PFIS FY 2020 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2020 Earnings

Reported March 16, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$111M	—	$109M	—	2.1%
Op. Income	$34M	—	$29M	—	18.3%
Gross Margin	80.4%	—	77.9%	—	2.5pp
Net Margin	26.5%	—	23.7%	—	2.8pp
EPS (Diluted)	$4.00	—	$3.72	—	7.5%
Free Cash Flow	$35M	—	$31M	—	10.8%

Revenue Flow

Item	Amount
REVENUE	$111M
Cost of Revenue	$22M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$24M
Operating Expenses	$55M
Cost & Expenses	$77M
OPERATING INCOME	$34M
Interest Income	$94M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$5M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$4M
EBIT	$34M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$111M
Cost of Revenue	$22M
GROSS PROFIT	$89M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$24M
Operating Expenses	$55M
Cost & Expenses	$77M
OPERATING INCOME	$34M
Interest Income	$94M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$34M
Income Tax Expense	$5M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$4M
EBIT	$34M
EBITDA	$38M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$4M
Stock-Based Compensation	$570.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$5M
Change in Working Capital	-$534.0K
OPERATING CASH FLOW	$37M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$107M
Sales/Maturities of Investments	$150M
Other Investing Activities	-$242M
NET CASH FROM INVESTING	-$201M
Net Debt Issuance	-$87M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$11M
Other Financing Activities	$466M
NET CASH FROM FINANCING	$361M
FREE CASH FLOW	$35M
Net Change in Cash	$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$45M
Short-Term Investments	$296M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$349M
PP&E (Net)	$47M
Goodwill	$63M
Intangible Assets	$2M
Long-Term Investments	$2.2B
Tax Assets	$4M
Other Non-Current Assets	$238M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.9B
Account Payables	$736.0K
Short-Term Debt	$50M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$48M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$31M
TOTAL NON-CURRENT LIABILITIES	$79M
TOTAL LIABILITIES	$2.6B
Common Stock	$14M
Additional Paid-In Capital	$129M
Retained Earnings	$171M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$317M
Minority Interest	$0
TOTAL EQUITY	$317M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$98M
Net Debt	$53M