FCCO FY 2020 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2020 Earnings

Reported March 12, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$54M	—	$52M	—	3.8%
Op. Income	$13M	—	$14M	—	-8.9%
Gross Margin	86.2%	—	88.6%	—	-2.4pp
Net Margin	18.8%	—	21.2%	—	-2.4pp
EPS (Diluted)	$1.35	—	$1.45	—	-6.9%
Free Cash Flow	-$18M	—	$2M	—	-992.4%

Revenue Flow

Item	Amount
REVENUE	$54M
Cost of Revenue	$7M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$8M
Operating Expenses	$34M
Cost & Expenses	$41M
OPERATING INCOME	$13M
Interest Income	$44M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$2M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$54M
Cost of Revenue	$7M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$25M
SG&A Expenses	$26M
Other Expenses	$8M
Operating Expenses	$34M
Cost & Expenses	$41M
OPERATING INCOME	$13M
Interest Income	$44M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$2M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$29M
Change in Working Capital	-$570.0K
OPERATING CASH FLOW	-$17M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$112M
Sales/Maturities of Investments	$48M
Other Investing Activities	-$107M
NET CASH FROM INVESTING	-$172M
Net Debt Issuance	-$211.0K
Common Stock Repurchased	-$15.0K
Common Dividends Paid	-$4M
Other Financing Activities	$209M
NET CASH FROM FINANCING	$206M
FREE CASH FLOW	-$18M
Net Change in Cash	$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$360M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$425M
PP&E (Net)	$37M
Goodwill	$15M
Intangible Assets	$1M
Long-Term Investments	$881M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$971M
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$29M
TOTAL LIABILITIES	$1.3B
Common Stock	$8M
Additional Paid-In Capital	$91M
Retained Earnings	$26M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	-$283.0K
TOTAL STOCKHOLDERS' EQUITY	$136M
Minority Interest	$0
TOTAL EQUITY	$136M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$59M
Net Debt	-$6M