FMNB FY 2018 Earnings Report — Farmers National Banc Corp. Revenue & Financial Results | Market Cap Arena

Farmers National Banc Corp.FMNB

FY 2018 Earnings

Reported March 5, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$117M	—	$105M	—	12.1%
Op. Income	$38M	—	$33M	—	15.4%
Gross Margin	86.1%	—	90.2%	—	-4.1pp
Net Margin	27.8%	—	21.7%	—	6.1pp
EPS (Diluted)	$1.16	—	$0.82	—	41.5%
Free Cash Flow	$38M	—	$30M	—	29.4%

Revenue Flow

Item	Amount
REVENUE	$117M
Cost of Revenue	$16M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$38M
SG&A Expenses	$39M
Other Expenses	$23M
Operating Expenses	$63M
Cost & Expenses	$79M
OPERATING INCOME	$38M
Interest Income	$91M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$6M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$38M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$117M
Cost of Revenue	$16M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$38M
SG&A Expenses	$39M
Other Expenses	$23M
Operating Expenses	$63M
Cost & Expenses	$79M
OPERATING INCOME	$38M
Interest Income	$91M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$38M
Income Tax Expense	$6M
Net Income from Continuing Ops	$33M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$33M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$33M
D&A	$3M
EBIT	$38M
EBITDA	$41M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$33M
Depreciation & Amortization	$3M
Stock-Based Compensation	$2M
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$450.0K
Acquisitions (Net)	$0
Purchases of Investments	-$71M
Sales/Maturities of Investments	$53M
Other Investing Activities	-$161M
NET CASH FROM INVESTING	-$179M
Net Debt Issuance	-$46M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$8M
Other Financing Activities	$195M
NET CASH FROM FINANCING	$141M
FREE CASH FLOW	$38M
Net Change in Cash	$312.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$402M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$420M
PP&E (Net)	$21M
Goodwill	$38M
Intangible Assets	$6M
Long-Term Investments	$1.7B
Tax Assets	$0
Other Non-Current Assets	$113M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$2.3B
Account Payables	$0
Short-Term Debt	$245M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$2.1B
Common Stock	$186M
Additional Paid-In Capital	$186M
Retained Earnings	$84M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$190M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$262M
Minority Interest	$0
TOTAL EQUITY	$262M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$251M
Net Debt	$233M