	$0
INCOME BEFORE TAX	$68M
Income Tax Expense	$22M
Net Income from Continuing Ops	$45M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$45M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$45M
D&A	$3M
EBIT	$68M
EBITDA	$70M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$45M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	$1M
Other Non-Cash Items	-$3M
Change in Working Capital	$2M
OPERATING CASH FLOW	$48M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$95M
Sales/Maturities of Investments	$124M
Other Investing Activities	-$290M
NET CASH FROM INVESTING	-$267M
Net Debt Issuance	$8M
Common Stock Repurchased	$0
Common Dividends Paid	-$48M
Other Financing Activities	$237M
NET CASH FROM FINANCING	$197M
FREE CASH FLOW	$43M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$48M
PP&E (Net)	$24M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$2.8B
Tax Assets	$0
Other Non-Current Assets	$314M
TOTAL NON-CURRENT ASSETS	$3.1B
TOTAL ASSETS	$3.2B
Account Payables	$0
Short-Term Debt	$96M
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$59.0K
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$27M
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$2.9B
Common Stock	$82M
Additional Paid-In Capital	$119M
Retained Earnings	$110M
Treasury Stock	-$69M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$240M
Minority Interest	$0
TOTAL EQUITY	$240M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$96M
Net Debt	$48M