PEBK FY 2010 Earnings Report — Peoples Bancorp of North Carolina, Inc. Revenue & Financial Results | Market Cap Arena

Peoples Bancorp of North Carolina, Inc.PEBK

FY 2010 Earnings

Reported March 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$62M	—	$63M	—	-1.6%
Op. Income	$2M	—	$4M	—	-57.0%
Gross Margin	50.0%	—	55.7%	—	-5.7pp
Net Margin	3.0%	—	4.7%	—	-1.7pp
EPS (Diluted)	$0.07	—	$0.27	—	-73.1%
Free Cash Flow	$16M	—	$3M	—	428.3%

Revenue Flow

Item	Amount
REVENUE	$62M
Cost of Revenue	$31M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$15M
Operating Expenses	$29M
Cost & Expenses	$60M
OPERATING INCOME	$2M
Interest Income	$48M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	-$11.0K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447.0K
D&A	$5M
EBIT	$2M
EBITDA	$7M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$62M
Cost of Revenue	$31M
GROSS PROFIT	$31M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$15M
Operating Expenses	$29M
Cost & Expenses	$60M
OPERATING INCOME	$2M
Interest Income	$48M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$2M
Income Tax Expense	-$11.0K
Net Income from Continuing Ops	$2M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$447.0K
D&A	$5M
EBIT	$2M
EBITDA	$7M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$2M
Depreciation & Amortization	$5M
Stock-Based Compensation	$10.0K
Deferred Income Tax	-$523.0K
Other Non-Cash Items	$14M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$233M
Sales/Maturities of Investments	$153M
Other Investing Activities	$37M
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	-$6M
Common Stock Repurchased	$0
Common Dividends Paid	-$447.0K
Other Financing Activities	$27M
NET CASH FROM FINANCING	$19M
FREE CASH FLOW	$16M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$25M
Short-Term Investments	$0
Net Receivables	$25M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$50M
PP&E (Net)	$17M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$993M
Tax Assets	$0
Other Non-Current Assets	$8M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.1B
Account Payables	$0
Short-Term Debt	$36M
Deferred Revenue	$0
Other Current Liabilities	$839M
TOTAL CURRENT LIABILITIES	$874M
Long-Term Debt	$91M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$96M
TOTAL LIABILITIES	$971M
Common Stock	$0
Additional Paid-In Capital	$48M
Retained Earnings	$24M
Treasury Stock	$0
Accum. Other Comp. Income	$387.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$97M
Minority Interest	$0
TOTAL EQUITY	$97M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$126M
Net Debt	$102M