FMAO FY 2021 Earnings Report — Farmers & Merchants Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Farmers & Merchants Bancorp, Inc.FMAO

FY 2021 Earnings

Reported February 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$92M	—	$85M	—	8.1%
Op. Income	$29M	—	$25M	—	17.0%
Gross Margin	88.3%	—	79.6%	—	8.7pp
Net Margin	25.5%	—	23.6%	—	1.9pp
EPS (Diluted)	$2.01	—	$1.80	—	11.7%
Free Cash Flow	$33M	—	$24M	—	35.7%

Revenue Flow

Item	Amount
REVENUE	$92M
Cost of Revenue	$11M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	$14M
Operating Expenses	$52M
Cost & Expenses	$63M
OPERATING INCOME	$29M
Interest Income	$77M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$6M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$5M
EBIT	$29M
EBITDA	$34M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$92M
Cost of Revenue	$11M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$37M
SG&A Expenses	$38M
Other Expenses	$14M
Operating Expenses	$52M
Cost & Expenses	$63M
OPERATING INCOME	$29M
Interest Income	$77M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$6M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$5M
EBIT	$29M
EBITDA	$34M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$5M
Stock-Based Compensation	$895.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$35M
Capital Expenditure	-$2M
Acquisitions (Net)	-$12M
Purchases of Investments	-$171M
Sales/Maturities of Investments	$66M
Other Investing Activities	-$146M
NET CASH FROM INVESTING	-$266M
Net Debt Issuance	$74M
Common Stock Repurchased	-$338.0K
Common Dividends Paid	-$8M
Other Financing Activities	$170M
NET CASH FROM FINANCING	$236M
FREE CASH FLOW	$33M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$146M
Short-Term Investments	$430M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$576M
PP&E (Net)	$27M
Goodwill	$80M
Intangible Assets	$3M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$94M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.6B
Account Payables	$0
Short-Term Debt	$29M
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$99M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$99M
TOTAL LIABILITIES	$2.3B
Common Stock	$123M
Additional Paid-In Capital	$0
Retained Earnings	$189M
Treasury Stock	-$12M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$297M
Minority Interest	$0
TOTAL EQUITY	$297M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$128M
Net Debt	-$19M