WTBA FY 2006 Earnings Report — West Bancorporation, Inc. Revenue & Financial Results | Market Cap Arena

West Bancorporation, Inc.WTBA

FY 2006 Earnings

Reported March 9, 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	$96M	—	—	—	—
Op. Income	$29M	—	—	—	—
Gross Margin	55.8%	—	—	—	—
Net Margin	20.2%	—	—	—	—
EPS (Diluted)	$1.11	—	—	—	—
Free Cash Flow	$24M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$96M
Cost of Revenue	$42M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$11M
Operating Expenses	$25M
Cost & Expenses	$67M
OPERATING INCOME	$29M
Interest Income	$80M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$1M
EBIT	$29M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$96M
Cost of Revenue	$42M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$11M
Operating Expenses	$25M
Cost & Expenses	$67M
OPERATING INCOME	$29M
Interest Income	$80M
Interest Expense	$41M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$1M
EBIT	$29M
EBITDA	$30M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$131.0K
Other Non-Cash Items	$808.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$541.0K
Acquisitions (Net)	$0
Purchases of Investments	-$22M
Sales/Maturities of Investments	$36M
Other Investing Activities	-$42M
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$30M
Common Stock Repurchased	$0
Common Dividends Paid	-$11M
Other Financing Activities	-$20M
NET CASH FROM FINANCING	-$626.0K
FREE CASH FLOW	$24M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$0
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$44M
PP&E (Net)	$5M
Goodwill	$9M
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$1.2B
TOTAL ASSETS	$1.3B
Account Payables	$0
Short-Term Debt	$111M
Deferred Revenue	$0
Other Current Liabilities	$925M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$106M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$118M
TOTAL LIABILITIES	$1.2B
Common Stock	$3M
Additional Paid-In Capital	$32M
Retained Earnings	$80M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$114M
Minority Interest	$0
TOTAL EQUITY	$114M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$217M
Net Debt	$182M