FUSB FY 2013 Earnings Report — First US Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

First US Bancshares, Inc.FUSB

FY 2013 Earnings

Reported March 21, 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	$39M	—	$44M	—	-13.1%
Op. Income	$5M	—	$3M	—	84.9%
Gross Margin	94.1%	—	79.9%	—	14.2pp
Net Margin	10.2%	—	5.0%	—	5.2pp
EPS (Diluted)	$0.65	—	$0.36	—	80.6%
Free Cash Flow	$11M	—	$16M	—	-32.3%

Revenue Flow

Item	Amount
REVENUE	$39M
Cost of Revenue	$2M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$33M
OPERATING INCOME	$5M
Interest Income	$34M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$5M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$717.0K
EBIT	$5M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$39M
Cost of Revenue	$2M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$18M
SG&A Expenses	$18M
Other Expenses	$12M
Operating Expenses	$31M
Cost & Expenses	$33M
OPERATING INCOME	$5M
Interest Income	$34M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$5M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$717.0K
EBIT	$5M
EBITDA	$6M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$717.0K
Stock-Based Compensation	$155.0K
Deferred Income Tax	$308.0K
Other Non-Cash Items	$2M
Change in Working Capital	$4M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$381.0K
Acquisitions (Net)	$0
Purchases of Investments	-$104M
Sales/Maturities of Investments	$43M
Other Investing Activities	$44M
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	$6M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$838.0K
FREE CASH FLOW	$11M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$48M
Short-Term Investments	$136M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$186M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$336M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$384M
TOTAL ASSETS	$570M
Account Payables	$266.0K
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$484M
TOTAL CURRENT LIABILITIES	$486M
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$500M
Common Stock	$73.0K
Additional Paid-In Capital	$9M
Retained Earnings	$81M
Treasury Stock	-$21M
Accum. Other Comp. Income	$529.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$70M
Minority Interest	-$13.0K
TOTAL EQUITY	$70M
TOTAL LIABILITIES & EQUITY	$570M
Total Debt	$6M
Net Debt	-$41M