FXNC FY 2012 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2012 Earnings

Reported March 25, 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	$30M	—	$31M	—	-2.7%
Op. Income	$4M	—	-$7M	—	152.8%
Gross Margin	74.2%	—	42.1%	—	32.1pp
Net Margin	9.3%	—	-35.6%	—	45.0pp
EPS (Diluted)	$0.49	—	$-4.01	—	112.2%
Free Cash Flow	$12M	—	$10M	—	17.1%

Revenue Flow

Item	Amount
REVENUE	$30M
Cost of Revenue	$8M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$430.0K
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$7M
Operating Expenses	$18M
Cost & Expenses	$26M
OPERATING INCOME	$4M
Interest Income	$23M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4M
Income Tax Expense	$965.0K
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$1M
EBIT	$4M
EBITDA	$5M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$30M
Cost of Revenue	$8M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$430.0K
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$7M
Operating Expenses	$18M
Cost & Expenses	$26M
OPERATING INCOME	$4M
Interest Income	$23M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$4M
Income Tax Expense	$965.0K
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$1M
EBIT	$4M
EBITDA	$5M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$3M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$4M
Change in Working Capital	$4M
OPERATING CASH FLOW	$12M
Capital Expenditure	-$553.0K
Acquisitions (Net)	$0
Purchases of Investments	-$54M
Sales/Maturities of Investments	$56M
Other Investing Activities	-$4M
NET CASH FROM INVESTING	-$2M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$12M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$89M
Net Receivables	$1M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$122M
PP&E (Net)	$19M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$371M
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$411M
TOTAL ASSETS	$533M
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$467M
TOTAL CURRENT LIABILITIES	$472M
Long-Term Debt	$15M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$15M
TOTAL LIABILITIES	$488M
Common Stock	$6M
Additional Paid-In Capital	$7M
Retained Earnings	$18M
Treasury Stock	$0
Accum. Other Comp. Income	-$859.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$45M
Minority Interest	$0
TOTAL EQUITY	$45M
TOTAL LIABILITIES & EQUITY	$533M
Total Debt	$15M
Net Debt	-$16M