FMNB FY 2011 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2011 Earnings

Reported March 14, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$57M	—	$62M	—	-7.5%
Op. Income	$12M	—	$12M	—	1.9%
Gross Margin	79.8%	—	69.0%	—	10.8pp
Net Margin	16.2%	—	14.6%	—	1.6pp
EPS (Diluted)	$0.50	—	$0.66	—	-24.2%
Free Cash Flow	$10M	—	$17M	—	-39.3%

Revenue Flow

Item	Amount
REVENUE	$57M
Cost of Revenue	$11M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$835.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$15M
Operating Expenses	$34M
Cost & Expenses	$45M
OPERATING INCOME	$12M
Interest Income	$44M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$57M
Cost of Revenue	$11M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$835.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$15M
Operating Expenses	$34M
Cost & Expenses	$45M
OPERATING INCOME	$12M
Interest Income	$44M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$12M
Income Tax Expense	$3M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$12M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	$912.0K
OPERATING CASH FLOW	$14M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$172M
Sales/Maturities of Investments	$94M
Other Investing Activities	$12M
NET CASH FROM INVESTING	-$69M
Net Debt Issuance	-$21M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$80M
NET CASH FROM FINANCING	$70M
FREE CASH FLOW	$10M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$400M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$414M
PP&E (Net)	$16M
Goodwill	$4M
Intangible Assets	$3M
Long-Term Investments	$563M
Tax Assets	$0
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$654M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$98M
Deferred Revenue	$0
Other Current Liabilities	$840M
TOTAL CURRENT LIABILITIES	$938M
Long-Term Debt	$11M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$953M
Common Stock	$104M
Additional Paid-In Capital	$104M
Retained Earnings	$2M
Treasury Stock	$0
Accum. Other Comp. Income	-$96M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$114M
Minority Interest	$0
TOTAL EQUITY	$114M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$109M
Net Debt	$95M