VABK FY 2015 Earnings Report — Virginia National Bankshares Corporation Revenue & Financial Results | Market Cap Arena

Virginia National Bankshares CorporationVABK

FY 2015 Earnings

Reported March 30, 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	$22M	—	$21M	—	5.9%
Op. Income	$4M	—	$2M	—	83.4%
Gross Margin	93.4%	—	94.0%	—	-0.6pp
Net Margin	14.3%	—	9.2%	—	5.1pp
EPS (Diluted)	$1.14	—	$0.63	—	81.0%
Free Cash Flow	$5M	—	$7M	—	-24.4%

Revenue Flow

Item	Amount
REVENUE	$22M
Cost of Revenue	$1M
GROSS PROFIT	$20M
R&D Expenses	$0
Selling & Marketing	$505.0K
General & Administrative	$10M
SG&A Expenses	$11M
Other Expenses	$5M
Operating Expenses	$16M
Cost & Expenses	$18M
OPERATING INCOME	$4M
Interest Income	$17M
Interest Expense	$974.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$4M
Income Tax Expense	$1M
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$1M
EBIT	$4M
EBITDA	$5M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$22M
Cost of Revenue	$1M
GROSS PROFIT	$20M
R&D Expenses	$0
Selling & Marketing	$505.0K
General & Administrative	$10M
SG&A Expenses	$11M
Other Expenses	$5M
Operating Expenses	$16M
Cost & Expenses	$18M
OPERATING INCOME	$4M
Interest Income	$17M
Interest Expense	$974.0K
Other Income/Expenses	$0
INCOME BEFORE TAX	$4M
Income Tax Expense	$1M
Net Income from Continuing Ops	$3M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$3M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$3M
D&A	$1M
EBIT	$4M
EBITDA	$5M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$3M
Depreciation & Amortization	$1M
Stock-Based Compensation	$30.0K
Deferred Income Tax	$373.0K
Other Non-Cash Items	$832.0K
Change in Working Capital	$20.0K
OPERATING CASH FLOW	$6M
Capital Expenditure	-$367.0K
Acquisitions (Net)	$0
Purchases of Investments	-$27M
Sales/Maturities of Investments	$93M
Other Investing Activities	-$110M
NET CASH FROM INVESTING	-$44M
Net Debt Issuance	$0
Common Stock Repurchased	-$6M
Common Dividends Paid	-$891.0K
Other Financing Activities	$35M
NET CASH FROM FINANCING	$28M
FREE CASH FLOW	$5M
Net Change in Cash	-$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$14M
Short-Term Investments	$75M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$94M
PP&E (Net)	$9M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$420M
Tax Assets	$0
Other Non-Current Assets	$44M
TOTAL NON-CURRENT ASSETS	$473M
TOTAL ASSETS	$568M
Account Payables	$2M
Short-Term Debt	$23M
Deferred Revenue	$0
Other Current Liabilities	$486M
TOTAL CURRENT LIABILITIES	$511M
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$511M
Common Stock	$6M
Additional Paid-In Capital	$22M
Retained Earnings	$28M
Treasury Stock	$0
Accum. Other Comp. Income	-$118.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$56M
Minority Interest	$0
TOTAL EQUITY	$56M
TOTAL LIABILITIES & EQUITY	$568M
Total Debt	$23M
Net Debt	$9M