OVLY FY 2019 Earnings Report — Oak Valley Bancorp Revenue & Financial Results | Market Cap Arena

Oak Valley BancorpOVLY

FY 2019 Earnings

Reported March 13, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$48M	—	$45M	—	6.2%
Op. Income	$17M	—	$15M	—	8.7%
Gross Margin	95.6%	—	95.2%	—	0.4pp
Net Margin	26.2%	—	25.7%	—	0.5pp
EPS (Diluted)	$1.54	—	$1.42	—	8.5%
Free Cash Flow	$16M	—	$13M	—	23.7%

Revenue Flow

Item	Amount
REVENUE	$48M
Cost of Revenue	$2M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$11M
Operating Expenses	$29M
Cost & Expenses	$31M
OPERATING INCOME	$17M
Interest Income	$43M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
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	$17M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$48M
Cost of Revenue	$2M
GROSS PROFIT	$46M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$17M
SG&A Expenses	$17M
Other Expenses	$11M
Operating Expenses	$29M
Cost & Expenses	$31M
OPERATING INCOME	$17M
Interest Income	$43M
Interest Expense	$2M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
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	$17M
EBITDA	$18M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$1M
Stock-Based Compensation	$549.0K
Deferred Income Tax	$0
Other Non-Cash Items	$704.0K
Change in Working Capital	$2M
OPERATING CASH FLOW	$17M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$27M
Sales/Maturities of Investments	$46M
Other Investing Activities	-$45M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$2M
Other Financing Activities	$33M
NET CASH FROM FINANCING	$31M
FREE CASH FLOW	$16M
Net Change in Cash	$21M

Balance Sheet

Item	Amount
Cash & Equivalents	$134M
Short-Term Investments	$190M
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$329M
PP&E (Net)	$20M
Goodwill	$0
Intangible Assets	$4M
Long-Term Investments	$749M
Tax Assets	$3M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$819M
TOTAL ASSETS	$1.1B
Account Payables	$15M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$1.0B
Common Stock	$25M
Additional Paid-In Capital	$4M
Retained Earnings	$81M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$113M
Minority Interest	$0
TOTAL EQUITY	$113M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$0
Net Debt	-$134M