CATY FY 2007 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2007 Earnings

Reported February 29, 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	$643M	—	$513M	—	25.3%
Op. Income	$197M	—	$185M	—	6.4%
Gross Margin	50.7%	—	58.2%	—	-7.5pp
Net Margin	19.5%	—	22.9%	—	-3.4pp
EPS (Diluted)	$2.46	—	$2.27	—	8.4%
Free Cash Flow	$146M	—	$109M	—	34.4%

Revenue Flow

Item	Amount
REVENUE	$643M
Cost of Revenue	$317M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$57M
Operating Expenses	$129M
Cost & Expenses	$446M
OPERATING INCOME	$197M
Interest Income	$615M
Interest Expense	$306M
Other Income/Expenses	$0
INCOME BEFORE TAX	$197M
Income Tax Expense	$71M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$13M
EBIT	$197M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$643M
Cost of Revenue	$317M
GROSS PROFIT	$326M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$69M
SG&A Expenses	$72M
Other Expenses	$57M
Operating Expenses	$129M
Cost & Expenses	$446M
OPERATING INCOME	$197M
Interest Income	$615M
Interest Expense	$306M
Other Income/Expenses	$0
INCOME BEFORE TAX	$197M
Income Tax Expense	$71M
Net Income from Continuing Ops	$125M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$125M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$125M
D&A	$13M
EBIT	$197M
EBITDA	$210M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$125M
Depreciation & Amortization	$13M
Stock-Based Compensation	$0
Deferred Income Tax	-$11M
Other Non-Cash Items	$16M
Change in Working Capital	$6M
OPERATING CASH FLOW	$149M
Capital Expenditure	-$3M
Acquisitions (Net)	-$4M
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$1.3B
Other Investing Activities	-$915M
NET CASH FROM INVESTING	-$2.3B
Net Debt Issuance	$1.7B
Common Stock Repurchased	$0
Common Dividends Paid	-$21M
Other Financing Activities	$550M
NET CASH FROM FINANCING	$2.1B
FREE CASH FLOW	$146M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$0
Net Receivables	$53M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$221M
PP&E (Net)	$77M
Goodwill	$320M
Intangible Assets	$36M
Long-Term Investments	$9.1B
Tax Assets	$0
Other Non-Current Assets	$696M
TOTAL NON-CURRENT ASSETS	$10.2B
TOTAL ASSETS	$10.4B
Account Payables	$0
Short-Term Debt	$1.4B
Deferred Revenue	$0
Other Current Liabilities	$6.3B
TOTAL CURRENT LIABILITIES	$7.7B
Long-Term Debt	$1.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$137M
TOTAL NON-CURRENT LIABILITIES	$1.7B
TOTAL LIABILITIES	$9.4B
Common Stock	$535.0K
Additional Paid-In Capital	$481M
Retained Earnings	$617M
Treasury Stock	-$126M
Accum. Other Comp. Income	-$545.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$972M
Minority Interest	$9M
TOTAL EQUITY	$980M
TOTAL LIABILITIES & EQUITY	$10.4B
Total Debt	$3.0B
Net Debt	$2.8B