MRBK FY 2016 Earnings Report — Meridian Corporation Revenue & Financial Results | Market Cap Arena

Meridian CorporationMRBK

FY 2016 Earnings

Reported December 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$67M	—	$58M	—	14.8%
Op. Income	$8M	—	$9M	—	-20.3%
Gross Margin	90.5%	—	89.7%	—	0.8pp
Net Margin	7.3%	—	10.6%	—	-3.2pp
EPS (Diluted)	$0.80	—	$1.08	—	-25.9%
Free Cash Flow	$49M	—	-$35M	—	238.6%

Revenue Flow

Item	Amount
REVENUE	$67M
Cost of Revenue	$6M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$41M
SG&A Expenses	$43M
Other Expenses	$10M
Operating Expenses	$53M
Cost & Expenses	$60M
OPERATING INCOME	$8M
Interest Income	$31M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$3M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$2M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$67M
Cost of Revenue	$6M
GROSS PROFIT	$61M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$41M
SG&A Expenses	$43M
Other Expenses	$10M
Operating Expenses	$53M
Cost & Expenses	$60M
OPERATING INCOME	$8M
Interest Income	$31M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$3M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$2M
EBIT	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$2M
Stock-Based Compensation	$175.0K
Deferred Income Tax	-$732.0K
Other Non-Cash Items	$45M
Change in Working Capital	$639.0K
OPERATING CASH FLOW	$52M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$16M
Sales/Maturities of Investments	$6M
Other Investing Activities	-$105M
NET CASH FROM INVESTING	-$118M
Net Debt Issuance	$17M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$37M
NET CASH FROM FINANCING	$66M
FREE CASH FLOW	$49M
Net Change in Cash	-$286.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$33M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$55M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$651M
Tax Assets	$1M
Other Non-Current Assets	$17M
TOTAL NON-CURRENT ASSETS	$679M
TOTAL ASSETS	$734M
Account Payables	$194.0K
Short-Term Debt	$118M
Deferred Revenue	$0
Other Current Liabilities	$527M
TOTAL CURRENT LIABILITIES	$646M
Long-Term Debt	$13M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$18M
TOTAL LIABILITIES	$664M
Common Stock	$4M
Additional Paid-In Capital	$40M
Retained Earnings	$14M
Treasury Stock	$0
Accum. Other Comp. Income	-$308.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$70M
Minority Interest	$0
TOTAL EQUITY	$70M
TOTAL LIABILITIES & EQUITY	$734M
Total Debt	$132M
Net Debt	$113M