FNWD FY 2011 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2011 Earnings

Reported February 22, 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	$33M	—	$36M	—	-7.7%
Op. Income	$7M	—	$6M	—	9.8%
Gross Margin	79.7%	—	70.7%	—	9.0pp
Net Margin	16.2%	—	14.4%	—	1.8pp
EPS (Diluted)	$1.90	—	$1.83	—	3.8%
Free Cash Flow	$14M	—	$13M	—	12.7%

Revenue Flow

Item	Amount
REVENUE	$33M
Cost of Revenue	$7M
GROSS PROFIT	$26M
R&D Expenses	$0
Selling & Marketing	$403.0K
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$9M
Operating Expenses	$20M
Cost & Expenses	$27M
OPERATING INCOME	$7M
Interest Income	$27M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$1M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$2M
EBIT	$7M
EBITDA	$9M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$33M
Cost of Revenue	$7M
GROSS PROFIT	$26M
R&D Expenses	$0
Selling & Marketing	$403.0K
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$9M
Operating Expenses	$20M
Cost & Expenses	$27M
OPERATING INCOME	$7M
Interest Income	$27M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$1M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$2M
EBIT	$7M
EBITDA	$9M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$2M
Stock-Based Compensation	$33.0K
Deferred Income Tax	$318.0K
Other Non-Cash Items	$2M
Change in Working Capital	$5M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$417.0K
Acquisitions (Net)	$0
Purchases of Investments	-$89M
Sales/Maturities of Investments	$67M
Other Investing Activities	$14M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$7M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$14M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$21M
Short-Term Investments	$187M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$212M
PP&E (Net)	$18M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$393M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$440M
TOTAL ASSETS	$652M
Account Payables	$0
Short-Term Debt	$15M
Deferred Revenue	$0
Other Current Liabilities	$527M
TOTAL CURRENT LIABILITIES	$552M
Long-Term Debt	$37M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$37M
TOTAL LIABILITIES	$589M
Common Stock	$361.0K
Additional Paid-In Capital	$5M
Retained Earnings	$56M
Treasury Stock	-$1M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$63M
Minority Interest	$0
TOTAL EQUITY	$63M
TOTAL LIABILITIES & EQUITY	$652M
Total Debt	$52M
Net Debt	$31M