LCNB FY 2008 Earnings Report — LCNB Corp. Revenue & Financial Results | Market Cap Arena

FY 2008 Earnings

Reported March 4, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$43M	—	$40M	—	6.1%
Op. Income	$9M	—	$8M	—	11.9%
Gross Margin	67.2%	—	65.0%	—	2.2pp
Net Margin	15.4%	—	14.8%	—	0.7pp
EPS (Diluted)	$0.99	—	$0.94	—	5.3%
Free Cash Flow	$6M	—	$5M	—	7.6%

Revenue Flow

Item	Amount
REVENUE	$43M
Cost of Revenue	$14M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$464.0K
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$7M
Operating Expenses	$20M
Cost & Expenses	$34M
OPERATING INCOME	$9M
Interest Income	$34M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$43M
Cost of Revenue	$14M
GROSS PROFIT	$29M
R&D Expenses	$0
Selling & Marketing	$464.0K
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$7M
Operating Expenses	$20M
Cost & Expenses	$34M
OPERATING INCOME	$9M
Interest Income	$34M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$9M
EBITDA	$11M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	-$43.0K
Other Non-Cash Items	$21.0K
Change in Working Capital	-$264.0K
OPERATING CASH FLOW	$8M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$93M
Sales/Maturities of Investments	$45M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$60M
Net Debt Issuance	$747.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$42M
NET CASH FROM FINANCING	$38M
FREE CASH FLOW	$6M
Net Change in Cash	-$13M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$11M
PP&E (Net)	$16M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$588M
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$638M
TOTAL ASSETS	$650M
Account Payables	$7M
Short-Term Debt	$2M
Deferred Revenue	$0
Other Current Liabilities	$578M
TOTAL CURRENT LIABILITIES	$593M
Long-Term Debt	$5M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$7M
TOTAL NON-CURRENT LIABILITIES	-$2M
TOTAL LIABILITIES	$592M
Common Stock	$0
Additional Paid-In Capital	$26M
Retained Earnings	$47M
Treasury Stock	-$12M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$58M
Minority Interest	$0
TOTAL EQUITY	$58M
TOTAL LIABILITIES & EQUITY	$650M
Total Debt	$7M
Net Debt	-$4M