PFIS FY 2011 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2011 Earnings

Reported March 15, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$49M	—	$30M	—	63.7%
Op. Income	$14M	—	$8M	—	71.2%
Gross Margin	80.2%	—	71.0%	—	9.2pp
Net Margin	21.4%	—	21.6%	—	-0.2pp
EPS (Diluted)	$3.37	—	$2.06	—	63.6%
Free Cash Flow	$13M	—	$10M	—	35.2%

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$10M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$12M
Operating Expenses	$26M
Cost & Expenses	$36M
OPERATING INCOME	$14M
Interest Income	$40M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$746.0K
EBIT	$14M
EBITDA	$14M
EPS	$2
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$10M
GROSS PROFIT	$39M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$12M
Operating Expenses	$26M
Cost & Expenses	$36M
OPERATING INCOME	$14M
Interest Income	$40M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$14M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$746.0K
EBIT	$14M
EBITDA	$14M
EPS	$2
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$746.0K
Stock-Based Compensation	$0
Deferred Income Tax	$217.0K
Other Non-Cash Items	$2M
Change in Working Capital	$729.0K
OPERATING CASH FLOW	$14M
Capital Expenditure	-$739.0K
Acquisitions (Net)	$0
Purchases of Investments	-$28M
Sales/Maturities of Investments	$59M
Other Investing Activities	-$18M
NET CASH FROM INVESTING	$11M
Net Debt Issuance	-$29M
Common Stock Repurchased	-$835.0K
Common Dividends Paid	-$6M
Other Financing Activities	$30M
NET CASH FROM FINANCING	-$5M
FREE CASH FLOW	$13M
Net Change in Cash	$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$3M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$8M
Goodwill	$0
Intangible Assets	$686.0K
Long-Term Investments	$583M
Tax Assets	$0
Other Non-Current Assets	$15M
TOTAL NON-CURRENT ASSETS	$606M
TOTAL ASSETS	$621M
Account Payables	$284.0K
Short-Term Debt	$44M
Deferred Revenue	$0
Other Current Liabilities	$494M
TOTAL CURRENT LIABILITIES	$538M
Long-Term Debt	$19M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$23M
TOTAL LIABILITIES	$562M
Common Stock	$7M
Additional Paid-In Capital	$3M
Retained Earnings	$51M
Treasury Stock	-$5M
Accum. Other Comp. Income	$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$60M
Minority Interest	$0
TOTAL EQUITY	$60M
TOTAL LIABILITIES & EQUITY	$621M
Total Debt	$63M
Net Debt	$52M