2010 Q4 Form 10-K Financial Statement

#000110465912010878 Filed on February 17, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2009 2008 Q4
Revenue $200.4M
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.800M $23.80M $7.000M
YoY Change 3.7% -13.77% 7.69%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $72.20M
YoY Change
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $18.20M $31.52M $18.03M
YoY Change 110.89% -32.07% 115.67%
Income Tax $5.630M $6.028M $5.710M
% Of Pretax Income 30.93% 19.13% 31.67%
Net Earnings $12.57M $25.49M $12.32M
YoY Change 102.09% -23.68% 57.34%
Net Earnings / Revenue 12.72%
Basic Earnings Per Share $0.79
Diluted Earnings Per Share $472.4K $0.79 $459.2K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2010 Q4 2009 2008 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $96.87M $120.5M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $33.88M $134.9M $123.6M
YoY Change -74.88% 9.14% -2.68%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $4.445B $4.542B $4.464B
YoY Change -2.13% 1.74% 0.38%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $65.70M $59.80M $80.30M
YoY Change 9.87% -25.53% 7.93%
Deferred Revenue
YoY Change
Short-Term Debt $156.0M $150.1M $296.2M
YoY Change 3.92% -49.32% -12.31%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $65.70M $59.80M $80.30M
YoY Change 9.87% -25.53% 7.93%
LONG-TERM LIABILITIES
Long-Term Debt $114.5M $108.5M $119.5M
YoY Change 4.57% 0.0% -11.28%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $114.5M $108.5M $119.5M
YoY Change 4.57% 0.0% -11.28%
TOTAL LIABILITIES
Total Short-Term Liabilities $65.70M $59.80M $80.30M
Total Long-Term Liabilities $114.5M $108.5M $119.5M
Total Liabilities $3.959B $3.972B $4.011B
YoY Change -0.32% -0.96% -0.15%
SHAREHOLDERS EQUITY
Retained Earnings $157.9M
YoY Change
Common Stock $350.3M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $32.28M
YoY Change
Treasury Stock Shares 1.471M shares
Shareholders Equity $486.4M $570.3M $453.7M
YoY Change
Total Liabilities & Shareholders Equity $4.445B $4.542B $4.464B
YoY Change -2.13% 1.74% 0.38%

