OVBC FY 2013 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2013 Earnings

Reported March 17, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$44M	—	$47M	—	-6.3%
Op. Income	$11M	—	$10M	—	12.6%
Gross Margin	90.9%	—	83.3%	—	7.6pp
Net Margin	18.2%	—	14.9%	—	3.4pp
EPS (Diluted)	$2.00	—	$1.75	—	14.3%
Free Cash Flow	$12M	—	$10M	—	15.5%

Revenue Flow

Item	Amount
REVENUE	$44M
Cost of Revenue	$4M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$791.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$9M
Operating Expenses	$29M
Cost & Expenses	$33M
OPERATING INCOME	$11M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$945.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$44M
Cost of Revenue	$4M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$791.0K
General & Administrative	$20M
SG&A Expenses	$21M
Other Expenses	$9M
Operating Expenses	$29M
Cost & Expenses	$33M
OPERATING INCOME	$11M
Interest Income	$36M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$8M
D&A	$945.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$945.0K
Stock-Based Compensation	$640.0K
Deferred Income Tax	$144.0K
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$20M
Sales/Maturities of Investments	$26M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$946.0K
Net Debt Issuance	-$537.0K
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	-$26M
NET CASH FROM FINANCING	-$30M
FREE CASH FLOW	$12M
Net Change in Cash	-$17M

Balance Sheet

Item	Amount
Cash & Equivalents	$28M
Short-Term Investments	$84M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$114M
PP&E (Net)	$9M
Goodwill	$1M
Intangible Assets	$0
Long-Term Investments	$583M
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$633M
TOTAL ASSETS	$747M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$629M
TOTAL CURRENT LIABILITIES	$640M
Long-Term Debt	$27M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$27M
TOTAL LIABILITIES	$667M
Common Stock	$5M
Additional Paid-In Capital	$35M
Retained Earnings	$56M
Treasury Stock	-$16M
Accum. Other Comp. Income	$249.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$80M
Minority Interest	$0
TOTAL EQUITY	$80M
TOTAL LIABILITIES & EQUITY	$747M
Total Debt	$27M
Net Debt	-$1M