PFIS FY 2014 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2014 Earnings

Reported March 16, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$77M	—	$47M	—	65.0%
Op. Income	$23M	—	$6M	—	272.3%
Gross Margin	86.8%	—	86.0%	—	0.8pp
Net Margin	22.9%	—	12.3%	—	10.7pp
EPS (Diluted)	$2.34	—	$1.07	—	118.7%
Free Cash Flow	$23M	—	$12M	—	85.9%

Revenue Flow

Item	Amount
REVENUE	$77M
Cost of Revenue	$10M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$23M
Operating Expenses	$44M
Cost & Expenses	$54M
OPERATING INCOME	$23M
Interest Income	$64M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$3M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$77M
Cost of Revenue	$10M
GROSS PROFIT	$67M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$23M
Operating Expenses	$44M
Cost & Expenses	$54M
OPERATING INCOME	$23M
Interest Income	$64M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$5M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$18M
D&A	$3M
EBIT	$23M
EBITDA	$26M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$3M
Stock-Based Compensation	$70.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$5M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$24M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$104M
Sales/Maturities of Investments	$65M
Other Investing Activities	-$35M
NET CASH FROM INVESTING	-$74M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$109.0K
Common Dividends Paid	-$9M
Other Financing Activities	$46M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$23M
Net Change in Cash	-$20M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$340M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$377M
PP&E (Net)	$25M
Goodwill	$63M
Intangible Assets	$6M
Long-Term Investments	$1.2B
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.7B
Account Payables	$574.0K
Short-Term Debt	$20M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$16M
TOTAL NON-CURRENT LIABILITIES	$49M
TOTAL LIABILITIES	$1.5B
Common Stock	$15M
Additional Paid-In Capital	$140M
Retained Earnings	$92M
Treasury Stock	$0
Accum. Other Comp. Income	-$829.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$247M
Minority Interest	$0
TOTAL EQUITY	$247M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$53M
Net Debt	$21M