OVBC FY 2007 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2007 Earnings

Reported March 17, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$60M	—	$58M	—	3.3%
Op. Income	$9M	—	$7M	—	19.7%
Gross Margin	52.4%	—	49.2%	—	3.2pp
Net Margin	10.5%	—	9.3%	—	1.2pp
EPS (Diluted)	$1.52	—	$1.27	—	19.7%
Free Cash Flow	$11M	—	$10M	—	9.2%

Revenue Flow

Item	Amount
REVENUE	$60M
Cost of Revenue	$29M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$10M
Operating Expenses	$23M
Cost & Expenses	$51M
OPERATING INCOME	$9M
Interest Income	$55M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$60M
Cost of Revenue	$29M
GROSS PROFIT	$32M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$13M
SG&A Expenses	$13M
Other Expenses	$10M
Operating Expenses	$23M
Cost & Expenses	$51M
OPERATING INCOME	$9M
Interest Income	$55M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	$908.0K
Other Non-Cash Items	$3M
Change in Working Capital	-$250.0K
OPERATING CASH FLOW	$11M
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$19M
Sales/Maturities of Investments	$10M
Other Investing Activities	-$20M
NET CASH FROM INVESTING	-$26M
Net Debt Issuance	$21M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	$11M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19M
PP&E (Net)	$10M
Goodwill	$3M
Intangible Assets	$0
Long-Term Investments	$724M
Tax Assets	$0
Other Non-Current Assets	$28M
TOTAL NON-CURRENT ASSETS	$764M
TOTAL ASSETS	$783M
Account Payables	$0
Short-Term Debt	$40M
Deferred Revenue	$0
Other Current Liabilities	$589M
TOTAL CURRENT LIABILITIES	$629M
Long-Term Debt	$81M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$12M
TOTAL NON-CURRENT LIABILITIES	$92M
TOTAL LIABILITIES	$722M
Common Stock	$5M
Additional Paid-In Capital	$33M
Retained Earnings	$38M
Treasury Stock	-$13M
Accum. Other Comp. Income	-$115.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$62M
Minority Interest	$0
TOTAL EQUITY	$62M
TOTAL LIABILITIES & EQUITY	$783M
Total Debt	$121M
Net Debt	$105M