NKSH FY 2021 Earnings Report — National Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

National Bankshares, Inc.NKSH

FY 2021 Earnings

Reported March 11, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$53M	—	$52M	—	2.8%
Op. Income	$25M	—	$19M	—	28.6%
Gross Margin	94.9%	—	84.9%	—	10.0pp
Net Margin	38.2%	—	30.9%	—	7.2pp
EPS (Diluted)	$3.28	—	$2.48	—	32.3%
Free Cash Flow	$23M	—	$12M	—	88.5%

Revenue Flow

Item	Amount
REVENUE	$53M
Cost of Revenue	$3M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$29M
OPERATING INCOME	$25M
Interest Income	$45M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$4M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$636.0K
EBIT	$25M
EBITDA	$25M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$53M
Cost of Revenue	$3M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$10M
Operating Expenses	$26M
Cost & Expenses	$29M
OPERATING INCOME	$25M
Interest Income	$45M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$25M
Income Tax Expense	$4M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$636.0K
EBIT	$25M
EBITDA	$25M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$636.0K
Stock-Based Compensation	$360.0K
Deferred Income Tax	$152.0K
Other Non-Cash Items	$290.0K
Change in Working Capital	$1M
OPERATING CASH FLOW	$23M
Capital Expenditure	-$323.0K
Acquisitions (Net)	$0
Purchases of Investments	-$219M
Sales/Maturities of Investments	$65M
Other Investing Activities	-$39M
NET CASH FROM INVESTING	-$193M
Net Debt Issuance	$0
Common Stock Repurchased	-$13M
Common Dividends Paid	-$9M
Other Financing Activities	$197M
NET CASH FROM FINANCING	$175M
FREE CASH FLOW	$23M
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$139M
Short-Term Investments	$686M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$830M
PP&E (Net)	$10M
Goodwill	$6M
Intangible Assets	$0
Long-Term Investments	$796M
Tax Assets	$0
Other Non-Current Assets	$60M
TOTAL NON-CURRENT ASSETS	$872M
TOTAL ASSETS	$1.7B
Account Payables	$48.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$1.5B
Common Stock	$8M
Additional Paid-In Capital	$0
Retained Earnings	$188M
Treasury Stock	$0
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$192M
Minority Interest	$0
TOTAL EQUITY	$192M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$0
Net Debt	-$139M