Firstbank Balance Sheet - Annual (NASDAQ:FBMI)

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

The financial analysis of a company like Firstbank involves checking the three financial statements of the company in detail, of which the balance sheet is one. As in our Firstbank stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Quarterly results announcements include the release of all three financial statements, of which the balance sheet is one. The Firstbank balance sheet for 2013 shows cash on hand of $29.81M. The cash has decreased by $11.66M. Firstbank revenue was $69.06M and Firstbank operating cash flow was $25.68M. View latest and last 10 year balance sheet data to check Firstbank financial performance..

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Annual
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Fiscal year is Jan - Dec. 2013 2012 2011 2010 2009 2008 2007
Cash29.81M41.47M44.58M35.72M27.25M33.05M42.19M
Marketable Securities45.79M61.06M35.66M48.22M82.93M30.88M4M
Receivables990.72M968.6M987.95M1.04B1.13B1.17B1.14B
Inventory0.4M2.92M0.34M1.35M0.57M1.4M1.72M
Raw Materials-------
Work In Progress-------
Finished Goods-------
Notes Receivable-------
Other Current Assets-------
Firstbank Total Current Assets
1.07B1.07B1.07B1.12B1.25B1.24B1.19B
Property Plant & Equipment56.66M56.5M57.21M56.68M57.1M56.73M-
Accumulated Depreciation32.49M32.15M32.13M31.25M31.66M29.79M-
Firstbank Net Property Plant & Equipment
24.16M24.35M25.08M25.43M25.43M26.94M27.55M
Investment & Advances350.86M360.94M349.45M263.9M166.01M121.95M112.46M
Other Non-Current Assets1.83M2.92M5.25M8.31M7.42M--
Deferred Charges-------
Intangibles36.1M36.47M36.96M37.65M38.45M39.48M34.42M
Deposits & Other Assets------5.83M
Firstbank Total Assets
1.48B1.5B1.49B1.46B1.48B1.43B1.37B
Notes Payable47.63M42.78M46.78M41.32M39.4M59.27M43.7M
Accounts Payable1.23B1.24B1.22B1.18B1.15B1.05B1.01B
Current Portion Long-Term Debt-------
Current Portion Capital Leases-------
Accrued Expenses5.79M8.94M7.05M8.06M10.65M12.16M17.82M
Income Taxes Payable-------
Other Current Liabilities-------
Firstbank Total Current Liabilities
1.29B1.29B1.27B1.23B1.2B1.12B1.07B
Mortgages-------
Deferred Taxes/Income-------
Convertible Debt-------
Long-Term Debt55.87M58.57M55.54M76.74M136.34M192M174.21M
Non-Current Capital Leases-------
Other Long-Term Liabilities-------
Firstbank Total Liabilities
1.34B1.35B1.33B1.31B1.34B1.31B1.25B
Minority Interest-------
Preferred Stock-16.9M32.79M32.76M32.73M--
Common Stock Net116.64M115.62M115.73M115.22M114.77M113.41M111.43M
Capital Surplus-------
Retained Earnings20.73M10.92M3.95M0.29M-1.22M0.68M6.69M
Treasury Stock-------
Other Liabilities0.24M3.6M2.89M0.14M0.59M0.88M0.48M
Firstbank Shareholders Equity
137.62M147.05M155.37M148.42M146.88M114.98M118.61M
Firstbank Total Liabilities & Shareholders Equity
1.48B1.5B1.49B1.46B1.48B1.43B1.37B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Firstbank stock price, and Firstbank historical stock prices show the stock price movement over time, and the Firstbank PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:
  • Assets: An asset is a resource that a corporation like Firstbank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for FBMI stock as of year is $1.48B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Firstbank for 2013 total to $1.34B. Liabilities for a company like Firstbank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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