HIFS FY 2014 Earnings Report — Hingham Institution for Savings Revenue & Financial Results | Market Cap Arena

Hingham Institution for SavingsHIFS

FY 2014 Earnings

Reported December 31, 2014

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	$64M	—	$51M	—	25.7%
Op. Income	$33M	—	$23M	—	47.7%
Gross Margin	83.5%	—	78.6%	—	4.9pp
Net Margin	34.8%	—	26.2%	—	8.5pp
EPS (Diluted)	$10.44	—	$6.28	—	66.2%
Free Cash Flow	$18M	—	$14M	—	32.7%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$11M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$557.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$2M
Operating Expenses	$20M
Cost & Expenses	$31M
OPERATING INCOME	$33M
Interest Income	$56M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$770.0K
EBIT	$33M
EBITDA	$34M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$11M
GROSS PROFIT	$53M
R&D Expenses	$0
Selling & Marketing	$557.0K
General & Administrative	$17M
SG&A Expenses	$18M
Other Expenses	$2M
Operating Expenses	$20M
Cost & Expenses	$31M
OPERATING INCOME	$33M
Interest Income	$56M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$33M
Income Tax Expense	$11M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$770.0K
EBIT	$33M
EBITDA	$34M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$770.0K
Stock-Based Compensation	$283.0K
Deferred Income Tax	$168.0K
Other Non-Cash Items	-$5M
Change in Working Capital	$12.0K
OPERATING CASH FLOW	$18M
Capital Expenditure	-$127.0K
Acquisitions (Net)	$0
Purchases of Investments	-$32M
Sales/Maturities of Investments	$7M
Other Investing Activities	-$92M
NET CASH FROM INVESTING	-$117M
Net Debt Issuance	$27M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$149M
NET CASH FROM FINANCING	$173M
FREE CASH FLOW	$18M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$190M
Short-Term Investments	$71M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$264M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.2B
Tax Assets	$3M
Other Non-Current Assets	$32M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.6B
Account Payables	$350.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$331M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$341M
TOTAL LIABILITIES	$1.4B
Common Stock	$2M
Additional Paid-In Capital	$11M
Retained Earnings	$108M
Treasury Stock	$0
Accum. Other Comp. Income	$201.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$122M
Minority Interest	$0
TOTAL EQUITY	$122M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$331M
Net Debt	$140M