FMNB FY 2012 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2012 Earnings

Reported March 13, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$56M	—	$57M	—	-2.3%
Op. Income	$13M	—	$12M	—	10.5%
Gross Margin	87.5%	—	79.8%	—	7.7pp
Net Margin	17.8%	—	16.2%	—	1.7pp
EPS (Diluted)	$0.53	—	$0.50	—	6.0%
Free Cash Flow	$8M	—	$10M	—	-25.3%

Revenue Flow

Item	Amount
REVENUE	$56M
Cost of Revenue	$7M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$973.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$14M
Operating Expenses	$36M
Cost & Expenses	$43M
OPERATING INCOME	$13M
Interest Income	$43M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$56M
Cost of Revenue	$7M
GROSS PROFIT	$49M
R&D Expenses	$0
Selling & Marketing	$973.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$14M
Operating Expenses	$36M
Cost & Expenses	$43M
OPERATING INCOME	$13M
Interest Income	$43M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$3M
Net Income from Continuing Ops	$10M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$10M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$10M
D&A	$2M
EBIT	$13M
EBITDA	$15M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$10M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$1M
Change in Working Capital	$457.0K
OPERATING CASH FLOW	$11M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$237M
Sales/Maturities of Investments	$176M
Other Investing Activities	-$17M
NET CASH FROM INVESTING	-$82M
Net Debt Issuance	-$19M
Common Stock Repurchased	-$42.0K
Common Dividends Paid	-$3M
Other Financing Activities	$79M
NET CASH FROM FINANCING	$57M
FREE CASH FLOW	$8M
Net Change in Cash	-$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$464M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$478M
PP&E (Net)	$18M
Goodwill	$4M
Intangible Assets	$2M
Long-Term Investments	$583M
Tax Assets	$0
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$661M
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$80M
Deferred Revenue	$0
Other Current Liabilities	$919M
TOTAL CURRENT LIABILITIES	$999M
Long-Term Debt	$10M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$1.0B
Common Stock	$105M
Additional Paid-In Capital	$105M
Retained Earnings	$9M
Treasury Stock	-$42.0K
Accum. Other Comp. Income	-$97M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$121M
Minority Interest	$0
TOTAL EQUITY	$121M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$90M
Net Debt	$76M