WNEB FY 2007 Earnings Report — Western New England Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Western New England Bancorp, Inc.WNEB

FY 2007 Earnings

Reported March 14, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$58M	—	$46M	—	27.8%
Op. Income	$13M	—	$6M	—	102.6%
Gross Margin	59.1%	—	56.2%	—	2.9pp
Net Margin	15.0%	—	10.2%	—	4.7pp
EPS (Diluted)	$0.29	—	$0.05	—	534.6%
Free Cash Flow	$12M	—	$4M	—	170.0%

Revenue Flow

Item	Amount
REVENUE	$58M
Cost of Revenue	$24M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$8M
Operating Expenses	$22M
Cost & Expenses	$46M
OPERATING INCOME	$13M
Interest Income	$54M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$1M
EBIT	$13M
EBITDA	$14M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$58M
Cost of Revenue	$24M
GROSS PROFIT	$34M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$8M
Operating Expenses	$22M
Cost & Expenses	$46M
OPERATING INCOME	$13M
Interest Income	$54M
Interest Expense	$23M
Other Income/Expenses	$0
INCOME BEFORE TAX	$13M
Income Tax Expense	$4M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$1M
EBIT	$13M
EBITDA	$14M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$1M
Stock-Based Compensation	$0
Deferred Income Tax	-$184.0K
Other Non-Cash Items	$2M
Change in Working Capital	$1M
OPERATING CASH FLOW	$13M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$234M
Sales/Maturities of Investments	$119M
Other Investing Activities	-$41M
NET CASH FROM INVESTING	-$157M
Net Debt Issuance	$67M
Common Stock Repurchased	$0
Common Dividends Paid	-$12M
Other Financing Activities	-$22M
NET CASH FROM FINANCING	$27M
FREE CASH FLOW	$12M
Net Change in Cash	-$117M

Balance Sheet

Item	Amount
Cash & Equivalents	$17M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$22M
PP&E (Net)	$13M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$938M
Tax Assets	$0
Other Non-Current Assets	$67M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.0B
Account Payables	$0
Short-Term Debt	$35M
Deferred Revenue	$0
Other Current Liabilities	$603M
TOTAL CURRENT LIABILITIES	$638M
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10M
TOTAL NON-CURRENT LIABILITIES	$115M
TOTAL LIABILITIES	$753M
Common Stock	$319.0K
Additional Paid-In Capital	$209M
Retained Earnings	$93M
Treasury Stock	$0
Accum. Other Comp. Income	-$16M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$287M
Minority Interest	$0
TOTAL EQUITY	$287M
TOTAL LIABILITIES & EQUITY	$1.0B
Total Debt	$140M
Net Debt	$124M