OVBC FY 2016 Earnings Report — Ohio Valley Banc Corp. Revenue & Financial Results | Market Cap Arena

Ohio Valley Banc Corp.OVBC

FY 2016 Earnings

Reported March 16, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$48M	—	$45M	—	5.9%
Op. Income	$9M	—	$11M	—	-22.3%
Gross Margin	87.7%	—	91.3%	—	-3.5pp
Net Margin	14.5%	—	19.1%	—	-4.5pp
EPS (Diluted)	$1.59	—	$2.08	—	-23.6%
Free Cash Flow	$12M	—	$8M	—	38.3%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$915.0K
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$10M
Operating Expenses	$33M
Cost & Expenses	$39M
OPERATING INCOME	$9M
Interest Income	$39M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$6M
GROSS PROFIT	$42M
R&D Expenses	$0
Selling & Marketing	$915.0K
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$10M
Operating Expenses	$33M
Cost & Expenses	$39M
OPERATING INCOME	$9M
Interest Income	$39M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$2M
Net Income from Continuing Ops	$7M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$7M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$1M
EBIT	$9M
EBITDA	$10M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$1M
Stock-Based Compensation	$575.0K
Deferred Income Tax	-$725.0K
Other Non-Cash Items	$3M
Change in Working Capital	$3M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$2M
Acquisitions (Net)	$2M
Purchases of Investments	-$22M
Sales/Maturities of Investments	$22M
Other Investing Activities	-$38M
NET CASH FROM INVESTING	-$38M
Net Debt Issuance	$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$10M
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	$12M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$96M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$141M
PP&E (Net)	$13M
Goodwill	$8M
Intangible Assets	$670.0K
Long-Term Investments	$746M
Tax Assets	$0
Other Non-Current Assets	$47M
TOTAL NON-CURRENT ASSETS	$814M
TOTAL ASSETS	$955M
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$790M
TOTAL CURRENT LIABILITIES	$805M
Long-Term Debt	$46M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$46M
TOTAL LIABILITIES	$850M
Common Stock	$5M
Additional Paid-In Capital	$47M
Retained Earnings	$69M
Treasury Stock	-$16M
Accum. Other Comp. Income	-$991.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$105M
Minority Interest	$0
TOTAL EQUITY	$105M
TOTAL LIABILITIES & EQUITY	$955M
Total Debt	$46M
Net Debt	$4M