PEBK FY 2019 Earnings Report — Peoples Bancorp of North Carolina, Inc. Revenue & Financial Results | Market Cap Arena

Peoples Bancorp of North Carolina, Inc.PEBK

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	$64M	—	$58M	—	10.4%
Op. Income	$17M	—	$16M	—	7.5%
Gross Margin	92.7%	—	94.9%	—	-2.2pp
Net Margin	22.2%	—	23.3%	—	-1.1pp
EPS (Diluted)	$2.36	—	$2.22	—	6.3%
Free Cash Flow	$10M	—	$15M	—	-32.9%

Revenue Flow

Item	Amount
REVENUE	$64M
Cost of Revenue	$5M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$46M
OPERATING INCOME	$17M
Interest Income	$50M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$4M
EBIT	$17M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$64M
Cost of Revenue	$5M
GROSS PROFIT	$59M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$17M
Operating Expenses	$42M
Cost & Expenses	$46M
OPERATING INCOME	$17M
Interest Income	$50M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$3M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$4M
EBIT	$17M
EBITDA	$21M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$4M
Stock-Based Compensation	$270.0K
Deferred Income Tax	$164.0K
Other Non-Cash Items	-$3M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$54M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$46M
NET CASH FROM INVESTING	-$48M
Net Debt Issuance	-$5M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$4M
Other Financing Activities	$55M
NET CASH FROM FINANCING	$44M
FREE CASH FLOW	$10M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$49M
Short-Term Investments	$196M
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$261M
PP&E (Net)	$22M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$852M
Tax Assets	$0
Other Non-Current Assets	$20M
TOTAL NON-CURRENT ASSETS	$894M
TOTAL ASSETS	$1.2B
Account Payables	$11M
Short-Term Debt	$24M
Deferred Revenue	$0
Other Current Liabilities	$967M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$16M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$19M
TOTAL LIABILITIES	$1.0B
Common Stock	$60M
Additional Paid-In Capital	$0
Retained Earnings	$71M
Treasury Stock	$0
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$134M
Minority Interest	$0
TOTAL EQUITY	$134M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$43M
Net Debt	-$6M