FXNC FY 2014 Earnings Report — First National Corporation Revenue & Financial Results | Market Cap Arena

First National CorporationFXNC

FY 2014 Earnings

Reported March 27, 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	$27M	—	$27M	—	0.1%
Op. Income	$11M	—	$5M	—	120.2%
Gross Margin	107.6%	—	91.6%	—	16.0pp
Net Margin	28.1%	—	36.4%	—	-8.3pp
EPS (Diluted)	$1.32	—	$1.85	—	-28.6%
Free Cash Flow	$7M	—	$8M	—	-19.7%

Revenue Flow

Item	Amount
REVENUE	$27M
Cost of Revenue	-$2M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$426.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$18M
Cost & Expenses	$16M
OPERATING INCOME	$11M
Interest Income	$20M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$983.0K
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$27M
Cost of Revenue	-$2M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$426.0K
General & Administrative	$12M
SG&A Expenses	$12M
Other Expenses	$6M
Operating Expenses	$18M
Cost & Expenses	$16M
OPERATING INCOME	$11M
Interest Income	$20M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$983.0K
EBIT	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$983.0K
Stock-Based Compensation	$0
Deferred Income Tax	$2M
Other Non-Cash Items	-$3M
Change in Working Capital	-$223.0K
OPERATING CASH FLOW	$7M
Capital Expenditure	-$475.0K
Acquisitions (Net)	$0
Purchases of Investments	-$14M
Sales/Maturities of Investments	$36M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	$55.0K
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$342.0K
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$14M
FREE CASH FLOW	$7M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$83M
Net Receivables	$1M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$109M
PP&E (Net)	$16M
Goodwill	$0
Intangible Assets	$55.0K
Long-Term Investments	$372M
Tax Assets	$0
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$409M
TOTAL ASSETS	$518M
Account Payables	$5M
Short-Term Debt	$52.0K
Deferred Revenue	$0
Other Current Liabilities	$444M
TOTAL CURRENT LIABILITIES	$449M
Long-Term Debt	$9M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$9M
TOTAL LIABILITIES	$459M
Common Stock	$6M
Additional Paid-In Capital	$7M
Retained Earnings	$34M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$60M
Minority Interest	$0
TOTAL EQUITY	$60M
TOTAL LIABILITIES & EQUITY	$518M
Total Debt	$9M
Net Debt	-$15M