PFIS FY 2021 Earnings Report — Peoples Financial Services Corp. Revenue & Financial Results | Market Cap Arena

Peoples Financial Services Corp.PFIS

FY 2021 Earnings

Reported March 16, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$108M	—	$111M	—	-2.7%
Op. Income	$54M	—	$34M	—	56.6%
Gross Margin	89.6%	—	80.4%	—	9.2pp
Net Margin	40.4%	—	26.5%	—	13.9pp
EPS (Diluted)	$6.01	—	$4.00	—	50.2%
Free Cash Flow	$36M	—	$35M	—	2.9%

Revenue Flow

Item	Amount
REVENUE	$108M
Cost of Revenue	$11M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$12M
Operating Expenses	$43M
Cost & Expenses	$54M
OPERATING INCOME	$54M
Interest Income	$94M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$10M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$4M
EBIT	$54M
EBITDA	$57M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$108M
Cost of Revenue	$11M
GROSS PROFIT	$97M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$31M
SG&A Expenses	$31M
Other Expenses	$12M
Operating Expenses	$43M
Cost & Expenses	$54M
OPERATING INCOME	$54M
Interest Income	$94M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$54M
Income Tax Expense	$10M
Net Income from Continuing Ops	$44M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$44M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$44M
D&A	$4M
EBIT	$54M
EBITDA	$57M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$44M
Depreciation & Amortization	$4M
Stock-Based Compensation	$546.0K
Deferred Income Tax	$450.0K
Other Non-Cash Items	-$10M
Change in Working Capital	$2M
OPERATING CASH FLOW	$41M
Capital Expenditure	-$5M
Acquisitions (Net)	$12M
Purchases of Investments	-$359M
Sales/Maturities of Investments	$60M
Other Investing Activities	-$149M
NET CASH FROM INVESTING	-$440M
Net Debt Issuance	-$62M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$11M
Other Financing Activities	$526M
NET CASH FROM FINANCING	$451M
FREE CASH FLOW	$36M
Net Change in Cash	$52M

Balance Sheet

Item	Amount
Cash & Equivalents	$38M
Short-Term Investments	$517M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$563M
PP&E (Net)	$52M
Goodwill	$63M
Intangible Assets	$1M
Long-Term Investments	$2.4B
Tax Assets	$5M
Other Non-Current Assets	$296M
TOTAL NON-CURRENT ASSETS	$2.8B
TOTAL ASSETS	$3.4B
Account Payables	$408.0K
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.0B
TOTAL CURRENT LIABILITIES	$3.0B
Long-Term Debt	$36M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$30M
TOTAL NON-CURRENT LIABILITIES	$66M
TOTAL LIABILITIES	$3.0B
Common Stock	$14M
Additional Paid-In Capital	$128M
Retained Earnings	$204M
Treasury Stock	$0
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$340M
Minority Interest	$0
TOTAL EQUITY	$340M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$36M
Net Debt	-$2M