HIFS FY 2016 Earnings Report — Hingham Institution for Savings Revenue & Financial Results | Market Cap Arena

Hingham Institution for SavingsHIFS

FY 2016 Earnings

Reported December 31, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$74M	—	$63M	—	16.0%
Op. Income	$40M	—	$33M	—	21.3%
Gross Margin	80.2%	—	81.8%	—	-1.5pp
Net Margin	31.9%	—	30.5%	—	1.3pp
EPS (Diluted)	$10.89	—	$9.02	—	20.7%
Free Cash Flow	$25M	—	$20M	—	27.9%

Revenue Flow

Item	Amount
REVENUE	$74M
Cost of Revenue	$15M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$403.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$2M
Operating Expenses	$19M
Cost & Expenses	$34M
OPERATING INCOME	$40M
Interest Income	$72M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$16M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$730.0K
EBIT	$40M
EBITDA	$40M
EPS	$11
EPS Diluted	$11

Income Statement

Item	Amount
REVENUE	$74M
Cost of Revenue	$15M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$403.0K
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$2M
Operating Expenses	$19M
Cost & Expenses	$34M
OPERATING INCOME	$40M
Interest Income	$72M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$16M
Net Income from Continuing Ops	$23M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$23M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$23M
D&A	$730.0K
EBIT	$40M
EBITDA	$40M
EPS	$11
EPS Diluted	$11

Cash Flow Statement

Item	Amount
Net Income	$23M
Depreciation & Amortization	$730.0K
Stock-Based Compensation	$156.0K
Deferred Income Tax	-$541.0K
Other Non-Cash Items	$1M
Change in Working Capital	$355.0K
OPERATING CASH FLOW	$25M
Capital Expenditure	-$98.0K
Acquisitions (Net)	$0
Purchases of Investments	-$9M
Sales/Maturities of Investments	$26M
Other Investing Activities	-$200M
NET CASH FROM INVESTING	-$183M
Net Debt Issuance	$73M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$150M
NET CASH FROM FINANCING	$220M
FREE CASH FLOW	$25M
Net Change in Cash	$62M

Balance Sheet

Item	Amount
Cash & Equivalents	$323M
Short-Term Investments	$27M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$354M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$1.6B
Tax Assets	$2M
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.0B
Account Payables	$400.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$476M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$487M
TOTAL LIABILITIES	$1.9B
Common Stock	$2M
Additional Paid-In Capital	$12M
Retained Earnings	$145M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$161M
Minority Interest	$0
TOTAL EQUITY	$161M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$476M
Net Debt	$153M