First National Corporation

FXNC

FXNCFirst National Corporation US flag

NASDAQ Capital Market

27.52

USD

-0.69

- -

248.81MMarket Cap

Income Statement (USD)

API Chat

	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	2025 Y
Sales/Revenue/Turnover	25	26	24	25	28	31	33	36	36	37	44	57	54	64	88
+ Sales & Services Revenue	25	26	24	25	28	31	33	36	36	37	44	57	54	64	88
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	11	11	12	11	15	14	14	14	14	14	19	22	23	27	36
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-11	-11	-12	-11	-15	-14	-14	-14	-14	-14	-19	-22	-23	-27	-36
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	7	-4	-5	-11	-4	-8	-10	-12	-12	-11	-13	-21	-12	-8	-22
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	7	-4	-5	-11	-4	-8	-10	-12	-12	-11	-13	-21	-12	-8	-22
Pretax Income	-7	4	5	11	4	8	10	12	12	11	13	21	12	8	22
- Income Tax Expense (Benefit)	4	1	-5	3	1	2	4	2	2	2	3	4	2	1	4
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	-11	3	10	8	3	6	6	10	10	9	10	17	10	7	18
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	-11	3	10	8	3	6	6	10	10	9	10	17	10	7	18
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	-11	3	10	8	3	6	6	10	10	9	10	17	10	7	18
- Preferred Dividends	1	1	1	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	-12	2	9	6	2	6	6	10	10	9	10	17	10	7	18
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	1	1	1	1	2	2	2	2	2	1	1	2	2	2	5
EBITDA Margin (%)	4.67	4.3	4.14	3.87	6.67	6.89	6.13	5.02	4.59	4	3.2	2.66	3.02	3.73	5.15
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	-43.26	10.86	40.39	30.04	9.45	19.13	19.69	28.17	26.79	24.13	23.61	29.54	17.96	10.82	20.17
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.44	0.19	0.15	0.28	0.35	0.11	0.13	0.19	0.34	0.41	0.45	0.53	0.57	0.58	0.61
Depreciation Expense	1	1	1	1	2	2	2	2	2	1	1	2	2	2	5
Basic Weighted Avg Shares	3	4	5	5	5	5	5	5	5	5	6	6	6	7	9
Basic EPS, GAAP	-4.01	0.48	1.83	1.32	0.31	1.2	1.3	2.05	1.92	1.82	1.87	2.69	1.54	1	1.97
Basic EPS from Cont Ops	-3.71	0.71	2.01	1.56	0.54	1.2	1.3	2.05	1.92	1.82	1.87	2.69	1.54	1	1.97
Diluted Weighted Avg Shares	3	4	5	5	5	5	5	5	5	5	6	6	6	7	9
Diluted EPS, GAAP	-4.01	0.48	1.83	1.32	0.31	1.2	1.3	2.04	1.92	1.82	1.86	2.68	1.53	1	1.96
Diluted EPS from Cont Ops	-3.71	0.71	2.01	1.56	0.54	1.2	1.3	2.04	1.92	1.82	1.86	2.68	1.53	1	1.96

Balance Sheet (USD)

