FMAO FY 2007 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2007 Earnings

Reported March 5, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$52M	—	$49M	—	6.4%
Op. Income	$11M	—	$11M	—	-6.1%
Gross Margin	56.4%	—	60.9%	—	-4.5pp
Net Margin	14.9%	—	16.7%	—	-1.8pp
EPS (Diluted)	$0.76	—	$0.78	—	-2.6%
Free Cash Flow	$6M	—	$13M	—	-54.7%

Revenue Flow

Item	Amount
REVENUE	$52M
Cost of Revenue	$23M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$8M
Operating Expenses	$19M
Cost & Expenses	$41M
OPERATING INCOME	$11M
Interest Income	$45M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$1M
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$52M
Cost of Revenue	$23M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$8M
Operating Expenses	$19M
Cost & Expenses	$41M
OPERATING INCOME	$11M
Interest Income	$45M
Interest Expense	$22M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$1M
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	-$170.0K
Other Non-Cash Items	-$337.0K
Change in Working Capital	$0
OPERATING CASH FLOW	$9M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$96M
Sales/Maturities of Investments	$81M
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$16M
Net Debt Issuance	$15M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$3M
Other Financing Activities	$12M
NET CASH FROM FINANCING	$19M
FREE CASH FLOW	$6M
Net Change in Cash	$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$0
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42M
PP&E (Net)	$17M
Goodwill	$21M
Intangible Assets	$0
Long-Term Investments	$713M
Tax Assets	$0
Other Non-Current Assets	$27M
TOTAL NON-CURRENT ASSETS	$762M
TOTAL ASSETS	$804M
Account Payables	$0
Short-Term Debt	$41M
Deferred Revenue	$0
Other Current Liabilities	$635M
TOTAL CURRENT LIABILITIES	$677M
Long-Term Debt	$32M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$38M
TOTAL LIABILITIES	$715M
Common Stock	$0
Additional Paid-In Capital	$13M
Retained Earnings	$82M
Treasury Stock	-$5M
Accum. Other Comp. Income	$489.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$89M
Minority Interest	$0
TOTAL EQUITY	$89M
TOTAL LIABILITIES & EQUITY	$804M
Total Debt	$73M
Net Debt	$51M