OVBC FY 2011 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2011 Earnings

Reported March 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$51M	—	$53M	—	-2.7%
Op. Income	$8M	—	$7M	—	19.5%
Gross Margin	70.6%	—	63.1%	—	7.5pp
Net Margin	11.4%	—	9.7%	—	1.7pp
EPS (Diluted)	$1.46	—	$1.28	—	14.1%
Free Cash Flow	$16M	—	$12M	—	35.0%

Revenue Flow

Item	Amount
REVENUE	$51M
Cost of Revenue	$15M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$10M
Operating Expenses	$28M
Cost & Expenses	$43M
OPERATING INCOME	$8M
Interest Income	$44M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
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	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$51M
Cost of Revenue	$15M
GROSS PROFIT	$36M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$19M
SG&A Expenses	$19M
Other Expenses	$10M
Operating Expenses	$28M
Cost & Expenses	$43M
OPERATING INCOME	$8M
Interest Income	$44M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$8M
Income Tax Expense	$2M
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	$8M
EBITDA	$9M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$496.0K
Deferred Income Tax	$340.0K
Other Non-Cash Items	$6M
Change in Working Capital	$2M
OPERATING CASH FLOW	$16M
Capital Expenditure	-$449.0K
Acquisitions (Net)	$0
Purchases of Investments	-$45M
Sales/Maturities of Investments	$45M
Other Investing Activities	$32M
NET CASH FROM INVESTING	$32M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$45M
NET CASH FROM FINANCING	-$56M
FREE CASH FLOW	$16M
Net Change in Cash	-$8M

Balance Sheet

Item	Amount
Cash & Equivalents	$52M
Short-Term Investments	$86M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$142M
PP&E (Net)	$9M
Goodwill	$1M
Intangible Assets	$0
Long-Term Investments	$614M
Tax Assets	$0
Other Non-Current Assets	$38M
TOTAL NON-CURRENT ASSETS	$662M
TOTAL ASSETS	$804M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$688M
TOTAL CURRENT LIABILITIES	$699M
Long-Term Debt	$34M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$34M
TOTAL LIABILITIES	$732M
Common Stock	$5M
Additional Paid-In Capital	$33M
Retained Earnings	$48M
Treasury Stock	-$16M
Accum. Other Comp. Income	$961.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$72M
Minority Interest	$0
TOTAL EQUITY	$72M
TOTAL LIABILITIES & EQUITY	$804M
Total Debt	$34M
Net Debt	-$18M