OVLY FY 2014 Earnings Report — Oak Valley Bancorp Revenue & Financial Results | Market Cap Arena

Oak Valley BancorpOVLY

FY 2014 Earnings

Reported March 24, 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	$30M	—	$28M	—	4.6%
Op. Income	$11M	—	$9M	—	24.4%
Gross Margin	104.1%	—	96.0%	—	8.1pp
Net Margin	24.0%	—	20.7%	—	3.2pp
EPS (Diluted)	$0.89	—	$0.74	—	20.3%
Free Cash Flow	$6M	—	$7M	—	-17.2%

Revenue Flow

Item	Amount
REVENUE	$30M
Cost of Revenue	-$1M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$9M
Operating Expenses	$20M
Cost & Expenses	$19M
OPERATING INCOME	$11M
Interest Income	$26M
Interest Expense	$647.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
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	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$30M
Cost of Revenue	-$1M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$11M
SG&A Expenses	$11M
Other Expenses	$9M
Operating Expenses	$20M
Cost & Expenses	$19M
OPERATING INCOME	$11M
Interest Income	$26M
Interest Expense	$647.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$4M
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	$11M
EBITDA	$12M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$7M
Depreciation & Amortization	$1M
Stock-Based Compensation	$271.0K
Deferred Income Tax	-$187.0K
Other Non-Cash Items	-$2M
Change in Working Capital	$1M
OPERATING CASH FLOW	$7M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$18M
Sales/Maturities of Investments	$19M
Other Investing Activities	-$34M
NET CASH FROM INVESTING	-$35M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$1M
Other Financing Activities	$67M
NET CASH FROM FINANCING	$67M
FREE CASH FLOW	$6M
Net Change in Cash	$39M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$121M
Net Receivables	$2M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$257M
PP&E (Net)	$14M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$447M
Tax Assets	$3M
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$492M
TOTAL ASSETS	$750M
Account Payables	$5M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$670M
TOTAL CURRENT LIABILITIES	$675M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$675M
Common Stock	$25M
Additional Paid-In Capital	$3M
Retained Earnings	$46M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$75M
Minority Interest	$0
TOTAL EQUITY	$75M
TOTAL LIABILITIES & EQUITY	$750M
Total Debt	$0
Net Debt	-$132M