Cashflow Statement

Concept 2010 Q4 2009 2008 Q4
OPERATING ACTIVITIES
Net Income $12.57M $25.49M $12.32M
YoY Change 102.09% -23.68% 57.34%
Depreciation, Depletion And Amortization $2.800M $23.80M $7.000M
YoY Change 3.7% -13.77% 7.69%
Cash From Operating Activities $130.3M $71.20M $24.50M
YoY Change -2654.9% 10.9% 26.29%
INVESTING ACTIVITIES
Capital Expenditures $400.0K $2.256M -$2.200M
YoY Change -103.51% -109.28% -76.34%
Acquisitions
YoY Change
Other Investing Activities -$85.70M -$18.70M $5.200M
YoY Change -686.99% -59.96%
Cash From Investing Activities -$85.20M -$55.40M $3.000M
YoY Change -2762.5% -21.97% -132.61%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $1.299M
YoY Change 333.0%
Debt Paid & Issued, Net $11.38M
YoY Change
Cash From Financing Activities -86.60M 73.80M 16.50M
YoY Change -155.91% -377.44% -35.29%
NET CHANGE
Cash From Operating Activities 130.3M 71.20M 24.50M
Cash From Investing Activities -85.20M -55.40M 3.000M
Cash From Financing Activities -86.60M 73.80M 16.50M
Net Change In Cash -41.50M 89.60M 44.00M
YoY Change -127.12% -368.26% 23.25%
FREE CASH FLOW
Cash From Operating Activities $130.3M $71.20M $24.50M
Capital Expenditures $400.0K $2.256M -$2.200M
Free Cash Flow $129.9M $68.94M $26.70M
YoY Change 1961.9% -22.1% -6.97%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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ProceedsFromSaleOfAvailableForSaleSecurities
240325000 USD
CY2010 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
431137000 USD
CY2009 us-gaap Proceeds From Maturities Prepayments And Calls Of Available For Sale Securities
ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities
515216000 USD
CY2010 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
572172000 USD
CY2009 us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
937217000 USD
CY2010 srce Proceeds For Payments To Acquire Other Investments
ProceedsForPaymentsToAcquireOtherInvestments
-3605000 USD
CY2009 srce Proceeds For Payments To Acquire Other Investments
ProceedsForPaymentsToAcquireOtherInvestments
72000 USD
CY2010 srce Proceeds From Loans Sold Or Participated To Others
ProceedsFromLoansSoldOrParticipatedToOthers
19311000 USD
CY2009 srce Proceeds From Loans Sold Or Participated To Others
ProceedsFromLoansSoldOrParticipatedToOthers
17805000 USD
CY2010 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
35428000 USD
CY2009 us-gaap Payments For Proceeds From Loans And Leases
PaymentsForProceedsFromLoansAndLeases
-145223000 USD
CY2010 srce Payments For Proceeds From Equipment Owned Under Operating Leases
PaymentsForProceedsFromEquipmentOwnedUnderOperatingLeases
1850000 USD
CY2009 srce Payments For Proceeds From Equipment Owned Under Operating Leases
PaymentsForProceedsFromEquipmentOwnedUnderOperatingLeases
34457000 USD
CY2010 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2515000 USD
CY2009 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2256000 USD
CY2010 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-74823000 USD
CY2009 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-55433000 USD
CY2010 srce Increase Decrease In Saving Demand And Now Deposits
IncreaseDecreaseInSavingDemandAndNOWDeposits
126079000 USD
CY2009 srce Increase Decrease In Saving Demand And Now Deposits
IncreaseDecreaseInSavingDemandAndNOWDeposits
317699000 USD
CY2010 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-155798000 USD
CY2009 us-gaap Increase Decrease In Time Deposits
IncreaseDecreaseInTimeDeposits
-179777000 USD
CY2010 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
5879000 USD
CY2009 us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-146065000 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
16163000 USD
CY2009 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1014000 USD
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11134000 USD
CY2009 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
11382000 USD
CY2010 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
2873000 USD
CY2009 us-gaap Proceeds From Sale Of Treasury Stock
ProceedsFromSaleOfTreasuryStock
1663000 USD
CY2010 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2142000 USD
CY2009 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1299000 USD
CY2010 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
5519000 USD
CY2009 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
4502000 USD
CY2009 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
14520000 USD
CY2009 srce Proceeds From Issuance Of Preferred Stock And Common Stock Warrants Net
ProceedsFromIssuanceOfPreferredStockAndCommonStockWarrantsNet
111000000 USD
CY2009Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
210102000 USD
CY2008Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
120458000 USD
CY2011 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
15626000 USD
CY2011 srce Adjustments To Common Stock Sharebased Compensation
AdjustmentsToCommonStockSharebasedCompensation
3000 USD
CY2011 srce Warrant Repurchased Common Stock
WarrantRepurchasedCommonStock
3750000 USD
CY2011 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
2241000 USD
CY2011 srce Stock Issued During Period Value Stock Based Compensation Awards
StockIssuedDuringPeriodValueStockBasedCompensationAwards
2953000 USD
CY2011 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
56196000 USD
CY2011 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
856000 USD
CY2010 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-149675000 USD
CY2009 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
73831000 USD
CY2010 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
-113230000 USD
CY2009 us-gaap Net Cash Provided By Used In Continuing Operations
NetCashProvidedByUsedInContinuingOperations
89644000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
96872000 USD
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
114327000 USD
CY2010 us-gaap Depreciation Nonproduction
DepreciationNonproduction
4132000 USD
CY2010 srce Transfer Other Real Estate And Repossessed Assets
TransferOtherRealEstateAndRepossessedAssets
18075000 USD
CY2009 srce Transfer Other Real Estate And Repossessed Assets
TransferOtherRealEstateAndRepossessedAssets
19393000 USD
CY2010 us-gaap Stock Issued1
StockIssued1
2545000 USD
CY2009 us-gaap Stock Issued1
StockIssued1
1254000 USD
CY2010 us-gaap Interest Paid
InterestPaid
57857000 USD
CY2009 us-gaap Interest Paid
InterestPaid
76145000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17404000 USD
CY2009 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8903000 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
1ST SOURCE CORP
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0000034782
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
113709000 shares
CY2010 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
125767000 shares
CY2009 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
83309000 shares
CY2011 srce Stock Issued During Period Shares Stock Based Compensation Awards
StockIssuedDuringPeriodSharesStockBasedCompensationAwards
154921000 shares
CY2010 srce Stock Issued During Period Shares Stock Based Compensation Awards
StockIssuedDuringPeriodSharesStockBasedCompensationAwards
187554000 shares
CY2009 srce Stock Issued During Period Shares Stock Based Compensation Awards
StockIssuedDuringPeriodSharesStockBasedCompensationAwards
83402000 shares
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
453664000 USD
CY2009 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Net Of Tax
OtherComprehensiveIncomeReclassificationAdjustmentForSaleOfSecuritiesIncludedInNetIncomeNetOfTax
870000 USD
CY2009 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
24760000 USD
CY2009 srce Stock Issued During Period Value Stock Based Compensation Awards
StockIssuedDuringPeriodValueStockBasedCompensationAwards
1663000 USD
CY2011 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
15921000 USD
CY2009 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
1299000 USD
CY2009 us-gaap Depreciation Nonproduction
DepreciationNonproduction
4605000 USD
CY2010 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-1576000 USD
CY2009 us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
-5304000 USD
CY2010 us-gaap Amortization Of Mortgage Servicing Rights Ms Rs
AmortizationOfMortgageServicingRightsMSRs
3277000 USD
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
280750204 USD
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
24319398 shares
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY

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0001104659-12-010878.txt Edgar Link pending
0001104659-12-010878-xbrl.zip Edgar Link pending
a11-30328_110k.htm Edgar Link pending
a11-30328_1ex18.htm Edgar Link pending
a11-30328_1ex23.htm Edgar Link pending
a11-30328_1ex31d1.htm Edgar Link pending
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srce-20111231.xml Edgar Link completed
srce-20111231.xsd Edgar Link pending
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srce-20111231_def.xml Edgar Link unprocessable
srce-20111231_lab.xml Edgar Link unprocessable
srce-20111231_pre.xml Edgar Link unprocessable