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. Balance sheet items like cash at hand, total assets and liabilities helps one analyze a company and summarize the financial performance of the company like we have in our Firstbank stock analysis. A company releases its balance sheet every year along with its annual results. The Firstbank balance sheet for 2013 shows total assets of $1.48B. The company has a asset turnover ratio of . Also see: Firstbank revenue and Firstbank operating cash flow for the same year.

View latest 10 year balance sheet data to check Firstbank financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec201320122011201020092008
Cash29.81M41.47M44.58M35.72M27.25M33.05M
Marketable Securities45.79M61.06M35.66M48.22M82.93M30.88M
Receivables990.72M968.6M987.95M1.04B1.13B1.17B
Inventory-2.92M-1.35M-1.4M
Raw Materials------
Work In Progress------
Finished Goods------
Notes Receivable------
Other Current Assets------
Total Current Assets
1.07B1.07B1.07B1.12B1.25B1.24B
Property Plant & Equipment56.66M56.5M57.21M56.68M57.1M56.73M
Accumulated Depreciation32.49M32.15M32.13M31.25M31.66M29.79M
Net Property Plant & Equipment
24.16M24.35M25.08M25.43M25.43M26.94M
Investment & Advances350.86M360.94M349.45M263.9M166.01M121.95M
Other Non-Current Assets1.83M2.92M5.25M8.31M7.42M-
Deferred Charges------
Intangibles36.1M36.47M36.96M37.65M38.45M39.48M
Deposits & Other Assets------
Total Assets
1.48B1.5B1.49B1.46B1.48B1.43B
Notes Payable47.63M42.78M46.78M41.32M39.4M59.27M
Accounts Payable1.23B1.24B1.22B1.18B1.15B1.05B
Current Portion Long-Term Debt------
Current Portion Capital Leases------
Accrued Expenses5.79M8.94M7.05M8.06M10.65M12.16M
Income Taxes Payable------
Other Current Liabilities------
Total Current Liabilities
1.29B1.29B1.27B1.23B1.2B1.12B
Mortgages------
Deferred Taxes/Income------
Convertible Debt------
Long-Term Debt55.87M58.57M55.54M76.74M136.34M192M
Non-Current Capital Leases------
Other Long-Term Liabilities------
Total Liabilities
1.34B1.35B1.33B1.31B1.34B1.31B
Minority Interest------
Preferred Stock-16.9M32.79M32.76M32.73M-
Common Stock Net116.64M115.62M115.73M115.22M114.77M113.41M
Capital Surplus------
Retained Earnings20.73M10.92M3.95M--1.22M-
Treasury Stock------
Other Liabilities-3.6M2.89M---
Shareholders Equity137.62M147.05M155.37M148.42M146.88M114.98M
Total Liabilities & Shareholders Equity1.48B1.5B1.49B1.46B1.48B1.43B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Firstbank stock price by looking at Firstbank historical stock prices. One can compare PE with industry average by looking at the Firstbank PE ratio chart. The common balance sheet items are:

  • 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 2013 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 or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Firstbank is $1.34B. Shareholders' equity comes under liabilities as it is money the company owes the holders of FBMI stock.