FCCO FY 2022 Earnings Report — First Community Corporation Revenue & Financial Results | Market Cap Arena

First Community CorporationFCCO

FY 2022 Earnings

Reported March 22, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$58M	—	$57M	—	1.9%
Op. Income	$18M	—	$20M	—	-6.3%
Gross Margin	94.8%	—	95.5%	—	-0.7pp
Net Margin	25.0%	—	27.0%	—	-2.0pp
EPS (Diluted)	$1.92	—	$2.05	—	-6.3%
Free Cash Flow	$21M	—	$57M	—	-63.4%

Revenue Flow

Item	Amount
REVENUE	$58M
Cost of Revenue	$3M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$27M
SG&A Expenses	$28M
Other Expenses	$9M
Operating Expenses	$37M
Cost & Expenses	$40M
OPERATING INCOME	$18M
Interest Income	$51M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
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	$18M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$58M
Cost of Revenue	$3M
GROSS PROFIT	$55M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$27M
SG&A Expenses	$28M
Other Expenses	$9M
Operating Expenses	$37M
Cost & Expenses	$40M
OPERATING INCOME	$18M
Interest Income	$51M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
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	$18M
EBITDA	$20M
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	$7M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$120M
Sales/Maturities of Investments	$74M
Other Investing Activities	-$116M
NET CASH FROM INVESTING	-$163M
Net Debt Issuance	$50M
Common Stock Repurchased	-$42.0K
Common Dividends Paid	-$4M
Other Financing Activities	$63M
NET CASH FROM FINANCING	$109M
FREE CASH FLOW	$21M
Net Change in Cash	-$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$37M
Short-Term Investments	$332M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$369M
PP&E (Net)	$34M
Goodwill	$15M
Intangible Assets	$761.0K
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$0
Short-Term Debt	$141M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$11M
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$1.6B
Common Stock	$8M
Additional Paid-In Capital	$93M
Retained Earnings	$49M
Treasury Stock	$0
Accum. Other Comp. Income	-$32M
Other Equity	$1M
TOTAL STOCKHOLDERS' EQUITY	$118M
Minority Interest	$0
TOTAL EQUITY	$118M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$159M
Net Debt	$121M