Mutual Federal Bancorp, Inc. Financial Statements — MFDB

Income Statement	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Sales/Revenue/Turnover	3	4	3	3	3	2	6	11	8	7	4	3
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Sales & Services Revenue	3	4	3	3	3	2	6	11	8	7	4	3
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	6	10	8	7	5	4
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-1	-1	-1	-1	-1	-1	5	9	7	7	5	3
+ Selling, General & Admin	1	1	1	1	1	1	- -	- -	- -	- -	- -	1
+ Other Operating Income	-1	-2	-1	-1	-1	1	-6	-10	-8	-7	-5	-4
Operating Income (Loss)	1	2	1	1	1	-1	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
Pretax Income	1	2	1	1	1	-1	- -	1	- -	- -	- -	- -
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Income Tax Expense (Benefit)	- -	1	- -	- -	- -	-1	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	2	1	1	- -	-1	- -	1	- -	- -	- -	- -
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	2	1	1	- -	-1	- -	1	- -	- -	- -	- -
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	2	1	1	- -	-1	- -	1	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	2	1	1	- -	-1	- -	1	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	4	4	3	- -	3	3	- -	3	- -
Basic EPS, GAAP	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -	-0.09	- -
Basic EPS from Cont Ops	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -	-0.09	- -
Diluted Weighted Avg Shares	- -	- -	- -	4	4	3	- -	3	3	- -	3	- -
Diluted EPS, GAAP	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -	-0.09	- -
Diluted EPS from Cont Ops	79.3	152.6	74.3	0.12	0.08	-0.27	- -	0.39	0.11	- -	-0.09	- -
EBITDA	1	3	1	1	1	-1	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	48.83	64.78	45.64	32.56	19.34	-61.74	- -	- -	- -	- -	- -	- -
EBITA	1	2	1	1	1	-1	- -	- -	- -	- -	- -	- -
EBIT	1	2	1	1	1	-1	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	43.23	60.06	39.94	28.46	17.38	-63.98	- -	- -	- -	- -	- -	- -
Profit Margin (%)	27.62	37.46	25.04	18.09	9.98	-40.59	4.04	11.62	4.33	-3.26	-6.68	-10.34
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	100	30	- -	- -	0.05	- -	- -	- -	- -	- -	- -
Depreciation Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Balance Sheet	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	4	4	1	2	2	3	8	15	23	12	11	10
+ Cash & Cash Equivalents	4	4	1	2	2	3	8	15	23	12	11	10
+ ST Investments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-4	-4	-1	-3	-3	-4	-8	-16	-23	-12	-12	-10
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Investments & Receivables	32	32	24	20	16	13	1	- -	- -	- -	- -	- -
+ LT Investments	32	32	24	20	16	13	1	- -	- -	- -	- -	- -
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	- -	- -	- -	- -	- -	- -	1	2	2	2	2	2
- Accumulated Depreciation	- -	- -	- -	- -	- -	- -	1	1	1	1	1	1
+ Property, Plant & Equip	- -	- -	- -	- -	- -	- -	3	3	3	3	3	3
+ Other LT Assets	-32	-32	-24	-20	-16	-13	-3	-2	-2	-2	-2	-2
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-32	-32	-24	-20	-16	-13	-3	-2	-2	-2	-2	-2
Total Assets	68	65	64	75	73	71	72	88	92	117	100	97
+ Payables & Accruals	1	1	2	1	1	1	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	1	1	2	1	1	1	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-1	-1	-2	-1	-1	-1	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-1	-1	-2	-1	-1	-1	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	- -	- -	- -	2	5	6	- -	5	5	30	14	18
+ LT Borrowings	- -	- -	- -	2	5	6	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	- -	- -	- -	-2	-5	-6	- -	-5	-5	-30	-14	-18
