ACNB FY 2008 Earnings Report — ACNB Corporation Revenue & Financial Results | Market Cap Arena

ACNB CorporationACNB

FY 2008 Earnings

Reported March 13, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$57M	—	$62M	—	-7.5%
Op. Income	$8M	—	$10M	—	-20.6%
Gross Margin	57.3%	—	56.3%	—	1.0pp
Net Margin	11.8%	—	12.8%	—	-1.0pp
EPS (Diluted)	$1.13	—	$1.32	—	-14.4%
Free Cash Flow	$11M	—	$4M	—	207.5%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$24M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$933.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$50M
OPERATING INCOME	$8M
Interest Income	$48M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$8M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$24M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$933.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$50M
OPERATING INCOME	$8M
Interest Income	$48M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$1M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$8M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5M
Change in Working Capital	-$726.0K
OPERATING CASH FLOW	$12M
Capital Expenditure	-$1M
Acquisitions (Net)	-$6M
Purchases of Investments	-$82M
Sales/Maturities of Investments	$125M
Other Investing Activities	-$94M
NET CASH FROM INVESTING	-$59M
Net Debt Issuance	$29M
Common Stock Repurchased	-$442.0K
Common Dividends Paid	-$5M
Other Financing Activities	$20M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	$11M
Net Change in Cash	-$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$17M
PP&E (Net)	$14M
Goodwill	$6M
Intangible Assets	$5M
Long-Term Investments	$889M
Tax Assets	$0
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$960M
TOTAL ASSETS	$977M
Account Payables	$0
Short-Term Debt	$83M
Deferred Revenue	$0
Other Current Liabilities	$690M
TOTAL CURRENT LIABILITIES	$774M
Long-Term Debt	$107M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$118M
TOTAL LIABILITIES	$892M
Common Stock	$15M
Additional Paid-In Capital	$9M
Retained Earnings	$63M
Treasury Stock	-$442.0K
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$84M
Minority Interest	$0
TOTAL EQUITY	$84M
TOTAL LIABILITIES & EQUITY	$977M
Total Debt	$190M
Net Debt	$173M