FCCO FY 2013 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2013 Earnings

Reported March 21, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$30M	—	$31M	—	-3.4%
Op. Income	$5M	—	$6M	—	-5.3%
Gross Margin	85.6%	—	80.7%	—	4.9pp
Net Margin	13.9%	—	12.9%	—	1.0pp
EPS (Diluted)	$0.78	—	$0.79	—	-1.3%
Free Cash Flow	$13M	—	$5M	—	148.0%

Revenue Flow

Item	Amount
REVENUE	$30M
Cost of Revenue	$4M
GROSS PROFIT	$25M
R&D Expenses	$0
Selling & Marketing	$541.0K
General & Administrative	$13M
SG&A Expenses	$14M
Other Expenses	$6M
Operating Expenses	$20M
Cost & Expenses	$24M
OPERATING INCOME	$5M
Interest Income	$22M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$5M
Income Tax Expense	$1M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$1M
EBIT	$5M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$30M
Cost of Revenue	$4M
GROSS PROFIT	$25M
R&D Expenses	$0
Selling & Marketing	$541.0K
General & Administrative	$13M
SG&A Expenses	$14M
Other Expenses	$6M
Operating Expenses	$20M
Cost & Expenses	$24M
OPERATING INCOME	$5M
Interest Income	$22M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$5M
Income Tax Expense	$1M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$1M
EBIT	$5M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$11M
Change in Working Capital	$390.0K
OPERATING CASH FLOW	$16M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$95M
Sales/Maturities of Investments	$63M
Other Investing Activities	-$16M
NET CASH FROM INVESTING	-$51M
Net Debt Issuance	$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$25M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$13M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$224M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$238M
PP&E (Net)	$19M
Goodwill	$571.0K
Intangible Assets	$0
Long-Term Investments	$350M
Tax Assets	$0
Other Non-Current Assets	$25M
TOTAL NON-CURRENT ASSETS	$395M
TOTAL ASSETS	$633M
Account Payables	$0
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$497M
TOTAL CURRENT LIABILITIES	$516M
Long-Term Debt	$59M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$65M
TOTAL LIABILITIES	$581M
Common Stock	$5M
Additional Paid-In Capital	$62M
Retained Earnings	-$12M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	-$396.0K
TOTAL STOCKHOLDERS' EQUITY	$53M
Minority Interest	$0
TOTAL EQUITY	$53M
TOTAL LIABILITIES & EQUITY	$633M
Total Debt	$77M
Net Debt	$64M