ASRV FY 2015 Earnings Report — AmeriServ Financial, Inc. Revenue & Financial Results | Market Cap Arena

AmeriServ Financial, Inc.ASRV

FY 2015 Earnings

Reported March 8, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$57M	—	$55M	—	4.4%
Op. Income	$8M	—	$5M	—	80.5%
Gross Margin	86.4%	—	87.6%	—	-1.2pp
Net Margin	10.5%	—	5.5%	—	5.0pp
EPS (Diluted)	$0.31	—	$0.15	—	106.7%
Free Cash Flow	$9M	—	$3M	—	176.1%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$8M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$16M
Operating Expenses	$41M
Cost & Expenses	$49M
OPERATING INCOME	$8M
Interest Income	$42M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$2M
EBIT	$8M
EBITDA	$10M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$8M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$25M
SG&A Expenses	$25M
Other Expenses	$16M
Operating Expenses	$41M
Cost & Expenses	$49M
OPERATING INCOME	$8M
Interest Income	$42M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$2M
EBIT	$8M
EBITDA	$10M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$2M
Stock-Based Compensation	$186.0K
Deferred Income Tax	$888.0K
Other Non-Cash Items	$956.0K
Change in Working Capital	$15.0K
OPERATING CASH FLOW	$10M
Capital Expenditure	-$881.0K
Acquisitions (Net)	$0
Purchases of Investments	-$28M
Sales/Maturities of Investments	$33M
Other Investing Activities	-$53M
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	$23M
Common Stock Repurchased	$0
Common Dividends Paid	-$754.0K
Other Financing Activities	$33M
NET CASH FROM FINANCING	$56M
FREE CASH FLOW	$9M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$119M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$171M
PP&E (Net)	$12M
Goodwill	$12M
Intangible Assets	$0
Long-Term Investments	$895M
Tax Assets	$9M
Other Non-Current Assets	$49M
TOTAL NON-CURRENT ASSETS	$977M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$49M
Deferred Revenue	$0
Other Current Liabilities	$903M
TOTAL CURRENT LIABILITIES	$952M
Long-Term Debt	$68M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$77M
TOTAL LIABILITIES	$1.0B
Common Stock	$265.0K
Additional Paid-In Capital	$145M
Retained Earnings	$35M
Treasury Stock	-$75M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$119M
Minority Interest	$0
TOTAL EQUITY	$119M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$117M
Net Debt	$69M