FNWD FY 2014 Earnings Report — Finward Bancorp Revenue & Financial Results | Market Cap Arena

Finward BancorpFNWD

FY 2014 Earnings

Reported February 24, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$33M	—	$32M	—	5.5%
Op. Income	$10M	—	$10M	—	0.3%
Gross Margin	91.9%	—	93.1%	—	-1.2pp
Net Margin	22.2%	—	22.6%	—	-0.4pp
EPS (Diluted)	$2.60	—	$2.51	—	3.6%
Free Cash Flow	$9M	—	$10M	—	-14.2%

Revenue Flow

Item	Amount
REVENUE	$33M
Cost of Revenue	$3M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$496.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$9M
Operating Expenses	$21M
Cost & Expenses	$24M
OPERATING INCOME	$10M
Interest Income	$27M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$10M
EBITDA	$12M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$33M
Cost of Revenue	$3M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$496.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$9M
Operating Expenses	$21M
Cost & Expenses	$24M
OPERATING INCOME	$10M
Interest Income	$27M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$10M
EBITDA	$12M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$61.0K
Deferred Income Tax	$316.0K
Other Non-Cash Items	-$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$10M
Capital Expenditure	-$859.0K
Acquisitions (Net)	$3M
Purchases of Investments	-$69M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$7M
Common Stock Repurchased	-$31.0K
Common Dividends Paid	-$3M
Other Financing Activities	$23M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$9M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$220M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$237M
PP&E (Net)	$18M
Goodwill	$2M
Intangible Assets	$0
Long-Term Investments	$485M
Tax Assets	$0
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$538M
TOTAL ASSETS	$775M
Account Payables	$0
Short-Term Debt	$18M
Deferred Revenue	$0
Other Current Liabilities	$634M
TOTAL CURRENT LIABILITIES	$662M
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$36M
TOTAL LIABILITIES	$699M
Common Stock	$361.0K
Additional Paid-In Capital	$4M
Retained Earnings	$70M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$76M
Minority Interest	$0
TOTAL EQUITY	$76M
TOTAL LIABILITIES & EQUITY	$775M
Total Debt	$54M
Net Debt	$40M