FMAO FY 2020 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$85M	—	$78M	—	8.8%
Op. Income	$25M	—	$23M	—	10.7%
Gross Margin	79.6%	—	79.7%	—	-0.1pp
Net Margin	23.6%	—	23.5%	—	0.1pp
EPS (Diluted)	$1.80	—	$1.66	—	8.4%
Free Cash Flow	$24M	—	$20M	—	18.3%

Revenue Flow

Item	Amount
REVENUE	$85M
Cost of Revenue	$17M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$11M
Operating Expenses	$43M
Cost & Expenses	$60M
OPERATING INCOME	$25M
Interest Income	$70M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$25M
EBITDA	$30M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$85M
Cost of Revenue	$17M
GROSS PROFIT	$68M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$31M
SG&A Expenses	$32M
Other Expenses	$11M
Operating Expenses	$43M
Cost & Expenses	$60M
OPERATING INCOME	$25M
Interest Income	$70M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$5M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$25M
EBITDA	$30M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	-$2M
Other Non-Cash Items	$5M
Change in Working Capital	-$932.0K
OPERATING CASH FLOW	$27M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$184M
Sales/Maturities of Investments	$103M
Other Investing Activities	-$94M
NET CASH FROM INVESTING	-$178M
Net Debt Issuance	-$7M
Common Stock Repurchased	-$383.0K
Common Dividends Paid	-$7M
Other Financing Activities	$290M
NET CASH FROM FINANCING	$275M
FREE CASH FLOW	$24M
Net Change in Cash	$124M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$308M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$411M
PP&E (Net)	$27M
Goodwill	$47M
Intangible Assets	$3M
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$118M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.9B
Account Payables	$0
Short-Term Debt	$30M
Deferred Revenue	$0
Other Current Liabilities	$1.6B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$18M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$18M
TOTAL LIABILITIES	$1.7B
Common Stock	$82M
Additional Paid-In Capital	$0
Retained Earnings	$174M
Treasury Stock	-$12M
Accum. Other Comp. Income	$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$249M
Minority Interest	$0
TOTAL EQUITY	$249M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$48M
Net Debt	-$55M