FCCO FY 2019 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$52M	—	$48M	—	7.8%
Op. Income	$14M	—	$14M	—	-0.7%
Gross Margin	88.6%	—	91.0%	—	-2.4pp
Net Margin	21.2%	—	23.4%	—	-2.2pp
EPS (Diluted)	$1.45	—	$1.45	—	0.0%
Free Cash Flow	$2M	—	$19M	—	-89.0%

Revenue Flow

Item	Amount
REVENUE	$52M
Cost of Revenue	$6M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$9M
Operating Expenses	$32M
Cost & Expenses	$38M
OPERATING INCOME	$14M
Interest Income	$43M
Interest Expense	$6M
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	$52M
Cost of Revenue	$6M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$9M
Operating Expenses	$32M
Cost & Expenses	$38M
OPERATING INCOME	$14M
Interest Income	$43M
Interest Expense	$6M
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	-$6M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$5M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$113M
Sales/Maturities of Investments	$85M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	-$20.0K
Common Stock Repurchased	-$6M
Common Dividends Paid	-$3M
Other Financing Activities	$68M
NET CASH FROM FINANCING	$60M
FREE CASH FLOW	$2M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$287M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$334M
PP&E (Net)	$38M
Goodwill	$15M
Intangible Assets	$1M
Long-Term Investments	$744M
Tax Assets	$0
Other Non-Current Assets	$37M
TOTAL NON-CURRENT ASSETS	$836M
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$33M
Deferred Revenue	$0
Other Current Liabilities	$988M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$1.1B
Common Stock	$7M
Additional Paid-In Capital	$90M
Retained Earnings	$20M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	-$151.0K
TOTAL STOCKHOLDERS' EQUITY	$120M
Minority Interest	$0
TOTAL EQUITY	$120M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$52M
Net Debt	$4M