NWFL FY 2018 Earnings Report — Norwood Financial Corp. Revenue & Financial Results | Market Cap Arena

Norwood Financial Corp.NWFL

FY 2018 Earnings

Reported March 14, 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	$50M	—	$46M	—	8.0%
Op. Income	$16M	—	$15M	—	9.9%
Gross Margin	85.1%	—	86.3%	—	-1.2pp
Net Margin	27.5%	—	17.9%	—	9.7pp
EPS (Diluted)	$2.17	—	$1.31	—	65.6%
Free Cash Flow	$16M	—	$14M	—	13.9%

Revenue Flow

Item	Amount
REVENUE	$50M
Cost of Revenue	$7M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$257.0K
General & Administrative	$16M
SG&A Expenses	$17M
Other Expenses	$9M
Operating Expenses	$26M
Cost & Expenses	$33M
OPERATING INCOME	$16M
Interest Income	$42M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$16M
EBITDA	$17M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$50M
Cost of Revenue	$7M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$257.0K
General & Administrative	$16M
SG&A Expenses	$17M
Other Expenses	$9M
Operating Expenses	$26M
Cost & Expenses	$33M
OPERATING INCOME	$16M
Interest Income	$42M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$16M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$1M
EBIT	$16M
EBITDA	$17M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$1M
Stock-Based Compensation	$442.0K
Deferred Income Tax	$24.0K
Other Non-Cash Items	$2M
Change in Working Capital	$312.0K
OPERATING CASH FLOW	$17M
Capital Expenditure	-$873.0K
Acquisitions (Net)	$0
Purchases of Investments	-$15M
Sales/Maturities of Investments	$49M
Other Investing Activities	-$87M
NET CASH FROM INVESTING	-$55M
Net Debt Issuance	$27M
Common Stock Repurchased	-$194.0K
Common Dividends Paid	-$6M
Other Financing Activities	$18M
NET CASH FROM FINANCING	$39M
FREE CASH FLOW	$16M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$18M
Short-Term Investments	$243M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$265M
PP&E (Net)	$14M
Goodwill	$11M
Intangible Assets	$336.0K
Long-Term Investments	$842M
Tax Assets	$0
Other Non-Current Assets	$52M
TOTAL NON-CURRENT ASSETS	$919M
TOTAL ASSETS	$1.2B
Account Payables	$2M
Short-Term Debt	$53M
Deferred Revenue	$0
Other Current Liabilities	$947M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$52M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$8M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$1.1B
Common Stock	$630.0K
Additional Paid-In Capital	$48M
Retained Earnings	$78M
Treasury Stock	-$81.0K
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$122M
Minority Interest	$0
TOTAL EQUITY	$122M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$105M
Net Debt	$87M