FCCO FY 2014 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2014 Earnings

Reported March 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$35M	—	$30M	—	19.0%
Op. Income	$7M	—	$5M	—	34.3%
Gross Margin	87.4%	—	85.6%	—	1.8pp
Net Margin	14.5%	—	13.9%	—	0.6pp
EPS (Diluted)	$0.78	—	$0.78	—	0.0%
Free Cash Flow	$9M	—	$13M	—	-32.2%

Revenue Flow

Item	Amount
REVENUE	$35M
Cost of Revenue	$4M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$738.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$8M
Operating Expenses	$24M
Cost & Expenses	$28M
OPERATING INCOME	$7M
Interest Income	$27M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$35M
Cost of Revenue	$4M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$738.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$8M
Operating Expenses	$24M
Cost & Expenses	$28M
OPERATING INCOME	$7M
Interest Income	$27M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$5M
Change in Working Capital	$983.0K
OPERATING CASH FLOW	$12M
Capital Expenditure	-$3M
Acquisitions (Net)	-$11M
Purchases of Investments	-$117M
Sales/Maturities of Investments	$87M
Other Investing Activities	$9M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	-$24M
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$56M
NET CASH FROM FINANCING	$32M
FREE CASH FLOW	$9M
Net Change in Cash	$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$270M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$292M
PP&E (Net)	$29M
Goodwill	$5M
Intangible Assets	$2M
Long-Term Investments	$458M
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$520M
TOTAL ASSETS	$812M
Account Payables	$0
Short-Term Debt	$17M
Deferred Revenue	$0
Other Current Liabilities	$670M
TOTAL CURRENT LIABILITIES	$687M
Long-Term Debt	$44M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$738M
Common Stock	$7M
Additional Paid-In Capital	$76M
Retained Earnings	-$8M
Treasury Stock	$0
Accum. Other Comp. Income	$1M
Other Equity	-$625.0K
TOTAL STOCKHOLDERS' EQUITY	$75M
Minority Interest	$0
TOTAL EQUITY	$75M
TOTAL LIABILITIES & EQUITY	$812M
Total Debt	$62M
Net Debt	$40M