LCNB FY 2020 Earnings Report — LCNB Corp. Revenue & Financial Results | Market Cap Arena

FY 2020 Earnings

Reported March 10, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$78M	—	$77M	—	2.0%
Op. Income	$24M	—	$23M	—	4.9%
Gross Margin	87.8%	—	85.7%	—	2.1pp
Net Margin	25.6%	—	24.6%	—	1.0pp
EPS (Diluted)	$1.55	—	$1.44	—	7.6%
Free Cash Flow	$11M	—	$18M	—	-39.6%

Revenue Flow

Item	Amount
REVENUE	$78M
Cost of Revenue	$10M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$27M
SG&A Expenses	$29M
Other Expenses	$16M
Operating Expenses	$45M
Cost & Expenses	$54M
OPERATING INCOME	$24M
Interest Income	$64M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$4M
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	$24M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$78M
Cost of Revenue	$10M
GROSS PROFIT	$69M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$27M
SG&A Expenses	$29M
Other Expenses	$16M
Operating Expenses	$45M
Cost & Expenses	$54M
OPERATING INCOME	$24M
Interest Income	$64M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$4M
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	$24M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$2M
Stock-Based Compensation	$137.0K
Deferred Income Tax	$134.0K
Other Non-Cash Items	-$1M
Change in Working Capital	-$8M
OPERATING CASH FLOW	$14M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$106M
Sales/Maturities of Investments	$81M
Other Investing Activities	-$53M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$19M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$9M
Other Financing Activities	$107M
NET CASH FROM FINANCING	$77M
FREE CASH FLOW	$11M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$209M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$250M
PP&E (Net)	$42M
Goodwill	$59M
Intangible Assets	$3M
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$69M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.7B
Account Payables	$21M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$1.5B
Common Stock	$142M
Additional Paid-In Capital	$0
Retained Earnings	$115M
Treasury Stock	-$21M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$241M
Minority Interest	$0
TOTAL EQUITY	$241M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$28M
Net Debt	-$3M