Oregon Pacific Bancorp (ORPB US) · 10+ Years of Financial statements

Income Statement	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y
Sales/Revenue/Turnover	8	9	10	11	11	9	8	8	9	8	9	10	12	14	17
+ Sales & Services Revenue	8	9	10	11	11	9	8	8	9	8	9	10	12	14	17
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	8	9	10	11	11	9	8	8	8	8	9	10	11	14	17
+ Other Operating Income	-1	-2	-3	-3	-3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	8	9	10	11	11	9	8	8	8	8	9	10	11	14	17
+ Selling, General & Admin	4	1	5	5	5	6	6	6	6	6	7	7	7	8	9
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	4	8	6	6	6	3	3	2	2	2	3	3	4	6	7
Operating Income (Loss)	1	2	3	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	-1	3	- -	- -	- -	-1	-2	-3	-3	-5
+ Interest Expense, Net	-9	-9	-12	-15	-16	-14	-11	-8	-7	-7	-7	-8	-10	-13	-16
+ Interest Expense	-2	-1	-2	-3	-4	-3	-2	-1	-1	-1	- -	- -	-1	-1	-1
- Interest Income	7	8	10	12	12	11	9	7	7	6	7	8	9	12	15
+ Other Non-Op (Income) Loss	9	9	12	15	16	12	14	8	7	7	6	6	7	9	12
Pretax Income	1	2	3	3	3	1	-3	- -	- -	- -	1	2	3	3	5
- Income Tax Expense (Benefit)	- -	1	1	1	1	- -	-1	- -	- -	- -	- -	1	1	1	1
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	2	2	2	1	-2	- -	- -	- -	1	1	1	3	4
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	1	2	2	2	1	-2	- -	- -	- -	1	1	1	3	4
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	1	2	2	2	1	-2	- -	- -	- -	1	1	1	3	4
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	2	2	2	1	-2	- -	- -	- -	1	1	1	3	4
Basic Weighted Avg Shares	2	2	2	2	2	2	2	3	4	4	4	4	5	7	7
Basic EPS, GAAP	0.45	0.49	0.87	0.91	0.84	0.44	-0.79	0.02	0.09	-0.06	0.17	0.26	0.31	0.37	0.5
Basic EPS from Cont Ops	0.45	0.49	0.87	0.91	0.84	0.44	-0.79	0.02	0.09	-0.06	0.17	0.26	0.31	0.37	0.5
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	3	4	4	4	4	5	7	7
Diluted EPS, GAAP	0.45	0.49	0.86	0.91	0.84	0.44	-0.79	0.02	0.09	-0.06	0.17	0.26	0.31	0.37	0.5
Diluted EPS from Cont Ops	0.45	0.49	0.86	0.91	0.84	0.44	-0.79	0.02	0.09	-0.06	0.17	0.26	0.31	0.37	0.5
EBITDA	2	2	3	4	3	1	1	1	1	- -	1	1	1	1	1
EBITDA Margin (%)	20.93	23.09	31.11	32.73	30.39	8.82	7.58	6.52	6.1	5.89	5.51	5.55	5.8	6.93	5.45
EBITA	1	2	3	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	1	2	3	3	3	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	16.64	17.76	26.47	27.52	24.42	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	11.95	11.96	17.79	17.74	16.84	10.43	-20.5	0.69	4.12	-2.99	7.7	10.98	11.68	18.6	21.2
Sales per Employee	86,561	101,332	113,979	117,841	114,140	96,750	87,682	84,526	88,827	85,542	96,427	107,722	126,798	145,906	172,888
Dividend per Share	0.11	0.12	0.14	0.18	0.21	0.19	0.04	- -	- -	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	1	1	1	1	1	1	- -	1	1	1	1	1

Balance Sheet	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y
Total Current Assets	11	7	13	11	12	15	27	52	49	41	46	57	57	42	50
+ Cash, Cash Equivalents & STI	10	5	11	7	9	15	27	52	49	41	46	57	57	42	50
+ Cash & Cash Equivalents	10	5	11	7	9	6	17	39	33	23	29	38	29	15	22
+ ST Investments	- -	- -	- -	- -	- -	9	10	13	16	18	17	19	28	27	28
+ Accounts & Notes Receiv	2	2	2	4	3	3	4	2	1	1	1	1	2	2	3
+ Accounts Receivable, Net	2	2	2	4	3	3	4	2	1	1	1	1	2	2	3
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	- -	- -	- -	- -	- -	-3	-4	-2	-1	-1	-1	-1	-2	-2	-3
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	109	131	137	140	141	141	138	126	124	135	157	173	204	268	314
+ Property, Plant & Equip, Net	5	5	5	7	8	8	7	7	7	7	7	6	6	7	7
+ Property, Plant & Equip	5	5	5	7	8	12	12	12	12	12	12	13	13	13	14
- Accumulated Depreciation	- -	- -	- -	- -	- -	4	5	6	5	6	6	6	6	7	7
+ LT Investments & Receivables	18	16	13	11	10	9	10	13	16	18	17	19	28	27	28
+ LT Investments	18	16	13	11	10	9	10	13	16	18	17	19	28	27	28
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	87	110	119	122	123	125	121	106	101	110	134	147	169	234	279
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	87	110	119	121	122	125	121	106	101	110	134	147	169	234	279
Total Assets	121	138	150	151	153	156	165	177	173	176	203	231	261	310	364
+ Payables & Accruals	2	1	1	1	1	1	1	1	1	1	1	1	1	1	3
+ Accounts Payable	2	1	1	1	1	1	1	1	1	1	1	1	1	1	3
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	5	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	5	2	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1	-1	-1	-1	-1	-3
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1	-1	-1	-1	-1	-3
Total Current Liabilities	2	7	4	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	12	11	13	16	15	19	18	11	11	9	9	9	7	4	4
+ LT Borrowings	12	11	13	16	15	19	18	11	11	9	9	9	7	4	4
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	98	112	123	123	123	124	135	152	147	151	178	204	224	273	323
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	2	2	2	2	2	2	2	2	2	2
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	98	112	123	123	123	122	133	149	145	149	176	202	222	271	321
Total Noncurrent Liabilities	110	123	136	139	138	143	153	162	158	160	187	213	231	277	327
Total Liabilities	112	129	140	139	139	143	153	162	158	160	187	213	231	277	327
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5	5	10	5	5	5	5	8	8	9	9	9	21	21	21
+ Common Stock	5	5	5	- -	- -	5	5	8	8	9	9	9	21	21	21
+ Additional Paid in Capital	- -	- -	5	5	5	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	3	4	5	7	8	8	7	7	7	7	7	9	10	13	16
+ Other Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1
Equity Before Minority Interest	9	9	10	12	13	13	12	15	15	16	16	18	30	33	37
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	9	9	10	12	13	13	12	15	15	16	16	18	30	33	37
Total Liabilities & Equity	121	138	150	151	153	156	165	177	173	176	203	231	261	310	364
Shares Outstanding	2	2	2	2	2	2	2	3	4	4	4	4	5	7	7
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	2	11	5	8	6	13	1	-28	-22	-14	-20	-30	-22	-11	-18
Net Debt to Equity	25.96	121.19	44.84	68.44	41.66	95.28	7.63	-187.98	-146.76	-89.86	-122.45	-168.97	-71.64	-33.52	-49.18
Tangible Common Equity Ratio	7.16	6.43	6.82	7.64	8.59	8.4	6.92	8.48	8.74	8.99	8.11	7.59	11.63	10.54	10.26
Current Ratio	6.35	1.04	3.43	12.74	12.61	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	93	88	92	95	96	96	96	96	96	96	96	96	96	96	96

