NKSH FY 2017 Earnings Report — National Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

National Bankshares, Inc.NKSH

FY 2017 Earnings

Reported March 14, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$49M	—	$48M	—	1.8%
Op. Income	$20M	—	$19M	—	7.9%
Gross Margin	91.2%	—	87.9%	—	3.3pp
Net Margin	28.8%	—	31.1%	—	-2.3pp
EPS (Diluted)	$2.03	—	$2.15	—	-5.6%
Free Cash Flow	$11M	—	$17M	—	-36.5%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$4M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$10M
Operating Expenses	$24M
Cost & Expenses	$29M
OPERATING INCOME	$20M
Interest Income	$41M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$873.0K
EBIT	$20M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$4M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$10M
Operating Expenses	$24M
Cost & Expenses	$29M
OPERATING INCOME	$20M
Interest Income	$41M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$6M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$873.0K
EBIT	$20M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$873.0K
Stock-Based Compensation	$0
Deferred Income Tax	$3M
Other Non-Cash Items	-$5M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$261.0K
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$23M
Other Investing Activities	-$1M
NET CASH FROM INVESTING	-$20M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$16M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$11M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$64M
Short-Term Investments	$331M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$401M
PP&E (Net)	$8M
Goodwill	$6M
Intangible Assets	$50.0K
Long-Term Investments	$788M
Tax Assets	$0
Other Non-Current Assets	$54M
TOTAL NON-CURRENT ASSETS	$856M
TOTAL ASSETS	$1.3B
Account Payables	$62.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
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	$186M
Treasury Stock	$0
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$185M
Minority Interest	$0
TOTAL EQUITY	$185M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$64M