NWFL FY 2017 Earnings Report — Norwood Financial Corp. Revenue & Financial Results | Market Cap Arena

Norwood Financial Corp.NWFL

FY 2017 Earnings

Reported March 15, 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	$46M	—	$37M	—	22.6%
Op. Income	$15M	—	$9M	—	71.6%
Gross Margin	86.3%	—	84.8%	—	1.6pp
Net Margin	17.9%	—	17.9%	—	-0.1pp
EPS (Diluted)	$1.31	—	$1.15	—	13.9%
Free Cash Flow	$14M	—	$11M	—	32.7%

Revenue Flow

Item	Amount
REVENUE	$46M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$268.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$31M
OPERATING INCOME	$15M
Interest Income	$39M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$7M
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	$1M
EBIT	$15M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$46M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$268.0K
General & Administrative	$15M
SG&A Expenses	$16M
Other Expenses	$9M
Operating Expenses	$25M
Cost & Expenses	$31M
OPERATING INCOME	$15M
Interest Income	$39M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$7M
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	$1M
EBIT	$15M
EBITDA	$16M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$1M
Stock-Based Compensation	$235.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$4M
Change in Working Capital	$292.0K
OPERATING CASH FLOW	$16M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$20M
Sales/Maturities of Investments	$43M
Other Investing Activities	-$50M
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$14M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$5M
Other Financing Activities	$5M
NET CASH FROM FINANCING	$12M
FREE CASH FLOW	$14M
Net Change in Cash	-$477.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$281M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$302M
PP&E (Net)	$14M
Goodwill	$11M
Intangible Assets	$462.0K
Long-Term Investments	$756M
Tax Assets	$5M
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$831M
TOTAL ASSETS	$1.1B
Account Payables	$1M
Short-Term Debt	$43M
Deferred Revenue	$0
Other Current Liabilities	$929M
TOTAL CURRENT LIABILITIES	$973M
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$44M
TOTAL LIABILITIES	$1.0B
Common Stock	$626.0K
Additional Paid-In Capital	$47M
Retained Earnings	$70M
Treasury Stock	-$77.0K
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$116M
Minority Interest	$0
TOTAL EQUITY	$116M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$78M
Net Debt	$62M