Firstbank Balance Sheet - Annual (NASDAQ:FBMI)

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$21.59 $0.53 (2.52%) FBMI stock closing price May 30, 2014 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Firstbank, and helps in stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Firstbank stock analysis. A company releases its balance sheet every quarter along with its quarterly results. Firstbank had a long term debt of $55.87M at the end of 2013. Firstbank operating cash flow was $25.68M while Firstbank revenue stood at $69.06M. View latest and last 10 year balance sheet data to check Firstbank financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007 2006
Cash29.81M41.47M44.58M35.72M27.25M33.05M42.19M32.08M
Marketable Securities45.79M61.06M35.66M48.22M82.93M30.88M4M24.85M
Receivables990.72M968.6M987.95M1.04B1.13B1.17B1.14B918.61M
Inventory0.4M2.92M0.34M1.35M0.57M1.4M1.72M1.12M
Raw Materials--------
Work In Progress--------
Finished Goods--------
Notes Receivable--------
Other Current Assets--------
Firstbank Total Current Assets
1.07B1.07B1.07B1.12B1.25B1.24B1.19B976.67M
Property Plant & Equipment56.66M56.5M57.21M56.68M57.1M56.73M--
Accumulated Depreciation32.49M32.15M32.13M31.25M31.66M29.79M--
Firstbank Net Property Plant & Equipment
24.16M24.35M25.08M25.43M25.43M26.94M27.55M20.23M
Investment & Advances350.86M360.94M349.45M263.9M166.01M121.95M112.46M75.04M
Other Non-Current Assets1.83M2.92M5.25M8.31M7.42M---
Deferred Charges--------
Intangibles36.1M36.47M36.96M37.65M38.45M39.48M34.42M20.09M
Deposits & Other Assets------5.83M3.04M
Firstbank Total Assets
1.48B1.5B1.49B1.46B1.48B1.43B1.37B1.1B
Notes Payable47.63M42.78M46.78M41.32M39.4M59.27M43.7M35.25M
Accounts Payable1.23B1.24B1.22B1.18B1.15B1.05B1.01B835.42M
Current Portion Long-Term Debt--------
Current Portion Capital Leases--------
Accrued Expenses5.79M8.94M7.05M8.06M10.65M12.16M17.82M13.61M
Income Taxes Payable--------
Other Current Liabilities--------
Firstbank Total Current Liabilities
1.29B1.29B1.27B1.23B1.2B1.12B1.07B884.29M
Mortgages--------
Deferred Taxes/Income--------
Convertible Debt--------
Long-Term Debt55.87M58.57M55.54M76.74M136.34M192M174.21M114.72M
Non-Current Capital Leases--------
Other Long-Term Liabilities--------
Firstbank Total Liabilities
1.34B1.35B1.33B1.31B1.34B1.31B1.25B999.01M
Minority Interest--------
Preferred Stock-16.9M32.79M32.76M32.73M---
Common Stock Net116.64M115.62M115.73M115.22M114.77M113.41M111.43M91.65M
Capital Surplus--------
Retained Earnings20.73M10.92M3.95M0.29M-1.22M0.68M6.69M4.55M
Treasury Stock--------
Other Liabilities0.24M3.6M2.89M0.14M0.59M0.88M0.48M-0.13M
Firstbank Shareholders Equity
137.62M147.05M155.37M148.42M146.88M114.98M118.61M96.07M
Firstbank Total Liabilities & Shareholders Equity
1.48B1.5B1.49B1.46B1.48B1.43B1.37B1.1B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Firstbank stock price, and Firstbank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Firstbank PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: FBMI total assets, which was at $1.48B for 2013 is a balance sheet item representing value of what Firstbank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: This item on the balance sheet implies the firm's, in this case Firstbank's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for FBMI stock stand at $1.34B.
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