NKSH FY 2016 Earnings Report — National Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

National Bankshares, Inc.NKSH

FY 2016 Earnings

Reported March 8, 2017

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	$48M	—	$50M	—	-3.3%
Op. Income	$19M	—	$21M	—	-8.2%
Gross Margin	87.9%	—	87.5%	—	0.4pp
Net Margin	31.1%	—	31.9%	—	-0.8pp
EPS (Diluted)	$2.15	—	$2.28	—	-5.7%
Free Cash Flow	$17M	—	$20M	—	-14.9%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$10M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$19M
Interest Income	$41M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$10M
Operating Expenses	$23M
Cost & Expenses	$29M
OPERATING INCOME	$19M
Interest Income	$41M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$4M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$1M
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$1M
Stock-Based Compensation	$150.0K
Deferred Income Tax	$18.0K
Other Non-Cash Items	$610.0K
Change in Working Capital	$905.0K
OPERATING CASH FLOW	$18M
Capital Expenditure	-$634.0K
Acquisitions (Net)	$0
Purchases of Investments	-$290M
Sales/Maturities of Investments	$238M
Other Investing Activities	$21M
NET CASH FROM INVESTING	-$32M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$25M
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	$17M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$94M
Short-Term Investments	$304M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$404M
PP&E (Net)	$9M
Goodwill	$6M
Intangible Assets	$118.0K
Long-Term Investments	$775M
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$830M
TOTAL ASSETS	$1.2B
Account Payables	$55.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$12M
TOTAL LIABILITIES	$1.1B
Common Stock	$9M
Additional Paid-In Capital	$0
Retained Earnings	$178M
Treasury Stock	$0
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$178M
Minority Interest	$0
TOTAL EQUITY	$178M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$0
Net Debt	-$94M