FMAO FY 2016 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$48M	—	$44M	—	7.7%
Op. Income	$16M	—	$14M	—	15.3%
Gross Margin	88.8%	—	90.5%	—	-1.7pp
Net Margin	24.4%	—	23.3%	—	1.1pp
EPS (Diluted)	$1.26	—	$1.12	—	12.5%
Free Cash Flow	$10M	—	$13M	—	-23.4%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$5M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$727.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$6M
Operating Expenses	$26M
Cost & Expenses	$31M
OPERATING INCOME	$16M
Interest Income	$38M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$5M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$5M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$727.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$6M
Operating Expenses	$26M
Cost & Expenses	$31M
OPERATING INCOME	$16M
Interest Income	$38M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$5M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$2M
Stock-Based Compensation	$402.0K
Deferred Income Tax	$55.0K
Other Non-Cash Items	-$1M
Change in Working Capital	-$743.0K
OPERATING CASH FLOW	$12M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$115M
Sales/Maturities of Investments	$128M
Other Investing Activities	-$75M
NET CASH FROM INVESTING	-$64M
Net Debt Issuance	$0
Common Stock Repurchased	-$194.0K
Common Dividends Paid	-$4M
Other Financing Activities	$62M
NET CASH FROM FINANCING	$58M
FREE CASH FLOW	$10M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$219M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$246M
PP&E (Net)	$21M
Goodwill	$4M
Intangible Assets	$2M
Long-Term Investments	$757M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$808M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$70M
Deferred Revenue	$0
Other Current Liabilities	$842M
TOTAL CURRENT LIABILITIES	$920M
Long-Term Debt	$10M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$10M
TOTAL LIABILITIES	$930M
Common Stock	$12M
Additional Paid-In Capital	$12M
Retained Earnings	$128M
Treasury Stock	-$12M
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$126M
Minority Interest	$0
TOTAL EQUITY	$126M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$80M
Net Debt	$51M