PFIS FY 2015 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2015 Earnings

Reported March 11, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$76M	—	$77M	—	-1.1%
Op. Income	$22M	—	$23M	—	-3.7%
Gross Margin	87.2%	—	86.8%	—	0.4pp
Net Margin	23.3%	—	22.9%	—	0.4pp
EPS (Diluted)	$2.36	—	$2.34	—	0.9%
Free Cash Flow	$25M	—	$23M	—	7.1%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$10M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$23M
Operating Expenses	$44M
Cost & Expenses	$54M
OPERATING INCOME	$22M
Interest Income	$63M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
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	$22M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$10M
GROSS PROFIT	$66M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$22M
SG&A Expenses	$22M
Other Expenses	$23M
Operating Expenses	$44M
Cost & Expenses	$54M
OPERATING INCOME	$22M
Interest Income	$63M
Interest Expense	$6M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
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	$22M
EBITDA	$25M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$3M
Stock-Based Compensation	$69.0K
Deferred Income Tax	-$841.0K
Other Non-Cash Items	$11M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$93M
Sales/Maturities of Investments	$143M
Other Investing Activities	-$134M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	$46M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$9M
Other Financing Activities	$30M
NET CASH FROM FINANCING	$62M
FREE CASH FLOW	$25M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$33M
Short-Term Investments	$285M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$324M
PP&E (Net)	$28M
Goodwill	$63M
Intangible Assets	$6M
Long-Term Investments	$1.4B
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$1.5B
TOTAL ASSETS	$1.8B
Account Payables	$560.0K
Short-Term Debt	$38M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.5B
Long-Term Debt	$60M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$15M
TOTAL NON-CURRENT LIABILITIES	$76M
TOTAL LIABILITIES	$1.6B
Common Stock	$15M
Additional Paid-In Capital	$135M
Retained Earnings	$101M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$249M
Minority Interest	$0
TOTAL EQUITY	$249M
TOTAL LIABILITIES & EQUITY	$1.8B
Total Debt	$99M
Net Debt	$66M