HIFS FY 2013 Earnings Report — Hingham Institution for Savings Revenue & Financial Results | Market Cap Arena

Hingham Institution for SavingsHIFS

FY 2013 Earnings

Reported December 31, 2013

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	$51M	—	$50M	—	0.9%
Op. Income	$23M	—	$22M	—	0.9%
Gross Margin	78.6%	—	76.9%	—	1.7pp
Net Margin	26.2%	—	26.3%	—	-0.1pp
EPS (Diluted)	$6.28	—	$6.25	—	0.5%
Free Cash Flow	$14M	—	$9M	—	43.5%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$11M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$557.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$2M
Operating Expenses	$17M
Cost & Expenses	$28M
OPERATING INCOME	$23M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
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	$664.0K
EBIT	$23M
EBITDA	$23M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$11M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$557.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$2M
Operating Expenses	$17M
Cost & Expenses	$28M
OPERATING INCOME	$23M
Interest Income	$49M
Interest Expense	$11M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
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	$664.0K
EBIT	$23M
EBITDA	$23M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$664.0K
Stock-Based Compensation	$0
Deferred Income Tax	-$241.0K
Other Non-Cash Items	$714.0K
Change in Working Capital	$1M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$43M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$124M
NET CASH FROM INVESTING	-$138M
Net Debt Issuance	$68M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$72M
NET CASH FROM FINANCING	$137M
FREE CASH FLOW	$14M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$116M
Short-Term Investments	$106M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$225M
PP&E (Net)	$16M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.1B
Tax Assets	$3M
Other Non-Current Assets	$34M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.4B
Account Payables	$490.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$941M
TOTAL CURRENT LIABILITIES	$942M
Long-Term Debt	$304M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$311M
TOTAL LIABILITIES	$1.3B
Common Stock	$2M
Additional Paid-In Capital	$11M
Retained Earnings	$90M
Treasury Stock	$0
Accum. Other Comp. Income	-$20.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$103M
Minority Interest	$0
TOTAL EQUITY	$103M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$304M
Net Debt	$188M