HIFS FY 2011 Earnings Report — Hingham Institution for Savings Revenue & Financial Results | Market Cap Arena

Hingham Institution for SavingsHIFS

FY 2011 Earnings

Reported December 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$50M	—	$48M	—	3.5%
Op. Income	$20M	—	$17M	—	19.1%
Gross Margin	72.6%	—	66.2%	—	6.5pp
Net Margin	24.1%	—	21.1%	—	2.9pp
EPS (Diluted)	$5.67	—	$4.81	—	17.9%
Free Cash Flow	$14M	—	$11M	—	28.8%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$14M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$650.0K
General & Administrative	$13M
SG&A Expenses	$14M
Other Expenses	$3M
Operating Expenses	$16M
Cost & Expenses	$30M
OPERATING INCOME	$20M
Interest Income	$48M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$8M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$531.0K
EBIT	$20M
EBITDA	$21M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$14M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$650.0K
General & Administrative	$13M
SG&A Expenses	$14M
Other Expenses	$3M
Operating Expenses	$16M
Cost & Expenses	$30M
OPERATING INCOME	$20M
Interest Income	$48M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$8M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$531.0K
EBIT	$20M
EBITDA	$21M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$531.0K
Stock-Based Compensation	$30.0K
Deferred Income Tax	$73.0K
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$56M
Sales/Maturities of Investments	$48M
Other Investing Activities	-$52M
NET CASH FROM INVESTING	-$63M
Net Debt Issuance	$40M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$58M
NET CASH FROM FINANCING	$95M
FREE CASH FLOW	$14M
Net Change in Cash	$48M

Balance Sheet

Item	Amount
Cash & Equivalents	$130M
Short-Term Investments	$97M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$231M
PP&E (Net)	$11M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$850M
Tax Assets	$3M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$896M
TOTAL ASSETS	$1.1B
Account Payables	$475.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$788M
TOTAL CURRENT LIABILITIES	$788M
Long-Term Debt	$249M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$257M
TOTAL LIABILITIES	$1.0B
Common Stock	$2M
Additional Paid-In Capital	$11M
Retained Earnings	$69M
Treasury Stock	$0
Accum. Other Comp. Income	$235.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$82M
Minority Interest	$0
TOTAL EQUITY	$82M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$249M
Net Debt	$119M