FRAF FY 2012 Earnings Report — Franklin Financial Services Corporation Revenue & Financial Results | Market Cap Arena

Franklin Financial Services CorporationFRAF

FY 2012 Earnings

Reported March 11, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$48M	—	$52M	—	-7.2%
Op. Income	$6M	—	$7M	—	-15.8%
Gross Margin	74.7%	—	67.7%	—	7.0pp
Net Margin	11.2%	—	12.7%	—	-1.5pp
EPS (Diluted)	$1.31	—	$1.63	—	-19.6%
Free Cash Flow	$8M	—	$14M	—	-42.4%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$12M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$11M
Operating Expenses	$30M
Cost & Expenses	$42M
OPERATING INCOME	$6M
Interest Income	$39M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$512.0K
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	$6M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$12M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$11M
Operating Expenses	$30M
Cost & Expenses	$42M
OPERATING INCOME	$6M
Interest Income	$39M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$512.0K
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	$6M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$367.0K
Other Non-Cash Items	$524.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$44M
Sales/Maturities of Investments	$35M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	-$47M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$88M
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$8M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$133M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$211M
PP&E (Net)	$17M
Goodwill	$9M
Intangible Assets	$1M
Long-Term Investments	$743M
Tax Assets	$5M
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$816M
TOTAL ASSETS	$1.0B
Account Payables	$0
Short-Term Debt	$42M
Deferred Revenue	$0
Other Current Liabilities	$874M
TOTAL CURRENT LIABILITIES	$917M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$936M
Common Stock	$5M
Additional Paid-In Capital	$36M
Retained Earnings	$62M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$92M
Minority Interest	$0
TOTAL EQUITY	$92M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$55M
Net Debt	-$23M