ITIC FY 2016 Earnings Report — Investors Title Company Revenue & Financial Results | Market Cap Arena

Investors Title CompanyITIC

FY 2016 Earnings

Reported March 10, 2017

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	$138M	—	$127M	—	8.9%
Op. Income	$28M	—	$18M	—	58.2%
Gross Margin	53.9%	—	47.6%	—	6.3pp
Net Margin	14.1%	—	9.9%	—	4.2pp
EPS (Diluted)	$10.19	—	$6.30	—	61.7%
Free Cash Flow	$20M	—	$14M	—	41.9%

Revenue Flow

Item	Amount
REVENUE	$138M
Cost of Revenue	$64M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$15M
Operating Expenses	$46M
Cost & Expenses	$110M
OPERATING INCOME	$28M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$2M
EBIT	$28M
EBITDA	$30M
EPS	$10
EPS Diluted	$10

Income Statement

Item	Amount
REVENUE	$138M
Cost of Revenue	$64M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$15M
Operating Expenses	$46M
Cost & Expenses	$110M
OPERATING INCOME	$28M
Interest Income	$5M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$2M
EBIT	$28M
EBITDA	$30M
EPS	$10
EPS Diluted	$10

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$2M
Stock-Based Compensation	$132.1K
Deferred Income Tax	$3M
Other Non-Cash Items	-$4M
Change in Working Capital	$3M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$2M
Acquisitions (Net)	-$8M
Purchases of Investments	-$24M
Sales/Maturities of Investments	$26M
Other Investing Activities	$109.3K
NET CASH FROM INVESTING	-$9M
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$1M
Other Financing Activities	$260
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$20M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$28M
Short-Term Investments	$108M
Net Receivables	$0
Inventory	$68.9B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$69.1B
PP&E (Net)	$9M
Goodwill	$4M
Intangible Assets	$8M
Long-Term Investments	$150M
Tax Assets	$11.1B
Other Non-Current Assets	$12.1B
TOTAL NON-CURRENT ASSETS	$23.4B
TOTAL ASSETS	$229M
Account Payables	$26M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	-$36M
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$11M
Other Non-Current Liabilities	$74M
TOTAL NON-CURRENT LIABILITIES	$72.6B
TOTAL LIABILITIES	$74M
Common Stock	$0
Additional Paid-In Capital	$0
Retained Earnings	$143M
Treasury Stock	$0
Accum. Other Comp. Income	$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$155M
Minority Interest	$90.9K
TOTAL EQUITY	$155M
TOTAL LIABILITIES & EQUITY	$229M
Total Debt	$0
Net Debt	-$28M