NWFL FY 2022 Earnings Report — Norwood Financial Corp. Revenue & Financial Results | Market Cap Arena

Norwood Financial Corp.NWFL

FY 2022 Earnings

Reported March 17, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$86M	—	$79M	—	7.8%
Op. Income	$36M	—	$31M	—	17.9%
Gross Margin	90.5%	—	87.5%	—	3.0pp
Net Margin	34.2%	—	31.4%	—	2.8pp
EPS (Diluted)	$3.58	—	$3.04	—	17.8%
Free Cash Flow	$29M	—	$28M	—	2.3%

Revenue Flow

Item	Amount
REVENUE	$86M
Cost of Revenue	$8M
GROSS PROFIT	$77M
R&D Expenses	$0
Selling & Marketing	$516.0K
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$18M
Operating Expenses	$41M
Cost & Expenses	$49M
OPERATING INCOME	$36M
Interest Income	$76M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$7M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$2M
EBIT	$36M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$86M
Cost of Revenue	$8M
GROSS PROFIT	$77M
R&D Expenses	$0
Selling & Marketing	$516.0K
General & Administrative	$23M
SG&A Expenses	$23M
Other Expenses	$18M
Operating Expenses	$41M
Cost & Expenses	$49M
OPERATING INCOME	$36M
Interest Income	$76M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$7M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$2M
EBIT	$36M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$2M
Stock-Based Compensation	$641.0K
Deferred Income Tax	$419.0K
Other Non-Cash Items	-$2M
Change in Working Capital	$422.0K
OPERATING CASH FLOW	$31M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$131M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$121M
NET CASH FROM INVESTING	-$208M
Net Debt Issuance	$42M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$9M
Other Financing Activities	-$28M
NET CASH FROM FINANCING	$2M
FREE CASH FLOW	$29M
Net Change in Cash	-$175M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$419M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$458M
PP&E (Net)	$18M
Goodwill	$29M
Intangible Assets	$306.0K
Long-Term Investments	$1.5B
Tax Assets	$24M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.0B
Account Payables	$3M
Short-Term Debt	$133M
Deferred Revenue	$0
Other Current Liabilities	$1.7B
TOTAL CURRENT LIABILITIES	$1.9B
Long-Term Debt	$40M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$24M
TOTAL NON-CURRENT LIABILITIES	$16M
TOTAL LIABILITIES	$1.9B
Common Stock	$829.0K
Additional Paid-In Capital	$97M
Retained Earnings	$130M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$57M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$167M
Minority Interest	$0
TOTAL EQUITY	$167M
TOTAL LIABILITIES & EQUITY	$2.0B
Total Debt	$173M
Net Debt	$141M