OVBC FY 2010 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2010 Earnings

Reported March 16, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$53M	—	$55M	—	-4.6%
Op. Income	$7M	—	$9M	—	-25.9%
Gross Margin	63.1%	—	63.5%	—	-0.4pp
Net Margin	9.7%	—	12.0%	—	-2.4pp
EPS (Diluted)	$1.28	—	$1.67	—	-23.4%
Free Cash Flow	$12M	—	$4M	—	194.6%

Revenue Flow

Item	Amount
REVENUE	$53M
Cost of Revenue	$19M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$9M
Operating Expenses	$27M
Cost & Expenses	$46M
OPERATING INCOME	$7M
Interest Income	$47M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$53M
Cost of Revenue	$19M
GROSS PROFIT	$33M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$9M
Operating Expenses	$27M
Cost & Expenses	$46M
OPERATING INCOME	$7M
Interest Income	$47M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$7M
Income Tax Expense	$2M
Net Income from Continuing Ops	$5M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$5M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$5M
D&A	$1M
EBIT	$7M
EBITDA	$8M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$5M
Depreciation & Amortization	$1M
Stock-Based Compensation	$315.0K
Deferred Income Tax	-$462.0K
Other Non-Cash Items	$6M
Change in Working Capital	$340.0K
OPERATING CASH FLOW	$12M
Capital Expenditure	-$673.0K
Acquisitions (Net)	$0
Purchases of Investments	-$78M
Sales/Maturities of Investments	$69M
Other Investing Activities	$6M
NET CASH FROM INVESTING	-$4M
Net Debt Issuance	-$15M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$54M
NET CASH FROM FINANCING	$35M
FREE CASH FLOW	$12M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$60M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$65M
PP&E (Net)	$10M
Goodwill	$1M
Intangible Assets	$0
Long-Term Investments	$740M
Tax Assets	$0
Other Non-Current Assets	$36M
TOTAL NON-CURRENT ASSETS	$786M
TOTAL ASSETS	$852M
Account Payables	$0
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$695M
TOTAL CURRENT LIABILITIES	$742M
Long-Term Debt	$41M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$41M
TOTAL LIABILITIES	$783M
Common Stock	$5M
Additional Paid-In Capital	$33M
Retained Earnings	$46M
Treasury Stock	-$16M
Accum. Other Comp. Income	$217.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$68M
Minority Interest	$0
TOTAL EQUITY	$68M
TOTAL LIABILITIES & EQUITY	$852M
Total Debt	$79M
Net Debt	$20M