OVLY FY 2011 Earnings Report — Oak Valley Bancorp Revenue & Financial Results | Market Cap Arena

Oak Valley BancorpOVLY

FY 2011 Earnings

Reported March 30, 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	$30M	—	$31M	—	-3.6%
Op. Income	$9M	—	$7M	—	29.5%
Gross Margin	89.4%	—	77.4%	—	12.0pp
Net Margin	19.8%	—	15.1%	—	4.7pp
EPS (Diluted)	$0.61	—	$0.49	—	24.5%
Free Cash Flow	$6M	—	$7M	—	-18.4%

Revenue Flow

Item	Amount
REVENUE	$30M
Cost of Revenue	$3M
GROSS PROFIT	$26M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$8M
Operating Expenses	$17M
Cost & Expenses	$21M
OPERATING INCOME	$9M
Interest Income	$27M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
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	$5M
D&A	$998.0K
EBIT	$9M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$30M
Cost of Revenue	$3M
GROSS PROFIT	$26M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$9M
SG&A Expenses	$9M
Other Expenses	$8M
Operating Expenses	$17M
Cost & Expenses	$21M
OPERATING INCOME	$9M
Interest Income	$27M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$9M
Income Tax Expense	$3M
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	$5M
D&A	$998.0K
EBIT	$9M
EBITDA	$10M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$998.0K
Stock-Based Compensation	$48.5K
Deferred Income Tax	$205.2K
Other Non-Cash Items	$1M
Change in Working Capital	$2M
OPERATING CASH FLOW	$10M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$55M
Sales/Maturities of Investments	$20M
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$5M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$59M
NET CASH FROM FINANCING	$53M
FREE CASH FLOW	$6M
Net Change in Cash	$32M

Balance Sheet

Item	Amount
Cash & Equivalents	$73M
Short-Term Investments	$90M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$166M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$388M
Tax Assets	$2M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$446M
TOTAL ASSETS	$612M
Account Payables	$3M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$536M
TOTAL CURRENT LIABILITIES	$539M
Long-Term Debt	$3M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3M
TOTAL LIABILITIES	$542M
Common Stock	$23M
Additional Paid-In Capital	$2M
Retained Earnings	$29M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$70M
Minority Interest	$0
TOTAL EQUITY	$70M
TOTAL LIABILITIES & EQUITY	$612M
Total Debt	$3M
Net Debt	-$70M