FCCO FY 2021 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2021 Earnings

Reported March 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$57M	—	$54M	—	6.5%
Op. Income	$20M	—	$13M	—	56.0%
Gross Margin	95.5%	—	86.2%	—	9.3pp
Net Margin	27.0%	—	18.8%	—	8.2pp
EPS (Diluted)	$2.05	—	$1.35	—	51.9%
Free Cash Flow	$57M	—	-$18M	—	415.0%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$3M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$8M
Operating Expenses	$35M
Cost & Expenses	$38M
OPERATING INCOME	$20M
Interest Income	$48M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$20M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$3M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$26M
SG&A Expenses	$27M
Other Expenses	$8M
Operating Expenses	$35M
Cost & Expenses	$38M
OPERATING INCOME	$20M
Interest Income	$48M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$20M
EBITDA	$22M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$40M
Change in Working Capital	$279.0K
OPERATING CASH FLOW	$58M
Capital Expenditure	-$813.0K
Acquisitions (Net)	$0
Purchases of Investments	-$271M
Sales/Maturities of Investments	$54M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	-$236M
Net Debt Issuance	$13M
Common Stock Repurchased	-$70.0K
Common Dividends Paid	-$4M
Other Financing Activities	$172M
NET CASH FROM FINANCING	$182M
FREE CASH FLOW	$57M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$565M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$634M
PP&E (Net)	$36M
Goodwill	$15M
Intangible Assets	$919.0K
Long-Term Investments	$861M
Tax Assets	$0
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$951M
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$54M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$1.4B
Common Stock	$8M
Additional Paid-In Capital	$92M
Retained Earnings	$38M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	-$294.0K
TOTAL STOCKHOLDERS' EQUITY	$141M
Minority Interest	$0
TOTAL EQUITY	$141M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$72M
Net Debt	$3M