ACNB FY 2018 Earnings Report — ACNB Corporation Revenue & Financial Results | Market Cap Arena

ACNB CorporationACNB

FY 2018 Earnings

Reported March 8, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$80M	—	$66M	—	22.0%
Op. Income	$27M	—	$16M	—	62.7%
Gross Margin	88.8%	—	91.8%	—	-3.0pp
Net Margin	27.0%	—	14.8%	—	12.2pp
EPS (Diluted)	$3.09	—	$1.50	—	106.0%
Free Cash Flow	$28M	—	$15M	—	82.3%

Revenue Flow

Item	Amount
REVENUE	$80M
Cost of Revenue	$9M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$565.0K
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$16M
Operating Expenses	$45M
Cost & Expenses	$54M
OPERATING INCOME	$27M
Interest Income	$64M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$5M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$3M
EBIT	$27M
EBITDA	$30M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$80M
Cost of Revenue	$9M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$565.0K
General & Administrative	$28M
SG&A Expenses	$29M
Other Expenses	$16M
Operating Expenses	$45M
Cost & Expenses	$54M
OPERATING INCOME	$27M
Interest Income	$64M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$5M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$3M
EBIT	$27M
EBITDA	$30M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$3M
Stock-Based Compensation	$186.0K
Deferred Income Tax	$557.0K
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$2M
Acquisitions (Net)	-$3M
Purchases of Investments	-$39M
Sales/Maturities of Investments	$51M
Other Investing Activities	-$61M
NET CASH FROM INVESTING	-$54M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$50M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$28M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$162M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$203M
PP&E (Net)	$26M
Goodwill	$20M
Intangible Assets	$4M
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$75M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$35M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$84M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$97M
TOTAL LIABILITIES	$1.5B
Common Stock	$18M
Additional Paid-In Capital	$38M
Retained Earnings	$122M
Treasury Stock	-$728.0K
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$168M
Minority Interest	$0
TOTAL EQUITY	$168M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$118M
Net Debt	$77M