FRAF FY 2013 Earnings Report — Franklin Financial Services Corporation Revenue & Financial Results | Market Cap Arena

Franklin Financial Services CorporationFRAF

FY 2013 Earnings

Reported March 10, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$45M	—	$48M	—	-5.4%
Op. Income	$8M	—	$6M	—	28.1%
Gross Margin	83.9%	—	74.7%	—	9.2pp
Net Margin	13.7%	—	11.2%	—	2.6pp
EPS (Diluted)	$1.49	—	$1.31	—	13.7%
Free Cash Flow	$15M	—	$8M	—	80.0%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$7M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$38M
OPERATING INCOME	$8M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
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	$2M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$7M
GROSS PROFIT	$38M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$38M
OPERATING INCOME	$8M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
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	$2M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$348.0K
Other Non-Cash Items	$5M
Change in Working Capital	$2M
OPERATING CASH FLOW	$15M
Capital Expenditure	-$527.0K
Acquisitions (Net)	$0
Purchases of Investments	-$69M
Sales/Maturities of Investments	$37M
Other Investing Activities	$29M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$7.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$46M
NET CASH FROM FINANCING	-$49M
FREE CASH FLOW	$15M
Net Change in Cash	-$37M

Balance Sheet

Item	Amount
Cash & Equivalents	$41M
Short-Term Investments	$160M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$200M
PP&E (Net)	$16M
Goodwill	$9M
Intangible Assets	$698.0K
Long-Term Investments	$714M
Tax Assets	$5M
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$784M
TOTAL ASSETS	$985M
Account Payables	$0
Short-Term Debt	$24M
Deferred Revenue	$0
Other Current Liabilities	$846M
TOTAL CURRENT LIABILITIES	$870M
Long-Term Debt	$12M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$20M
TOTAL LIABILITIES	$889M
Common Stock	$5M
Additional Paid-In Capital	$37M
Retained Earnings	$66M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$95M
Minority Interest	$0
TOTAL EQUITY	$95M
TOTAL LIABILITIES & EQUITY	$985M
Total Debt	$36M
Net Debt	-$5M