OVBC FY 2014 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2014 Earnings

Reported March 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$45M	—	$44M	—	1.9%
Op. Income	$11M	—	$11M	—	1.3%
Gross Margin	87.5%	—	90.9%	—	-3.4pp
Net Margin	17.8%	—	18.2%	—	-0.4pp
EPS (Diluted)	$1.97	—	$2.00	—	-1.5%
Free Cash Flow	$11M	—	$12M	—	-10.9%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$7M
Operating Expenses	$28M
Cost & Expenses	$34M
OPERATING INCOME	$11M
Interest Income	$36M
Interest Expense	$3M
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	$872.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$6M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$21M
SG&A Expenses	$22M
Other Expenses	$7M
Operating Expenses	$28M
Cost & Expenses	$34M
OPERATING INCOME	$11M
Interest Income	$36M
Interest Expense	$3M
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	$872.0K
EBIT	$11M
EBITDA	$12M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$872.0K
Stock-Based Compensation	$351.0K
Deferred Income Tax	-$517.0K
Other Non-Cash Items	$2M
Change in Working Capital	$1M
OPERATING CASH FLOW	$12M
Capital Expenditure	-$985.0K
Acquisitions (Net)	$810.0K
Purchases of Investments	-$17M
Sales/Maturities of Investments	$16M
Other Investing Activities	-$29M
NET CASH FROM INVESTING	-$30M
Net Debt Issuance	$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$3M
Other Financing Activities	$18M
NET CASH FROM FINANCING	$21M
FREE CASH FLOW	$11M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$85M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$119M
PP&E (Net)	$9M
Goodwill	$1M
Intangible Assets	$0
Long-Term Investments	$609M
Tax Assets	$0
Other Non-Current Assets	$40M
TOTAL NON-CURRENT ASSETS	$660M
TOTAL ASSETS	$779M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$647M
TOTAL CURRENT LIABILITIES	$659M
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$33M
TOTAL LIABILITIES	$692M
Common Stock	$5M
Additional Paid-In Capital	$35M
Retained Earnings	$61M
Treasury Stock	-$16M
Accum. Other Comp. Income	$960.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$86M
Minority Interest	$0
TOTAL EQUITY	$86M
TOTAL LIABILITIES & EQUITY	$779M
Total Debt	$33M
Net Debt	$2M