NKSH FY 2018 Earnings Report — National Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

National Bankshares, Inc.NKSH

FY 2018 Earnings

Reported March 13, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$51M	—	$49M	—	4.2%
Op. Income	$19M	—	$20M	—	-8.2%
Gross Margin	90.3%	—	91.2%	—	-1.0pp
Net Margin	31.7%	—	28.8%	—	2.9pp
EPS (Diluted)	$2.32	—	$2.03	—	14.3%
Free Cash Flow	$19M	—	$11M	—	73.1%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$5M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$12M
Operating Expenses	$27M
Cost & Expenses	$32M
OPERATING INCOME	$19M
Interest Income	$43M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$3M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$816.0K
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$5M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$12M
Operating Expenses	$27M
Cost & Expenses	$32M
OPERATING INCOME	$19M
Interest Income	$43M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$3M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$816.0K
EBIT	$19M
EBITDA	$20M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$816.0K
Stock-Based Compensation	$0
Deferred Income Tax	-$382.0K
Other Non-Cash Items	-$256.0K
Change in Working Capital	$3M
OPERATING CASH FLOW	$20M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$25M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$16M
FREE CASH FLOW	$19M
Net Change in Cash	-$44.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$425M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$487M
PP&E (Net)	$9M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$702M
Tax Assets	$0
Other Non-Current Assets	$53M
TOTAL NON-CURRENT ASSETS	$769M
TOTAL ASSETS	$1.3B
Account Payables	$89.0K
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	$14M
TOTAL NON-CURRENT LIABILITIES	$14M
TOTAL LIABILITIES	$1.1B
Common Stock	$9M
Additional Paid-In Capital	$0
Retained Earnings	$194M
Treasury Stock	$0
Accum. Other Comp. Income	-$12M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$190M
Minority Interest	$0
TOTAL EQUITY	$190M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$0
Net Debt	-$56M