FCCO FY 2017 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2017 Earnings

Reported March 14, 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	$41M	—	$38M	—	7.1%
Op. Income	$9M	—	$9M	—	3.3%
Gross Margin	91.9%	—	90.0%	—	2.0pp
Net Margin	14.2%	—	17.5%	—	-3.3pp
EPS (Diluted)	$0.83	—	$0.98	—	-15.3%
Free Cash Flow	$15M	—	$4M	—	292.0%

Revenue Flow

Item	Amount
REVENUE	$41M
Cost of Revenue	$3M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$901.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$9M
Operating Expenses	$28M
Cost & Expenses	$32M
OPERATING INCOME	$9M
Interest Income	$32M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$41M
Cost of Revenue	$3M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$901.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$9M
Operating Expenses	$28M
Cost & Expenses	$32M
OPERATING INCOME	$9M
Interest Income	$32M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	$7M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$3M
Acquisitions (Net)	$22M
Purchases of Investments	-$31M
Sales/Maturities of Investments	$61M
Other Investing Activities	-$41M
NET CASH FROM INVESTING	$9M
Net Debt Issuance	-$10M
Common Stock Repurchased	-$408.0K
Common Dividends Paid	-$2M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$19M
FREE CASH FLOW	$15M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$30M
Short-Term Investments	$265M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$295M
PP&E (Net)	$36M
Goodwill	$15M
Intangible Assets	$3M
Long-Term Investments	$666M
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$756M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$19M
Deferred Revenue	$0
Other Current Liabilities	$888M
TOTAL CURRENT LIABILITIES	$908M
Long-Term Debt	$29M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$945M
Common Stock	$8M
Additional Paid-In Capital	$95M
Retained Earnings	$4M
Treasury Stock	$0
Accum. Other Comp. Income	-$444.0K
Other Equity	-$63.0K
TOTAL STOCKHOLDERS' EQUITY	$106M
Minority Interest	$0
TOTAL EQUITY	$106M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$48M
Net Debt	$18M