PFIS FY 2019 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2019 Earnings

Reported March 16, 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	$109M	—	$98M	—	10.4%
Op. Income	$29M	—	$28M	—	2.0%
Gross Margin	77.9%	—	82.2%	—	-4.3pp
Net Margin	23.7%	—	25.3%	—	-1.6pp
EPS (Diluted)	$3.72	—	$3.37	—	10.4%
Free Cash Flow	$31M	—	$29M	—	10.2%

Revenue Flow

Item	Amount
REVENUE	$109M
Cost of Revenue	$24M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$24M
Operating Expenses	$56M
Cost & Expenses	$80M
OPERATING INCOME	$29M
Interest Income	$93M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$3M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$4M
EBIT	$29M
EBITDA	$33M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$109M
Cost of Revenue	$24M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$32M
SG&A Expenses	$32M
Other Expenses	$24M
Operating Expenses	$56M
Cost & Expenses	$80M
OPERATING INCOME	$29M
Interest Income	$93M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$29M
Income Tax Expense	$3M
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$4M
EBIT	$29M
EBITDA	$33M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$4M
Stock-Based Compensation	$554.0K
Deferred Income Tax	$394.0K
Other Non-Cash Items	$7M
Change in Working Capital	-$758.0K
OPERATING CASH FLOW	$37M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$125M
Sales/Maturities of Investments	$68M
Other Investing Activities	-$122M
NET CASH FROM INVESTING	-$185M
Net Debt Issuance	$60M
Common Stock Repurchased	-$634.0K
Common Dividends Paid	-$10M
Other Financing Activities	$96M
NET CASH FROM FINANCING	$146M
FREE CASH FLOW	$31M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$330M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$369M
PP&E (Net)	$48M
Goodwill	$63M
Intangible Assets	$2M
Long-Term Investments	$1.9B
Tax Assets	$3M
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$2.5B
Account Payables	$1M
Short-Term Debt	$152M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.1B
Long-Term Debt	$33M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19M
TOTAL NON-CURRENT LIABILITIES	$51M
TOTAL LIABILITIES	$2.2B
Common Stock	$15M
Additional Paid-In Capital	$135M
Retained Earnings	$152M
Treasury Stock	$0
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$299M
Minority Interest	$0
TOTAL EQUITY	$299M
TOTAL LIABILITIES & EQUITY	$2.5B
Total Debt	$185M
Net Debt	$154M