NWFL FY 2012 Earnings Report — Norwood Financial Corp. Revenue & Financial Results | Market Cap Arena

Norwood Financial Corp.NWFL

FY 2012 Earnings

Reported March 14, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$35M	—	$33M	—	6.5%
Op. Income	$11M	—	$10M	—	15.1%
Gross Margin	79.5%	—	79.2%	—	0.3pp
Net Margin	24.3%	—	22.6%	—	1.6pp
EPS (Diluted)	$1.55	—	$1.45	—	6.9%
Free Cash Flow	$11M	—	$11M	—	3.1%

Revenue Flow

Item	Amount
REVENUE	$35M
Cost of Revenue	$7M
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$222.0K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$6M
Operating Expenses	$16M
Cost & Expenses	$23M
OPERATING INCOME	$11M
Interest Income	$29M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$723.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$35M
Cost of Revenue	$7M
GROSS PROFIT	$28M
R&D Expenses	$0
Selling & Marketing	$222.0K
General & Administrative	$10M
SG&A Expenses	$10M
Other Expenses	$6M
Operating Expenses	$16M
Cost & Expenses	$23M
OPERATING INCOME	$11M
Interest Income	$29M
Interest Expense	$5M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$723.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$723.0K
Stock-Based Compensation	$130.0K
Deferred Income Tax	$424.0K
Other Non-Cash Items	$2M
Change in Working Capital	-$16.0K
OPERATING CASH FLOW	$11M
Capital Expenditure	-$417.0K
Acquisitions (Net)	$0
Purchases of Investments	-$67M
Sales/Maturities of Investments	$72M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$17M
Net Debt Issuance	$2M
Common Stock Repurchased	-$320.0K
Common Dividends Paid	-$4M
Other Financing Activities	-$708.0K
NET CASH FROM FINANCING	-$3M
FREE CASH FLOW	$11M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$145M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$160M
PP&E (Net)	$7M
Goodwill	$10M
Intangible Assets	$647.0K
Long-Term Investments	$471M
Tax Assets	$2M
Other Non-Current Assets	$21M
TOTAL NON-CURRENT ASSETS	$512M
TOTAL ASSETS	$672M
Account Payables	$1M
Short-Term Debt	$29M
Deferred Revenue	$0
Other Current Liabilities	$524M
TOTAL CURRENT LIABILITIES	$554M
Long-Term Debt	$22M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$3M
TOTAL NON-CURRENT LIABILITIES	$26M
TOTAL LIABILITIES	$580M
Common Stock	$337.0K
Additional Paid-In Capital	$25M
Retained Earnings	$67M
Treasury Stock	-$2M
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$92M
Minority Interest	$0
TOTAL EQUITY	$92M
TOTAL LIABILITIES & EQUITY	$672M
Total Debt	$51M
Net Debt	$39M