LCNB FY 2017 Earnings Report — LCNB Corp. Revenue & Financial Results | Market Cap Arena

FY 2017 Earnings

Reported March 9, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$54M	—	$54M	—	0.9%
Op. Income	$17M	—	$17M	—	1.9%
Gross Margin	93.0%	—	91.8%	—	1.2pp
Net Margin	23.9%	—	23.2%	—	0.7pp
EPS (Diluted)	$1.29	—	$1.25	—	3.2%
Free Cash Flow	$12M	—	$6M	—	90.9%

Revenue Flow

Item	Amount
REVENUE	$54M
Cost of Revenue	$4M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$873.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$13M
Operating Expenses	$33M
Cost & Expenses	$37M
OPERATING INCOME	$17M
Interest Income	$44M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
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	$3M
EBIT	$17M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$54M
Cost of Revenue	$4M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$873.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$13M
Operating Expenses	$33M
Cost & Expenses	$37M
OPERATING INCOME	$17M
Interest Income	$44M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$4M
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	$3M
EBIT	$17M
EBITDA	$21M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$3M
Stock-Based Compensation	$76.0K
Deferred Income Tax	$2M
Other Non-Cash Items	-$860.0K
Change in Working Capital	$675.0K
OPERATING CASH FLOW	$18M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$33M
Sales/Maturities of Investments	$82M
Other Investing Activities	-$28M
NET CASH FROM INVESTING	$15M
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	-$25M
NET CASH FROM FINANCING	-$26M
FREE CASH FLOW	$12M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$275M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$301M
PP&E (Net)	$35M
Goodwill	$30M
Intangible Assets	$4M
Long-Term Investments	$881M
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$995M
TOTAL ASSETS	$1.3B
Account Payables	$12M
Short-Term Debt	$47M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$303.0K
Deferred Revenue NC	-$15M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$12M
TOTAL NON-CURRENT LIABILITIES	-$12M
TOTAL LIABILITIES	$1.1B
Common Stock	$77M
Additional Paid-In Capital	$0
Retained Earnings	$87M
Treasury Stock	-$12M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$150M
Minority Interest	$0
TOTAL EQUITY	$150M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$47M
Net Debt	$22M