CZFS FY 2011 Earnings Report — Citizens Financial Services, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Services, Inc.CZFS

FY 2011 Earnings

Reported December 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$45M	—	$45M	—	-0.2%
Op. Income	$16M	—	$15M	—	12.2%
Gross Margin	77.1%	—	72.2%	—	4.9pp
Net Margin	28.4%	—	25.4%	—	3.0pp
EPS (Diluted)	$3.62	—	$3.23	—	12.1%
Free Cash Flow	$15M	—	$12M	—	29.1%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$10M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$8M
Operating Expenses	$18M
Cost & Expenses	$29M
OPERATING INCOME	$16M
Interest Income	$38M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$469.0K
EBIT	$16M
EBITDA	$17M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$10M
GROSS PROFIT	$35M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$8M
Operating Expenses	$18M
Cost & Expenses	$29M
OPERATING INCOME	$16M
Interest Income	$38M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$469.0K
EBIT	$16M
EBITDA	$17M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$469.0K
Stock-Based Compensation	$209.0K
Deferred Income Tax	$98.0K
Other Non-Cash Items	$2M
Change in Working Capital	$98.0K
OPERATING CASH FLOW	$16M
Capital Expenditure	-$682.0K
Acquisitions (Net)	$0
Purchases of Investments	-$162M
Sales/Maturities of Investments	$100M
Other Investing Activities	-$14M
NET CASH FROM INVESTING	-$76M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$3M
Other Financing Activities	$53M
NET CASH FROM FINANCING	$47M
FREE CASH FLOW	$15M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$319M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$353M
PP&E (Net)	$12M
Goodwill	$10M
Intangible Assets	$0
Long-Term Investments	$481M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$526M
TOTAL ASSETS	$879M
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$734M
TOTAL CURRENT LIABILITIES	$736M
Long-Term Debt	$54M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$797M
Common Stock	$3M
Additional Paid-In Capital	$15M
Retained Earnings	$63M
Treasury Stock	-$5M
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$81M
Minority Interest	$0
TOTAL EQUITY	$81M
TOTAL LIABILITIES & EQUITY	$879M
Total Debt	$54M
Net Debt	$23M