LARK FY 2021 Earnings Report — Landmark Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Landmark Bancorp, Inc.LARK

FY 2021 Earnings

Reported March 22, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$62M	—	$67M	—	-6.8%
Op. Income	$23M	—	$24M	—	-6.0%
Gross Margin	96.8%	—	90.9%	—	5.9pp
Net Margin	29.0%	—	29.3%	—	-0.3pp
EPS (Diluted)	$3.11	—	$3.37	—	-7.7%
Free Cash Flow	$30M	—	$14M	—	106.5%

Revenue Flow

Item	Amount
REVENUE	$62M
Cost of Revenue	$2M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$17M
Operating Expenses	$37M
Cost & Expenses	$39M
OPERATING INCOME	$23M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$3M
EBIT	$23M
EBITDA	$25M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$62M
Cost of Revenue	$2M
GROSS PROFIT	$60M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$20M
SG&A Expenses	$20M
Other Expenses	$17M
Operating Expenses	$37M
Cost & Expenses	$39M
OPERATING INCOME	$23M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$3M
EBIT	$23M
EBITDA	$25M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$3M
Stock-Based Compensation	$323.0K
Deferred Income Tax	$808.0K
Other Non-Cash Items	$10M
Change in Working Capital	-$125.0K
OPERATING CASH FLOW	$31M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$176M
Sales/Maturities of Investments	$80M
Other Investing Activities	$41M
NET CASH FROM INVESTING	-$56M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$134M
NET CASH FROM FINANCING	$130M
FREE CASH FLOW	$30M
Net Change in Cash	$104M

Balance Sheet

Item	Amount
Cash & Equivalents	$197M
Short-Term Investments	$381M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$591M
PP&E (Net)	$21M
Goodwill	$18M
Intangible Assets	$4M
Long-Term Investments	$661M
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$738M
TOTAL ASSETS	$1.3B
Account Payables	$16M
Short-Term Debt	$7M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$29M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$7M
TOTAL NON-CURRENT LIABILITIES	$22M
TOTAL LIABILITIES	$1.2B
Common Stock	$50.0K
Additional Paid-In Capital	$79M
Retained Earnings	$53M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$136M
Minority Interest	$0
TOTAL EQUITY	$136M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$36M
Net Debt	-$160M