HIFS FY 2012 Earnings Report — Hingham Institution for Savings Revenue & Financial Results | Market Cap Arena

Hingham Institution for SavingsHIFS

FY 2012 Earnings

Reported December 31, 2012

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	$50M	—	$50M	—	0.6%
Op. Income	$22M	—	$20M	—	10.2%
Gross Margin	76.9%	—	72.6%	—	4.2pp
Net Margin	26.3%	—	24.1%	—	2.3pp
EPS (Diluted)	$6.25	—	$5.67	—	10.2%
Free Cash Flow	$9M	—	$14M	—	-30.8%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$12M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$654.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$2M
Operating Expenses	$16M
Cost & Expenses	$28M
OPERATING INCOME	$22M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
Income Tax Expense	$9M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$618.0K
EBIT	$22M
EBITDA	$23M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$12M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$654.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$2M
Operating Expenses	$16M
Cost & Expenses	$28M
OPERATING INCOME	$22M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
Income Tax Expense	$9M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$618.0K
EBIT	$22M
EBITDA	$23M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$618.0K
Stock-Based Compensation	$19.0K
Deferred Income Tax	$154.0K
Other Non-Cash Items	$1M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$76M
Sales/Maturities of Investments	$61M
Other Investing Activities	-$90M
NET CASH FROM INVESTING	-$110M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$83M
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	$9M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$101M
Short-Term Investments	$103M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$208M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$950M
Tax Assets	$3M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$998M
TOTAL ASSETS	$1.2B
Account Payables	$478.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$870M
TOTAL CURRENT LIABILITIES	$871M
Long-Term Debt	$235M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$7M
TOTAL NON-CURRENT LIABILITIES	$242M
TOTAL LIABILITIES	$1.1B
Common Stock	$2M
Additional Paid-In Capital	$11M
Retained Earnings	$80M
Treasury Stock	$0
Accum. Other Comp. Income	$224.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$93M
Minority Interest	$0
TOTAL EQUITY	$93M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$235M
Net Debt	$134M