FMNB FY 2015 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2015 Earnings

Reported March 10, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$72M	—	$56M	—	28.3%
Op. Income	$11M	—	$12M	—	-9.0%
Gross Margin	89.5%	—	88.5%	—	1.0pp
Net Margin	11.2%	—	15.9%	—	-4.8pp
EPS (Diluted)	$0.36	—	$0.48	—	-25.0%
Free Cash Flow	$5M	—	$11M	—	-55.5%

Revenue Flow

Item	Amount
REVENUE	$72M
Cost of Revenue	$8M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$30M
Other Expenses	$24M
Operating Expenses	$54M
Cost & Expenses	$62M
OPERATING INCOME	$11M
Interest Income	$54M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$3M
EBIT	$11M
EBITDA	$13M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$72M
Cost of Revenue	$8M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$28M
SG&A Expenses	$30M
Other Expenses	$24M
Operating Expenses	$54M
Cost & Expenses	$62M
OPERATING INCOME	$11M
Interest Income	$54M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$3M
EBIT	$11M
EBITDA	$13M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$3M
Stock-Based Compensation	$486.0K
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$6M
Capital Expenditure	-$1M
Acquisitions (Net)	$30M
Purchases of Investments	-$73M
Sales/Maturities of Investments	$166M
Other Investing Activities	-$144M
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	$93M
Common Stock Repurchased	-$213.0K
Common Dividends Paid	-$3M
Other Financing Activities	-$45M
NET CASH FROM FINANCING	$45M
FREE CASH FLOW	$5M
Net Change in Cash	$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$23M
Short-Term Investments	$394M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$417M
PP&E (Net)	$24M
Goodwill	$35M
Intangible Assets	$8M
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$96M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.9B
Account Payables	$0
Short-Term Debt	$226M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.6B
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$1.7B
Common Stock	$176M
Additional Paid-In Capital	$176M
Retained Earnings	$26M
Treasury Stock	-$5M
Accum. Other Comp. Income	-$176M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$198M
Minority Interest	$0
TOTAL EQUITY	$198M
TOTAL LIABILITIES & EQUITY	$1.9B
Total Debt	$248M
Net Debt	$225M