ITIC FY 2015 Earnings Report — Investors Title Company Revenue & Financial Results | Market Cap Arena

Investors Title CompanyITIC

FY 2015 Earnings

Reported March 11, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$127M	—	$123M	—	3.3%
Op. Income	$18M	—	$13M	—	31.8%
Gross Margin	47.6%	—	42.4%	—	5.2pp
Net Margin	9.9%	—	7.9%	—	2.0pp
EPS (Diluted)	$6.30	—	$4.74	—	32.9%
Free Cash Flow	$14M	—	$8M	—	84.5%

Revenue Flow

Item	Amount
REVENUE	$127M
Cost of Revenue	$67M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$62M
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$3M
Operating Expenses	$43M
Cost & Expenses	$109M
OPERATING INCOME	$18M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
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	$1M
EBIT	$18M
EBITDA	$19M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$127M
Cost of Revenue	$67M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$62M
General & Administrative	$40M
SG&A Expenses	$40M
Other Expenses	$3M
Operating Expenses	$43M
Cost & Expenses	$109M
OPERATING INCOME	$18M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$5M
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	$1M
EBIT	$18M
EBITDA	$19M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$2M
Stock-Based Compensation	$137.8K
Deferred Income Tax	$1M
Other Non-Cash Items	-$792.1K
Change in Working Capital	$2M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$3M
Acquisitions (Net)	-$72.6K
Purchases of Investments	-$28M
Sales/Maturities of Investments	$26M
Other Investing Activities	$224.2K
NET CASH FROM INVESTING	-$5M
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$789.9K
Other Financing Activities	$46.9K
NET CASH FROM FINANCING	-$6M
FREE CASH FLOW	$14M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$22M
Short-Term Investments	$113M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$59.3B
PP&E (Net)	$7M
Goodwill	$0
Intangible Assets	$1M
Long-Term Investments	$150M
Tax Assets	$5.7B
Other Non-Current Assets	-$159M
TOTAL NON-CURRENT ASSETS	$5.7B
TOTAL ASSETS	$212M
Account Payables	$25M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$33M
TOTAL CURRENT LIABILITIES	$210M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$6M
Other Non-Current Liabilities	$69M
TOTAL NON-CURRENT LIABILITIES	$68.5B
TOTAL LIABILITIES	$69M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$131M
Treasury Stock	$0
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$143M
Minority Interest	$107.2K
TOTAL EQUITY	$143M
TOTAL LIABILITIES & EQUITY	$212M
Total Debt	$0
Net Debt	-$22M