Cash Flow Statement	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2009 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y
+ Net Income	1	1	2	2	2	1	-2	- -	- -	- -	1	1	1	3	4
+ Depreciation & Amortization	- -	- -	- -	1	1	1	1	1	1	- -	1	1	1	1	1
+ Non-Cash Items	1	3	- -	- -	- -	1	4	1	1	1	- -	- -	1	1	1
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	1	1	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	1	3	- -	- -	- -	1	4	1	1	1	- -	- -	- -	1	- -
+ Chg in Non-Cash Work Cap	1	- -	1	- -	1	- -	-2	- -	1	- -	-1	- -	- -	- -	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	1	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Inc (Dec) in Other	1	- -	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	3	4	3	2	4	3	1	2	2	1	1	2	3	4	5
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	1	- -	- -	1	1	- -	- -	1	- -	1
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	1	- -	- -	1	1	- -	- -	1	- -	1
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-2	-1	-1	-2	-2	- -	- -	-1	- -	- -	- -	- -	- -	-1	-1
+ Acq of Fixed Prod Assets	-2	-1	-1	-2	-2	- -	- -	-1	- -	- -	- -	- -	- -	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-3	1	3	1	2	- -	-1	- -	-4	-2	1	-3	-9	1	1
+ Dec in LT Investment	7	9	3	1	5	4	2	15	2	6	7	11	4	3	2
+ Inc in LT Investment	-10	-8	- -	- -	-3	-4	-4	-15	-7	-7	-6	-14	-13	-2	-1
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-8	-22	-15	-1	-3	-6	-11	-4	6	-2	-30	-25	-24	-48	-55
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-14	-21	-12	-2	-3	-5	-12	-5	2	-3	-29	-28	-33	-48	-54
+ Dividends Paid	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	3	4	- -	- -	-1	7	-1	-2	- -	-2	- -	- -	-2	-3	- -
+ Cash From Debt	5	4	5	3	3	9	5	2	3	- -	- -	- -	- -	- -	- -
+ Repayments of Debt	-1	- -	-5	-2	-4	-2	-6	-3	-3	-2	- -	- -	-2	-3	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	-1	- -	3	- -	1	- -	- -	11	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	3	- -	1	- -	- -	14	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -	-2	- -	- -
+ Other Financing Activities	9	14	10	-1	- -	-3	11	1	-4	4	28	26	19	49	48
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	12	17	10	-1	-1	3	10	3	-4	3	28	26	29	46	48
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	1	-1	1	-1	- -	- -	-1	- -	- -	- -	-1	- -	-1	2	-1
EBITDA	2	2	3	4	3	1	1	1	1	- -	1	1	1	1	1
EBITDA Margin (%)	20.93	23.09	31.11	32.73	30.39	8.82	7.58	6.52	6.1	5.89	5.51	5.55	5.8	6.93	5.45
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	1	3	2	- -	2	2	1	1	2	1	- -	2	3	3	4
Free Cash Flow to Firm	- -	2	1	-2	-1	- -	- -	- -	1	- -	- -	1	3	2	3
Free Cash Flow to Equity	4	7	2	- -	1	10	- -	- -	3	-1	1	2	3	- -	5
Free Cash Flow per Basic Share	0.39	1.41	1.05	-0.09	0.83	1.11	0.51	0.43	0.54	0.16	0.05	0.38	0.69	0.42	0.62
Price/Free Cash Flow	2.6	3.38	7.8	6.26	3.84	2.7	6	2.84	5.11	8.33	13.45	8.43	6.32	6.32	7.16
Cash Flow to Net Income	3.39	3.65	1.49	1.03	1.9	2.71	-0.7	34.56	6.66	-4.09	0.9	1.72	2.35	1.57	1.46

Oregon Pacific Bancorp

ORPB US

6.99

6.99