FCCO FY 2016 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2016 Earnings

Reported March 13, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$38M	—	$37M	—	2.4%
Op. Income	$9M	—	$8M	—	5.3%
Gross Margin	90.0%	—	87.8%	—	2.2pp
Net Margin	17.5%	—	16.5%	—	1.1pp
EPS (Diluted)	$0.98	—	$0.91	—	7.7%
Free Cash Flow	$4M	—	$12M	—	-67.1%

Revenue Flow

Item	Amount
REVENUE	$38M
Cost of Revenue	$4M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$865.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$8M
Operating Expenses	$25M
Cost & Expenses	$29M
OPERATING INCOME	$9M
Interest Income	$30M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$38M
Cost of Revenue	$4M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$865.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$8M
Operating Expenses	$25M
Cost & Expenses	$29M
OPERATING INCOME	$9M
Interest Income	$30M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$1M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$5M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$66M
Sales/Maturities of Investments	$72M
Other Investing Activities	-$56M
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$1M
Common Stock Repurchased	-$353.0K
Common Dividends Paid	-$2M
Other Financing Activities	$49M
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	$4M
Net Change in Cash	-$942.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$253M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$275M
PP&E (Net)	$30M
Goodwill	$5M
Intangible Assets	$1M
Long-Term Investments	$567M
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$640M
TOTAL ASSETS	$915M
Account Payables	$0
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$767M
TOTAL CURRENT LIABILITIES	$786M
Long-Term Debt	$39M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$47M
TOTAL LIABILITIES	$833M
Common Stock	$7M
Additional Paid-In Capital	$76M
Retained Earnings	$573.0K
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	-$174.0K
TOTAL STOCKHOLDERS' EQUITY	$82M
Minority Interest	$0
TOTAL EQUITY	$82M
TOTAL LIABILITIES & EQUITY	$915M
Total Debt	$59M
Net Debt	$37M