API Chat

	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	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	121	120	135	108	145	136	129	128	167	268	466	230	240	327	178
+ Cash & Cash Equivalents	30	31	32	25	39	41	40	29	46	127	176	67	87	163	161
+ ST Investments	92	89	103	83	106	95	89	100	121	140	289	163	153	164	17
+ Accounts & Notes Receiv	2	1	1	1	2	2	2	2	2	3	4	5	5	6	6
+ Accounts Receivable, Net	2	1	1	1	2	2	2	2	2	3	4	5	5	6	6
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-123	-122	-136	-109	-147	-138	-131	-131	-169	-270	-469	-234	-245	-333	-184
+ 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	20	19	17	16	21	21	20	20	20	19	22	22	22	35	35
+ Property, Plant & Equip	31	31	29	29	36	29	30	31	31	32	36	34	36	50	53
- Accumulated Depreciation	12	13	12	13	14	9	10	11	12	13	14	12	14	16	18
+ LT Investments & Receivables	92	89	103	83	172	148	137	143	139	154	323	316	301	274	320
+ LT Investments	92	89	103	83	172	148	137	143	139	154	323	316	301	274	320
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-111	-108	-120	-99	-193	-169	-157	-163	-158	-174	-345	-338	-323	-308	-355
+ Total Intangible Assets	- -	- -	- -	- -	2	2	1	- -	- -	- -	3	3	3	18	16
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	3	3	3	3	3
+ Other Intangible Assets	- -	- -	- -	- -	2	2	1	- -	- -	- -	- -	- -	- -	15	13
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-111	-108	-120	-99	-196	-171	-158	-164	-159	-174	-349	-341	-326	-326	-371
Total Assets	539	533	523	518	692	716	739	753	800	951	1,389	1,369	1,419	2,010	2,038
+ Payables & Accruals	4	6	3	5	5	4	2	1	2	4	4	5	- -	- -	- -
+ Accounts Payable	4	6	3	5	5	4	2	1	2	4	4	5	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	50	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	50	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-4	-6	-3	-5	-5	-4	-2	-1	-2	-4	-4	-5	-50	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-4	-6	-3	-5	-5	-4	-2	-1	-2	-4	-4	-5	-50	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	28	15	15	9	14	14	14	14	14	19	19	14	14	30	43
+ LT Borrowings	28	15	15	9	14	14	14	14	14	19	19	14	14	30	43
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-28	-15	-15	-9	-14	-14	-14	-14	-14	-19	-19	-14	-14	-30	-43
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-28	-15	-15	-9	-14	-14	-14	-14	-14	-19	-19	-14	-14	-30	-43
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	502	488	469	459	646	664	681	686	723	866	1,272	1,261	1,303	1,844	1,852
+ Preferred Equity and Hybrid Capital	14	14	15	15	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	5	13	13	13	13	13	13	14	14	12	40	41	41	88	89
+ Common Stock	4	6	6	6	6	6	6	6	6	6	8	8	8	11	11
+ Additional Paid in Capital	2	7	7	7	7	7	7	7	8	6	32	33	33	77	78
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	17	18	27	34	34	40	46	55	63	69	77	90	94	97	109
+ Other Equity	1	-1	-1	-2	-2	-1	-1	-2	1	3	- -	-22	-19	-19	-12
Equity Before Minority Interest	37	45	54	60	46	52	58	67	77	85	117	108	116	167	186
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	37	45	54	60	46	52	58	67	77	85	117	108	116	167	186
Total Liabilities & Equity	539	533	523	518	692	716	739	753	800	951	1,389	1,369	1,419	2,010	2,038
Shares Outstanding	3	5	5	5	5	5	5	5	5	5	6	6	6	9	9
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-1	-16	-16	-16	-25	-27	-26	-14	-32	-108	-157	-53	-23	-132	-118
Net Debt to Equity	-3.09	-34.92	-30.2	-26.09	-54.71	-51.55	-44.29	-21.56	-40.82	-127.22	-133.92	-48.58	-19.68	-79.52	-63.55
