LCNB FY 2015 Earnings Report — LCNB Corp. Revenue & Financial Results | Market Cap Arena

FY 2015 Earnings

Reported March 9, 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	$52M	—	$48M	—	8.5%
Op. Income	$16M	—	$13M	—	18.4%
Gross Margin	91.0%	—	90.6%	—	0.4pp
Net Margin	22.0%	—	20.6%	—	1.5pp
EPS (Diluted)	$1.17	—	$1.05	—	11.4%
Free Cash Flow	$13M	—	$15M	—	-14.5%

Revenue Flow

Item	Amount
REVENUE	$52M
Cost of Revenue	$5M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$720.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$36M
OPERATING INCOME	$16M
Interest Income	$43M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$52M
Cost of Revenue	$5M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$720.0K
General & Administrative	$19M
SG&A Expenses	$20M
Other Expenses	$12M
Operating Expenses	$32M
Cost & Expenses	$36M
OPERATING INCOME	$16M
Interest Income	$43M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$4M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$3M
EBIT	$16M
EBITDA	$19M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$3M
Stock-Based Compensation	$109.0K
Deferred Income Tax	-$58.0K
Other Non-Cash Items	$364.0K
Change in Working Capital	-$2M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$504.0K
Acquisitions (Net)	$9M
Purchases of Investments	-$167M
Sales/Maturities of Investments	$131M
Other Investing Activities	-$38M
NET CASH FROM INVESTING	-$66M
Net Debt Issuance	$15M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$42M
NET CASH FROM FINANCING	$51M
FREE CASH FLOW	$13M
Net Change in Cash	-$858.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$15M
Short-Term Investments	$378M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$393M
PP&E (Net)	$22M
Goodwill	$30M
Intangible Assets	$5M
Long-Term Investments	$790M
Tax Assets	$0
Other Non-Current Assets	$39M
TOTAL NON-CURRENT ASSETS	$888M
TOTAL ASSETS	$1.3B
Account Payables	$10M
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$6M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$10M
TOTAL NON-CURRENT LIABILITIES	-$4M
TOTAL LIABILITIES	$1.1B
Common Stock	$77M
Additional Paid-In Capital	$0
Retained Earnings	$75M
Treasury Stock	-$12M
Accum. Other Comp. Income	$236.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$140M
Minority Interest	$0
TOTAL EQUITY	$140M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$43M
Net Debt	$28M