CZFS FY 2017 Earnings Report — Citizens Financial Services, Inc. Revenue & Financial Results | Market Cap Arena

Citizens Financial Services, Inc.CZFS

FY 2017 Earnings

Reported March 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$57M	—	$51M	—	11.5%
Op. Income	$19M	—	$16M	—	21.6%
Gross Margin	85.2%	—	87.1%	—	-1.9pp
Net Margin	23.0%	—	24.8%	—	-1.9pp
EPS (Diluted)	$3.49	—	$3.36	—	3.9%
Free Cash Flow	$16M	—	$16M	—	-0.5%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$8M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$11M
Operating Expenses	$29M
Cost & Expenses	$38M
OPERATING INCOME	$19M
Interest Income	$48M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$6M
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	$200.0K
EBIT	$19M
EBITDA	$19M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$8M
GROSS PROFIT	$48M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$11M
Operating Expenses	$29M
Cost & Expenses	$38M
OPERATING INCOME	$19M
Interest Income	$48M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$6M
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	$200.0K
EBIT	$19M
EBITDA	$19M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$200.0K
Stock-Based Compensation	$278.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$675.0K
Change in Working Capital	$113.0K
OPERATING CASH FLOW	$16M
Capital Expenditure	-$208.0K
Acquisitions (Net)	-$4M
Purchases of Investments	-$63M
Sales/Maturities of Investments	$126M
Other Investing Activities	-$164M
NET CASH FROM INVESTING	-$105M
Net Debt Issuance	$35M
Common Stock Repurchased	-$979.0K
Common Dividends Paid	-$5M
Other Financing Activities	$62M
NET CASH FROM FINANCING	$90M
FREE CASH FLOW	$16M
Net Change in Cash	$763.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$255M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$288M
PP&E (Net)	$17M
Goodwill	$23M
Intangible Assets	$2M
Long-Term Investments	$991M
Tax Assets	$0
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$897.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$115M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$127M
TOTAL LIABILITIES	$1.2B
Common Stock	$4M
Additional Paid-In Capital	$51M
Retained Earnings	$90M
Treasury Stock	-$13M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$129M
Minority Interest	$0
TOTAL EQUITY	$129M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$115M
Net Debt	$86M