NBN FY 2008 Earnings Report — Northeast Bank Revenue & Financial Results | Market Cap Arena

Northeast BankNBN

FY 2008 Earnings

Reported September 26, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$46M	—	$44M	—	5.9%
Op. Income	$2M	—	$2M	—	-0.3%
Gross Margin	52.6%	—	51.7%	—	1.0pp
Net Margin	4.2%	—	4.3%	—	-0.1pp
EPS (Diluted)	$0.82	—	$0.76	—	7.9%
Free Cash Flow	$3M	—	$2M	—	44.1%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$22M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$9M
Operating Expenses	$22M
Cost & Expenses	$44M
OPERATING INCOME	$2M
Interest Income	$35M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	$527.7K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$2M
EBIT	$2M
EBITDA	$4M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$46M
Cost of Revenue	$22M
GROSS PROFIT	$24M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$9M
Operating Expenses	$22M
Cost & Expenses	$44M
OPERATING INCOME	$2M
Interest Income	$35M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	$527.7K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2M
D&A	$2M
EBIT	$2M
EBITDA	$4M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$2M
Depreciation & Amortization	$2M
Stock-Based Compensation	$0
Deferred Income Tax	$218.6K
Other Non-Cash Items	-$376.3K
Change in Working Capital	$1M
OPERATING CASH FLOW	$5M
Capital Expenditure	-$2M
Acquisitions (Net)	-$4M
Purchases of Investments	-$78M
Sales/Maturities of Investments	$36M
Other Investing Activities	$13M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$36M
Common Stock Repurchased	$0
Common Dividends Paid	-$851.8K
Other Financing Activities	-$1M
NET CASH FROM FINANCING	$32M
FREE CASH FLOW	$3M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$539M
Tax Assets	$0
Other Non-Current Assets	$23M
TOTAL NON-CURRENT ASSETS	$583M
TOTAL ASSETS	$598M
Account Payables	$0
Short-Term Debt	$73M
Deferred Revenue	$0
Other Current Liabilities	$363M
TOTAL CURRENT LIABILITIES	$436M
Long-Term Debt	$114M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$122M
TOTAL LIABILITIES	$558M
Common Stock	$2M
Additional Paid-In Capital	$3M
Retained Earnings	$37M
Treasury Stock	$0
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$40M
Minority Interest	$0
TOTAL EQUITY	$40M
TOTAL LIABILITIES & EQUITY	$598M
Total Debt	$187M
Net Debt	$174M