MRBK FY 2014 Earnings Report — Meridian Corporation Revenue & Financial Results | Market Cap Arena

Meridian CorporationMRBK

FY 2014 Earnings

Reported December 30, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$44M	—	$41M	—	9.2%
Op. Income	$14M	—	$41M	—	-64.6%
Gross Margin	100.0%	—	100.0%	—	0.0pp
Net Margin	9.7%	—	9.5%	—	0.2pp
EPS (Diluted)	$0.89	—	$0.78	—	14.1%
Free Cash Flow	$0	—	$0	—	—

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$0
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$2M
SG&A Expenses	$30M
Other Expenses	$0
Operating Expenses	$38M
Cost & Expenses	$38M
OPERATING INCOME	$14M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	-$7M
EBIT	$29M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$0
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$2M
SG&A Expenses	$30M
Other Expenses	$0
Operating Expenses	$38M
Cost & Expenses	$38M
OPERATING INCOME	$14M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	-$7M
EBIT	$29M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$0
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$4M
Change in Working Capital	$0
OPERATING CASH FLOW	$0
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	$0
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$0
FREE CASH FLOW	$0
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$10M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$567M
TOTAL NON-CURRENT ASSETS	$572M
TOTAL ASSETS	$582M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$0
Long-Term Debt	$68M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$68M
TOTAL LIABILITIES	$68M
Common Stock	$45M
Additional Paid-In Capital	$0
Retained Earnings	$0
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$45M
Minority Interest	$0
TOTAL EQUITY	$45M
TOTAL LIABILITIES & EQUITY	$113M
Total Debt	$68M
Net Debt	$58M