Embassy Bancorp, Inc. Financial Statements — EMYB Stock

Income Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	20	20	22	23	24	26	28	31	34	35	40	46	48	41	39
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Sales & Services Revenue	20	20	22	23	24	26	28	31	34	35	40	46	48	41	39
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-8	-8	-8	-9	-10	-10	-12	-13	-14	-15	-13	-14	-15	-16	-16
+ Selling, General & Admin	8	8	8	9	10	10	12	13	14	15	13	14	15	16	16
+ Other Operating Income	-7	- -	-8	-8	-9	-10	-10	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income (Loss)	7	- -	8	8	9	10	10	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	-7	- -	- -	- -	- -	- -	-12	-12	-13	-16	-21	-22	-15	-13
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	-7	- -	- -	- -	- -	- -	-12	-12	-13	-16	-21	-22	-15	-13
Pretax Income	7	7	8	8	9	10	10	12	12	13	16	21	22	15	13
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	2	2	2	2	2	3	3	5	2	2	3	4	4	3	2
Income (Loss) from Cont Ops	5	5	6	6	6	7	7	7	10	11	13	17	18	13	10
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	5	5	6	6	6	7	7	7	10	11	13	17	18	13	10
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	5	5	6	6	6	7	7	7	10	11	13	17	18	13	10
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	5	5	6	6	6	7	7	7	10	11	13	17	18	13	10
Basic Weighted Avg Shares	7	7	7	7	7	7	7	7	7	7	7	8	8	8	- -
Basic EPS, GAAP	0.67	0.72	0.8	0.76	0.87	1.01	0.96	0.98	1.35	1.46	1.71	2.23	2.34	1.67	- -
Basic EPS from Cont Ops	0.67	0.72	0.8	0.76	0.87	1.01	0.96	0.98	1.35	1.46	1.71	2.23	2.34	1.67	- -
Diluted Weighted Avg Shares	7	7	7	7	7	7	7	8	8	8	8	8	8	8	- -
Diluted EPS, GAAP	0.65	0.71	0.8	0.76	0.87	1	0.96	0.97	1.34	1.44	1.7	2.22	2.34	1.67	- -
Diluted EPS from Cont Ops	0.65	0.71	0.8	0.76	0.87	1	0.96	0.97	1.34	1.44	1.7	2.22	2.34	1.67	- -
EBITDA	7	1	9	8	10	11	11	1	1	1	1	1	1	1	1
EBITDA Margin (%)	33.37	3.2	38.99	36.28	39.83	41.88	38.61	2.16	2.28	2.34	1.89	1.9	1.82	2.21	2.93
EBITA	7	- -	8	8	9	10	10	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	7	- -	8	8	9	10	10	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	33.37	- -	36.21	33.6	37.14	39.57	35.99	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	23.59	26.38	26.1	24.21	26.78	28.31	25.73	23.55	29.72	30.71	31.94	36.82	36.57	30.53	26.68
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.02	0.03	0.03	0.05	0.06	0.1	0.13	0.14	0.17	0.2	0.22	0.3	0.35	0.4	- -
Depreciation Expense	- -	1	1	1	1	1	1	1	1	1	1	1	1	1	1

