FCCO FY 2018 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2018 Earnings

Reported March 14, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$48M	—	$41M	—	17.7%
Op. Income	$14M	—	$9M	—	52.2%
Gross Margin	91.0%	—	91.9%	—	-0.9pp
Net Margin	23.4%	—	14.2%	—	9.1pp
EPS (Diluted)	$1.45	—	$0.83	—	74.7%
Free Cash Flow	$19M	—	$15M	—	21.1%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$4M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$919.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$8M
Operating Expenses	$30M
Cost & Expenses	$34M
OPERATING INCOME	$14M
Interest Income	$40M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$4M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$919.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$8M
Operating Expenses	$30M
Cost & Expenses	$34M
OPERATING INCOME	$14M
Interest Income	$40M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	$3M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$64M
Sales/Maturities of Investments	$87M
Other Investing Activities	-$69M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$14M
Common Stock Repurchased	-$57.0K
Common Dividends Paid	-$3M
Other Financing Activities	$46M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$19M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$238M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$270M
PP&E (Net)	$35M
Goodwill	$15M
Intangible Assets	$2M
Long-Term Investments	$734M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$821M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$28M
Deferred Revenue	$0
Other Current Liabilities	$926M
TOTAL CURRENT LIABILITIES	$954M
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$979M
Common Stock	$8M
Additional Paid-In Capital	$95M
Retained Earnings	$12M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	-$118.0K
TOTAL STOCKHOLDERS' EQUITY	$112M
Minority Interest	$0
TOTAL EQUITY	$112M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$43M
Net Debt	$11M