FMAO FY 2012 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2012 Earnings

Reported February 25, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$44M	—	$44M	—	1.7%
Op. Income	$14M	—	$11M	—	20.0%
Gross Margin	84.2%	—	77.3%	—	6.9pp
Net Margin	22.1%	—	19.6%	—	2.6pp
EPS (Diluted)	$1.04	—	$0.90	—	15.6%
Free Cash Flow	$12M	—	$14M	—	-12.7%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$7M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$6M
Operating Expenses	$24M
Cost & Expenses	$31M
OPERATING INCOME	$14M
Interest Income	$33M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
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	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$7M
GROSS PROFIT	$37M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$6M
Operating Expenses	$24M
Cost & Expenses	$31M
OPERATING INCOME	$14M
Interest Income	$33M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$4M
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	$14M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$2M
Stock-Based Compensation	$217.0K
Deferred Income Tax	-$126.0K
Other Non-Cash Items	$643.0K
Change in Working Capital	$1M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$134M
Sales/Maturities of Investments	$103M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$894.0K
Common Dividends Paid	-$4M
Other Financing Activities	$23M
NET CASH FROM FINANCING	$13M
FREE CASH FLOW	$12M
Net Change in Cash	$949.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$356M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$393M
PP&E (Net)	$18M
Goodwill	$4M
Intangible Assets	$2M
Long-Term Investments	$501M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$553M
TOTAL ASSETS	$947M
Account Payables	$0
Short-Term Debt	$51M
Deferred Revenue	$0
Other Current Liabilities	$763M
TOTAL CURRENT LIABILITIES	$825M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$836M
Common Stock	$13M
Additional Paid-In Capital	$13M
Retained Earnings	$103M
Treasury Stock	-$11M
Accum. Other Comp. Income	$6M
Other Equity	-$13M
TOTAL STOCKHOLDERS' EQUITY	$110M
Minority Interest	$0
TOTAL EQUITY	$110M
TOTAL LIABILITIES & EQUITY	$947M
Total Debt	$63M
Net Debt	$25M