OVLY FY 2018 Earnings Report — Oak Valley Bancorp Revenue & Financial Results | Market Cap Arena

Oak Valley BancorpOVLY

FY 2018 Earnings

Reported March 11, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$45M	—	$41M	—	8.9%
Op. Income	$15M	—	$15M	—	0.7%
Gross Margin	95.2%	—	96.6%	—	-1.4pp
Net Margin	25.7%	—	22.1%	—	3.6pp
EPS (Diluted)	$1.42	—	$1.13	—	25.7%
Free Cash Flow	$13M	—	$7M	—	77.5%

Revenue Flow

Item	Amount
REVENUE	$45M
Cost of Revenue	$2M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$11M
Operating Expenses	$27M
Cost & Expenses	$30M
OPERATING INCOME	$15M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$15M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$45M
Cost of Revenue	$2M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$11M
Operating Expenses	$27M
Cost & Expenses	$30M
OPERATING INCOME	$15M
Interest Income	$40M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$4M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$1M
EBIT	$15M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$1M
Stock-Based Compensation	$431.0K
Deferred Income Tax	$0
Other Non-Cash Items	$889.0K
Change in Working Capital	$396.0K
OPERATING CASH FLOW	$14M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$53M
Sales/Maturities of Investments	$21M
Other Investing Activities	-$49M
NET CASH FROM INVESTING	-$83M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$48M
NET CASH FROM FINANCING	$46M
FREE CASH FLOW	$13M
Net Change in Cash	-$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$116M
Short-Term Investments	$207M
Net Receivables	$4M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$327M
PP&E (Net)	$15M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$711M
Tax Assets	$4M
Other Non-Current Assets	$33M
TOTAL NON-CURRENT ASSETS	$767M
TOTAL ASSETS	$1.1B
Account Payables	$9M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$986M
TOTAL CURRENT LIABILITIES	$996M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$996M
Common Stock	$25M
Additional Paid-In Capital	$3M
Retained Earnings	$71M
Treasury Stock	$0
Accum. Other Comp. Income	-$435.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$99M
Minority Interest	$0
TOTAL EQUITY	$99M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$116M