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	- -	- -	-2	-5	-6	- -	-5	-5	-30	-14	-18
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	49	46	46	47	46	46	57	72	75	100	83	81
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	- -	- -	- -	10	10	10	10	10	10	10	10	10
+ Additional Paid in Capital	- -	- -	- -	10	10	10	10	10	10	10	10	10
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Treasury Stock	- -	- -	- -	- -	1	3	3	3	3	3	3	3
+ Retained Earnings	17	18	18	19	19	18	8	9	10	10	9	9
+ Other Equity	2	1	- -	-1	-1	-1	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	19	19	18	28	27	25	15	17	17	17	16	16
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	19	19	18	28	27	25	15	17	17	17	16	16
Total Liabilities & Equity	68	65	64	75	73	71	72	88	92	117	100	97
Shares Outstanding	4	4	4	4	4	3	3	3	3	3	3	3
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	-4	-4	-1	- -	3	3	-8	-15	-23	-12	-11	-10
Net Debt to Equity	-22.53	-19.87	-6.82	-0.95	10.17	10.28	-51.74	-93.36	-135.72	-70.75	-68.69	-61.41
Tangible Common Equity Ratio	27.9	28.64	28.43	37.61	36.86	34.79	21.15	18.72	18.32	14.15	16.17	16.44
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2003 Y	2004 Y	2005 Y	2006 Y	2007 Y	2008 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y
+ Net Income	1	2	1	1	- -	-1	- -	1	- -	- -	- -	- -
+ Depreciation & Amortization	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	- -	-2	-1	- -	- -	2	-6	-7	10	6	-1	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	-2	-1	- -	- -	2	-6	-7	10	6	-1	- -
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Chg in Non-Cash Work Cap	- -	- -	1	-1	- -	-1	- -	1	-1	- -	- -	- -
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	-1	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	1	-1	- -	-1	- -	1	-1	-1	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	- -	1	2	-1	1	1	-5	-5	10	5	-1	- -
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-1	- -	7	5	3	3	- -	1	- -	- -	- -	- -
+ Dec in LT Investment	16	13	9	7	3	3	- -	1	- -	- -	- -	- -
+ Inc in LT Investment	-17	-13	-2	-2	- -	-1	- -	- -	- -	- -	- -	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	1	2	-10	-14	-1	-1	-2	-2	-7	-41	18	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	- -	2	-3	-9	2	2	-2	-1	-7	-41	18	1
+ Dividends Paid	- -	-1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Cash From Debt	- -	- -	- -	2	3	1	- -	5	- -	25	-17	4
+ Cash From Debt	- -	- -	- -	6	8	4	- -	18	5	122	130	18
+ Repayments of Debt	- -	- -	- -	-4	-4	-3	- -	-13	-5	-96	-146	-15
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	-1	-2	-1	9	-6	-2	-2	9	5	- -	- -	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	-1	-3	-1	11	-3	-2	-2	14	5	25	-17	-2
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	- -	-1	-2	1	- -	1	-9	8	8	-11	-1	-1
Capital Expenditures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	1	3	1	1	1	-1	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	48.83	64.78	45.64	32.56	19.34	-61.74	- -	- -	- -	- -	- -	- -
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	- -	1	2	-1	1	1	-6	-5	10	5	-1	- -
Free Cash Flow to Firm	- -	1	2	-1	1	- -	-6	-5	10	- -	- -	- -
Free Cash Flow to Equity	- -	1	2	1	4	2	-6	- -	10	31	-18	3
Free Cash Flow per Basic Share	40.3	54.3	157	-0.16	0.21	0.16	- -	-1.58	2.89	- -	-0.42	- -
Price/Free Cash Flow	- -	- -	- -	-82.16	46.87	53.99	- -	-2.35	1.21	- -	-4.87	- -
Cash Flow to Net Income	0.51	0.36	2.11	-1.36	2.5	-0.6	-22.92	-3.77	27.22	-25	4.43	0.81

Mutual Federal Bancorp, Inc.

Income Statement

Balance Sheet

Cash Flow Statement