FNWD FY 2008 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2008 Earnings

Reported March 11, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$40M	—	$40M	—	-1.3%
Op. Income	$7M	—	$7M	—	1.9%
Gross Margin	61.4%	—	54.1%	—	7.3pp
Net Margin	14.9%	—	13.9%	—	1.0pp
EPS (Diluted)	$2.10	—	$1.98	—	6.1%
Free Cash Flow	$8M	—	$5M	—	54.0%

Revenue Flow

Item	Amount
REVENUE	$40M
Cost of Revenue	$15M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$405.0K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$7M
Operating Expenses	$17M
Cost & Expenses	$32M
OPERATING INCOME	$7M
Interest Income	$35M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$1M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$40M
Cost of Revenue	$15M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$405.0K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$7M
Operating Expenses	$17M
Cost & Expenses	$32M
OPERATING INCOME	$7M
Interest Income	$35M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$1M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$7M
EBITDA	$9M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$57.0K
Deferred Income Tax	$0
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$12M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$54M
Sales/Maturities of Investments	$40M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$226.0K
Common Dividends Paid	-$4M
Other Financing Activities	$35M
NET CASH FROM FINANCING	$29M
FREE CASH FLOW	$8M
Net Change in Cash	-$815.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$14M
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$610M
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$650M
TOTAL ASSETS	$665M
Account Payables	$0
Short-Term Debt	$26M
Deferred Revenue	$0
Other Current Liabilities	$528M
TOTAL CURRENT LIABILITIES	$563M
Long-Term Debt	$49M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$612M
Common Stock	$0
Additional Paid-In Capital	$5M
Retained Earnings	$50M
Treasury Stock	-$2M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$53M
Minority Interest	$0
TOTAL EQUITY	$53M
TOTAL LIABILITIES & EQUITY	$665M
Total Debt	$75M
Net Debt	$63M