FMAO FY 2019 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2019 Earnings

Reported February 26, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$78M	—	$56M	—	40.1%
Op. Income	$23M	—	$18M	—	24.7%
Gross Margin	79.7%	—	87.7%	—	-8.0pp
Net Margin	23.5%	—	26.7%	—	-3.2pp
EPS (Diluted)	$1.66	—	$1.61	—	3.1%
Free Cash Flow	$20M	—	$8M	—	151.8%

Revenue Flow

Item	Amount
REVENUE	$78M
Cost of Revenue	$16M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$28M
SG&A Expenses	$30M
Other Expenses	$10M
Operating Expenses	$40M
Cost & Expenses	$56M
OPERATING INCOME	$23M
Interest Income	$68M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$4M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$78M
Cost of Revenue	$16M
GROSS PROFIT	$62M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$28M
SG&A Expenses	$30M
Other Expenses	$10M
Operating Expenses	$40M
Cost & Expenses	$56M
OPERATING INCOME	$23M
Interest Income	$68M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$4M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	$292.0K
Other Non-Cash Items	-$5M
Change in Working Capital	$6M
OPERATING CASH FLOW	$24M
Capital Expenditure	-$4M
Acquisitions (Net)	-$2M
Purchases of Investments	-$110M
Sales/Maturities of Investments	$78M
Other Investing Activities	-$112M
NET CASH FROM INVESTING	-$149M
Net Debt Issuance	-$24M
Common Stock Repurchased	-$381.0K
Common Dividends Paid	-$6M
Other Financing Activities	$169M
NET CASH FROM FINANCING	$138M
FREE CASH FLOW	$20M
Net Change in Cash	$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$54M
Short-Term Investments	$222M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$277M
PP&E (Net)	$26M
Goodwill	$47M
Intangible Assets	$3M
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.6B
Account Payables	$0
Short-Term Debt	$48M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$25M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$1.4B
Common Stock	$82M
Additional Paid-In Capital	$0
Retained Earnings	$160M
Treasury Stock	-$12M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$230M
Minority Interest	$0
TOTAL EQUITY	$230M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$73M
Net Debt	$18M