PFIS FY 2013 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2013 Earnings

Reported March 17, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$47M	—	$46M	—	0.8%
Op. Income	$6M	—	$14M	—	-54.5%
Gross Margin	86.0%	—	86.4%	—	-0.4pp
Net Margin	12.3%	—	22.9%	—	-10.6pp
EPS (Diluted)	$1.07	—	$2.37	—	-54.9%
Free Cash Flow	$12M	—	$9M	—	43.9%

Revenue Flow

Item	Amount
REVENUE	$47M
Cost of Revenue	$7M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$18M
Operating Expenses	$34M
Cost & Expenses	$40M
OPERATING INCOME	$6M
Interest Income	$37M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$485.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$6M
EBITDA	$7M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$47M
Cost of Revenue	$7M
GROSS PROFIT	$40M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$18M
Operating Expenses	$34M
Cost & Expenses	$40M
OPERATING INCOME	$6M
Interest Income	$37M
Interest Expense	$4M
Other Income/Expenses	$0
INCOME BEFORE TAX	$6M
Income Tax Expense	$485.0K
Net Income from Continuing Ops	$6M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$6M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$6M
D&A	$1M
EBIT	$6M
EBITDA	$7M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$6M
Depreciation & Amortization	$1M
Stock-Based Compensation	$25.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$2M
Change in Working Capital	$5M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$614.0K
Acquisitions (Net)	$22M
Purchases of Investments	-$25M
Sales/Maturities of Investments	$34M
Other Investing Activities	-$49M
NET CASH FROM INVESTING	-$18M
Net Debt Issuance	-$15M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$29M
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	$12M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$300M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$347M
PP&E (Net)	$26M
Goodwill	$64M
Intangible Assets	$8M
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$50M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$723.0K
Short-Term Debt	$44M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$37M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$12M
TOTAL NON-CURRENT LIABILITIES	$25M
TOTAL LIABILITIES	$1.4B
Common Stock	$16M
Additional Paid-In Capital	$146M
Retained Earnings	$83M
Treasury Stock	-$6M
Accum. Other Comp. Income	-$698.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$239M
Minority Interest	$0
TOTAL EQUITY	$239M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$81M
Net Debt	$39M