$OPOF
OLD POINT FINANCIAL CORP

2022 Q1 Form 10-Q Financial Statement

#000114036122019420 Filed on May 16, 2022

View on sec.gov

Income Statement

Concept 2022 Q1 2021 Q1
Revenue $13.99M $15.11M
YoY Change -7.46% 13.93%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $514.0K $538.0K
YoY Change -4.46% -1.1%
% of Gross Profit
Operating Expenses $11.65M $11.53M
YoY Change 1.01% -3.09%
Operating Profit
YoY Change
Interest Expense $833.0K $822.0K
YoY Change 1.34% -47.58%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $2.338M $3.582M
YoY Change -34.73% 162.23%
Income Tax $307.0K $570.0K
% Of Pretax Income 13.13% 15.91%
Net Earnings $2.031M $3.012M
YoY Change -32.57% 140.96%
Net Earnings / Revenue 14.52% 19.93%
Basic Earnings Per Share $0.39 $0.58
Diluted Earnings Per Share $0.39 $0.58
COMMON SHARES
Basic Shares Outstanding 5.186M 5.225M
Diluted Shares Outstanding 5.186M 5.225M

Balance Sheet

Concept 2022 Q1 2021 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $158.3M $177.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $32.41M $32.30M
YoY Change 0.33% -8.07%
Goodwill $1.650M
YoY Change 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.216M $900.0K
YoY Change 35.11% 0.0%
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $1.325B $1.258B
YoY Change 5.39% 18.06%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $5.429M $11.00M
YoY Change -50.65% 168.29%
Deferred Revenue
YoY Change
Short-Term Debt $3.528M $6.204M
YoY Change -43.13% 28.79%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.429M $11.00M
YoY Change -50.65% 168.29%
LONG-TERM LIABILITIES
Long-Term Debt $29.44M $0.00
YoY Change -100.0%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $29.44M $0.00
YoY Change -100.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.429M $11.00M
Total Long-Term Liabilities $29.44M $0.00
Total Liabilities $1.217B $1.140B
YoY Change 6.81% 19.31%
SHAREHOLDERS EQUITY
Retained Earnings $68.25M
YoY Change 7.3%
Common Stock $47.30M
YoY Change 0.72%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $108.1M $117.9M
YoY Change
Total Liabilities & Shareholders Equity $1.325B $1.258B
YoY Change 5.39% 18.06%

Cashflow Statement

Concept 2022 Q1 2021 Q1
OPERATING ACTIVITIES
Net Income $2.031M $3.012M
YoY Change -32.57% 140.96%
Depreciation, Depletion And Amortization $514.0K $538.0K
YoY Change -4.46% -1.1%
Cash From Operating Activities $4.532M $14.19M
YoY Change -68.07% -1165.47%
INVESTING ACTIVITIES
Capital Expenditures $197.0K $126.0K
YoY Change 56.35% -65.76%
Acquisitions
YoY Change
Other Investing Activities -$30.57M $18.50M
YoY Change -265.23% -189.42%
Cash From Investing Activities -$30.77M $18.37M
YoY Change -267.44% -187.27%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.386M 24.40M
YoY Change -113.88% 129.07%
NET CHANGE
Cash From Operating Activities 4.532M 14.19M
Cash From Investing Activities -30.77M 18.37M
Cash From Financing Activities -3.386M 24.40M
Net Change In Cash -29.62M 56.97M
YoY Change -151.99% -585.45%
FREE CASH FLOW
Cash From Operating Activities $4.532M $14.19M
Capital Expenditures $197.0K $126.0K
Free Cash Flow $4.335M $14.07M
YoY Change -69.18% -927.41%

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2010000
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CY2021Q4 us-gaap Cash Surrender Value Fair Value Disclosure
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CY2021Q1 us-gaap Operating Expenses
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126000
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1257638000

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