Tangible Common Equity Ratio	4.24	5.72	7.46	8.67	6.32	7.08	7.75	8.8	9.63	8.93	8.21	7.7	7.99	7.45	8.41
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	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	2025 Y
+ Net Income	-11	3	10	8	3	6	6	10	10	9	10	17	10	7	18
+ Depreciation & Amortization	1	1	1	1	2	2	2	2	2	1	1	2	2	2	5
+ Non-Cash Items	22	4	-3	-1	- -	1	2	1	1	2	-2	4	6	4	3
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
+ Deferred Income Taxes	6	- -	-5	2	- -	- -	1	- -	- -	-1	-2	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	15	4	2	-3	- -	- -	- -	1	1	3	- -	3	6	4	1
+ Chg in Non-Cash Work Cap	-2	4	1	- -	- -	- -	-4	1	- -	2	-2	5	-1	-36	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	1	-1	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	1	1	- -	- -	- -	-2	- -	- -	2	-1	1	-1	-39	1
+ Inc (Dec) in Other	-1	4	- -	-1	- -	- -	-1	1	-1	1	-2	5	- -	3	-1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	10	12	9	7	5	9	7	14	12	15	8	27	16	-22	25
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	-1	- -	-2	-1	-1	-2	-1	-1	-1	-1	-2	-3	-4
+ Acq of Fixed Prod Assets	- -	-1	-1	- -	-2	-1	-1	-2	-1	-1	-1	-1	-2	-3	-4
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	8	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	-1	- -	- -
+ Increase in Capital Stock	- -	8	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	- -	- -	-1	- -	- -
+ Net Change in LT Investment	-30	2	-18	22	-90	22	10	-7	7	-14	-162	-27	19	89	-39
+ Dec in LT Investment	27	56	24	36	20	36	33	20	24	37	59	48	21	114	38
+ Inc in LT Investment	-57	-54	-42	-14	-110	-14	-23	-28	-17	-51	-221	-75	-2	-26	-77
+ Net Cash From Acq & Div	- -	- -	- -	- -	180	- -	- -	- -	- -	- -	-44	- -	- -	70	- -
+ Cash from Divestitures	- -	- -	- -	- -	180	- -	- -	- -	- -	- -	39	- -	- -	70	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-84	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	30	-4	27	-21	-63	-46	-35	-21	-35	-56	81	-92	-51	-19	12
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	-2	9	- -	25	-25	-27	-30	-29	-70	-126	-120	-34	137	-29
+ Dividends Paid	-1	-1	-1	-1	-2	-1	-1	-1	-2	-2	-3	-3	-4	-4	-6
+ Net Cash From Debt	-1	-13	- -	-6	5	- -	- -	- -	- -	5	- -	-5	50	-50	12
+ Cash From Debt	42	- -	- -	- -	5	- -	- -	- -	- -	5	- -	- -	50	- -	25
+ Repayments of Debt	-43	-13	- -	-6	- -	- -	- -	- -	- -	- -	- -	-5	- -	-50	-13
+ Other Financing Activities	6	-2	-16	-6	-18	19	20	6	36	136	170	-7	-8	15	-4
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	3	-8	-17	-14	-15	18	19	5	34	137	167	-16	38	-39	2
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	14	2	- -	-7	14	2	-1	-11	17	82	49	-109	20	76	-2
EBITDA	1	1	1	1	2	2	2	2	2	1	1	2	2	2	5
EBITDA Margin (%)	4.67	4.3	4.14	3.87	6.67	6.89	6.13	5.02	4.59	4	3.2	2.66	3.02	3.73	5.15
Free Cash Flow	10	12	8	7	3	8	5	12	11	14	7	26	15	-26	21
Net Cash Paid for Acquisitions	- -	- -	- -	- -	-180	- -	- -	- -	- -	- -	44	- -	- -	-70	- -
Free Cash Flow to Firm	- -	12	- -	7	3	8	5	12	11	14	7	26	15	-26	21
Free Cash Flow to Equity	8	-2	7	-1	-8	8	5	12	11	19	7	21	65	-75	34
Free Cash Flow per Basic Share	3.37	2.96	1.66	1.33	0.53	1.62	1.11	2.47	2.18	2.91	1.27	4.09	2.32	-3.67	2.33
Price/Free Cash Flow	1.63	1.62	3	5.67	6.66	6.31	11.65	6.29	8.25	5.15	14.69	3.84	7.48	-8.49	7.77
Cash Flow to Net Income	-0.95	4.36	0.88	0.92	1.73	1.53	1.02	1.36	1.24	1.7	0.76	1.59	1.7	-3.19	1.42
Capital Expenditures	- -	-1	-1	- -	-2	-1	-1	-2	-1	-1	-1	-1	-2	-3	-4