Balance Sheet	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	22	145	127	90	93	96	109	123	118	130	262	479	383	354	143
+ Cash & Cash Equivalents	22	53	35	19	16	19	23	33	28	39	131	169	66	78	96
+ ST Investments	- -	92	92	71	77	77	86	90	91	91	131	310	317	276	47
+ Accounts & Notes Receiv	2	2	2	2	2	2	2	2	2	2	3	3	3	3	4
+ Accounts Receivable, Net	2	2	2	2	2	2	2	2	2	2	3	3	3	3	4
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-24	-147	-128	-91	-94	-97	-111	-125	-121	-132	-265	-482	-386	-357	-146
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	2	2	2	2	2	2	2	2	2	2	3	4	4	4	3
+ Property, Plant & Equip	5	5	6	6	7	8	9	9	10	11	13	11	12	12	11
- Accumulated Depreciation	3	3	4	4	5	6	6	7	8	9	9	7	8	9	8
+ LT Investments & Receivables	90	92	92	71	77	77	86	90	91	91	131	310	317	276	281
+ LT Investments	90	92	92	71	77	77	86	90	91	91	131	310	317	276	281
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-92	-94	-94	-73	-79	-80	-88	-92	-93	-93	-134	-314	-321	-280	-284
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-92	-94	-94	-73	-79	-80	-88	-92	-93	-93	-134	-314	-321	-280	-284
Total Assets	514	575	643	671	719	804	924	997	1,099	1,176	1,442	1,633	1,640	1,656	1,704
+ Payables & Accruals	1	1	- -	- -	- -	- -	1	1	2	3	2	1	1	8	8
+ Accounts Payable	1	1	- -	- -	- -	- -	1	1	2	3	2	1	1	8	8
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	10	9	39	- -	- -	54	18	- -	- -	- -	35	16
+ ST Borrowings	- -	- -	- -	10	9	39	- -	- -	54	18	- -	- -	- -	35	16
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-1	-1	- -	-10	-9	-40	-1	-1	-56	-21	-2	-1	-1	-43	-23
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-1	-1	- -	-10	-9	-40	-1	-1	-56	-21	-2	-1	-1	-43	-23
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	14	13	13	4	2	4	- -	- -	- -	- -	15	15	- -	- -	- -
+ LT Borrowings	14	13	13	4	2	4	- -	- -	- -	- -	15	15	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-14	-13	-13	-4	-2	-4	- -	- -	- -	- -	-15	-15	- -	- -	- -
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-14	-13	-13	-4	-2	-4	- -	- -	- -	- -	-15	-15	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	477	531	593	617	658	736	851	917	1,012	1,077	1,330	1,511	1,552	1,551	1,598
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	29	30	30	31	31	32	32	32	33	33	34	35	35	36	37
+ Common Stock	7	7	7	7	7	7	7	7	8	8	8	8	8	8	8
+ Additional Paid in Capital	22	23	23	24	24	24	25	25	26	26	26	27	28	28	29
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	1	1	2	2	3	3	3
+ Retained Earnings	7	12	17	23	28	35	41	48	56	66	77	91	107	116	123
+ Other Equity	- -	2	2	1	1	1	- -	- -	-1	1	3	-1	-51	-44	-51
Equity Before Minority Interest	37	44	50	54	61	68	73	80	87	100	112	123	88	106	106
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	37	44	50	54	61	68	73	80	87	100	112	123	88	106	106
Total Liabilities & Equity	514	575	643	671	719	804	924	997	1,099	1,176	1,442	1,633	1,640	1,656	1,704
Shares Outstanding	7	7	7	7	7	7	7	7	7	7	8	8	8	8	8
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-8	-40	-22	-5	-5	25	-23	-33	26	-21	-116	-154	-66	-43	-80
Net Debt to Equity	-23.06	-90.8	-44.57	-8.79	-7.73	36.12	-31.68	-40.79	30.29	-21	-103.64	-125.73	-75.1	-40.63	-75.03
Tangible Common Equity Ratio	7.15	7.7	7.78	8.06	8.53	8.47	7.93	8	7.93	8.47	7.78	7.5	5.38	6.38	6.25
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	5	5	6	6	6	7	7	7	10	11	13	17	18	13	10
+ Depreciation & Amortization	- -	1	1	1	1	1	1	1	1	1	1	1	1	1	1
+ Non-Cash Items	-5	-1	- -	- -	- -	- -	1	2	1	- -	1	-2	- -	-1	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	-1	-1	- -	- -	- -	- -	1	- -	- -	-1	- -	- -	- -	- -
+ Other Non-Cash Adj	-5	1	- -	1	- -	- -	- -	1	1	- -	1	-2	- -	-1	-2
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1
+ Chg in Non-Cash Work Cap	- -	1	1	1	1	- -	1	- -	1	2	-1	-1	1	7	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	1	2	-2	-1	- -	7	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	2	1	1	1	- -	- -	1	- -	- -	2	- -	1	- -	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	7	7	8	8	9	9	10	13	14	14	15	20	19	10
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1	-2	-2	-1	-1	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1	-2	-2	-1	-1	-1
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	- -	1	1	18	-5	- -	-10	-5	-2	3	-38	-185	-70	51	-13
+ Dec in LT Investment	- -	17	27	29	10	18	19	32	15	23	106	52	24	56	32
+ Inc in LT Investment	- -	-16	-26	-11	-15	-19	-29	-37	-17	-20	-145	-236	-93	-5	-44
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1	-35	-85	-61	-43	-81	-107	-60	-107	-56	-133	30	-91	-47	-23
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	1	-34	-85	-43	-48	-83	-118	-66	-111	-53	-174	-156	-161	3	-36
+ Dividends Paid	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1	-2	-2	-3	-3	-3
+ Net Cash From Debt	- -	- -	- -	1	-2	2	-43	- -	54	- -	65	-51	-15	35	- -
+ Cash From Debt	- -	- -	- -	10	- -	6	- -	- -	54	- -	77	- -	- -	35	- -
+ Repayments of Debt	- -	- -	- -	-9	-2	-4	-43	- -	- -	- -	-11	-51	-15	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	-1	-1	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -	-1	-1	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	55	62	22	42	76	158	66	40	53	189	232	56	-43	47
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	- -	54	61	23	39	77	113	65	92	51	252	179	39	-11	44
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	26	-16	-12	-1	3	5	9	-6	12	92	38	-102	12	18
Capital Expenditures	- -	- -	-1	- -	- -	-1	-1	- -	-1	-1	-2	-2	-1	-1	-1
EBITDA	7	1	9	8	10	11	11	1	1	1	1	1	1	1	1
EBITDA Margin (%)	33.37	3.2	38.99	36.28	39.83	41.88	38.61	2.16	2.28	2.34	1.89	1.9	1.82	2.21	2.93
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	- -	6	7	7	7	7	9	10	12	14	12	14	19	19	9
Free Cash Flow to Firm	- -	6	7	7	7	7	9	10	12	14	12	14	19	19	9
Free Cash Flow to Equity	- -	6	6	9	5	9	-35	10	66	14	77	-37	5	54	9
Free Cash Flow per Basic Share	-0.05	0.87	0.91	1.01	1.01	0.97	1.16	1.33	1.58	1.81	1.56	1.83	2.54	2.46	- -
Price/Free Cash Flow	-104.43	3.06	4.3	5.76	8.07	7.01	8.58	9.62	7.17	8.27	6.4	8.41	6.39	5.33	- -
Cash Flow to Net Income	-0.08	1.28	1.25	1.4	1.2	1.15	1.29	1.43	1.27	1.31	1.06	0.91	1.12	1.54	0.95

Embassy Bancorp, Inc.

Income Statement

Balance Sheet

Cash Flow Statement