NWFL FY 2008 Earnings Report — Norwood Financial Corp. Revenue & Financial Results | Market Cap Arena

Norwood Financial Corp.NWFL

FY 2008 Earnings

Reported March 13, 2009

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	$32M	—	$33M	—	-1.8%
Op. Income	$10M	—	$9M	—	4.1%
Gross Margin	67.6%	—	62.5%	—	5.1pp
Net Margin	20.7%	—	19.9%	—	0.9pp
EPS (Diluted)	$1.46	—	$1.39	—	5.0%
Free Cash Flow	$7M	—	$3M	—	99.5%

Revenue Flow

Item	Amount
REVENUE	$32M
Cost of Revenue	$10M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$213.0K
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$4M
Operating Expenses	$12M
Cost & Expenses	$23M
OPERATING INCOME	$10M
Interest Income	$28M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$3M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$629.0K
EBIT	$10M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$32M
Cost of Revenue	$10M
GROSS PROFIT	$22M
R&D Expenses	$0
Selling & Marketing	$213.0K
General & Administrative	$8M
SG&A Expenses	$8M
Other Expenses	$4M
Operating Expenses	$12M
Cost & Expenses	$23M
OPERATING INCOME	$10M
Interest Income	$28M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$10M
Income Tax Expense	$3M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$629.0K
EBIT	$10M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$629.0K
Stock-Based Compensation	$154.0K
Deferred Income Tax	$36.0K
Other Non-Cash Items	$552.0K
Change in Working Capital	-$897.0K
OPERATING CASH FLOW	$7M
Capital Expenditure	-$325.0K
Acquisitions (Net)	$0
Purchases of Investments	-$47M
Sales/Maturities of Investments	$39M
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$31M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$3M
Other Financing Activities	-$10M
NET CASH FROM FINANCING	$17M
FREE CASH FLOW	$7M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$6M
Short-Term Investments	$0
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9M
PP&E (Net)	$5M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$476M
Tax Assets	$0
Other Non-Current Assets	$14M
TOTAL NON-CURRENT ASSETS	$496M
TOTAL ASSETS	$504M
Account Payables	$2M
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$360M
TOTAL CURRENT LIABILITIES	$400M
Long-Term Debt	$43M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$446M
Common Stock	$284.0K
Additional Paid-In Capital	$10M
Retained Earnings	$50M
Treasury Stock	-$3M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$59M
Minority Interest	$0
TOTAL EQUITY	$59M
TOTAL LIABILITIES & EQUITY	$504M
Total Debt	$81M
Net Debt	$75M