CATY FY 2012 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2012 Earnings

Reported March 1, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$476M	—	$504M	—	-5.6%
Op. Income	$184M	—	$152M	—	21.2%
Gross Margin	79.1%	—	66.9%	—	12.2pp
Net Margin	24.7%	—	19.9%	—	4.8pp
EPS (Diluted)	$1.28	—	$1.06	—	20.8%
Free Cash Flow	$161M	—	$171M	—	-5.7%

Revenue Flow

Item	Amount
REVENUE	$476M
Cost of Revenue	$99M
GROSS PROFIT	$377M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$91M
Other Expenses	$101M
Operating Expenses	$193M
Cost & Expenses	$292M
OPERATING INCOME	$184M
Interest Income	$430M
Interest Expense	$108M
Other Income/Expenses	$0
INCOME BEFORE TAX	$184M
Income Tax Expense	$66M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$12M
EBIT	$184M
EBITDA	$196M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$476M
Cost of Revenue	$99M
GROSS PROFIT	$377M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$87M
SG&A Expenses	$91M
Other Expenses	$101M
Operating Expenses	$193M
Cost & Expenses	$292M
OPERATING INCOME	$184M
Interest Income	$430M
Interest Expense	$108M
Other Income/Expenses	$0
INCOME BEFORE TAX	$184M
Income Tax Expense	$66M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$117M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$101M
D&A	$12M
EBIT	$184M
EBITDA	$196M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	$5M
Other Non-Cash Items	-$14M
Change in Working Capital	$41M
OPERATING CASH FLOW	$165M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$635M
Sales/Maturities of Investments	$990M
Other Investing Activities	-$399M
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	-$80M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$91M
FREE CASH FLOW	$161M
Net Change in Cash	$27M

Balance Sheet

Item	Amount
Cash & Equivalents	$145M
Short-Term Investments	$1.7B
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$103M
Goodwill	$316M
Intangible Assets	$6M
Long-Term Investments	$8.2B
Tax Assets	$0
Other Non-Current Assets	$215M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$10.7B
Account Payables	$0
Short-Term Debt	$1.3B
Deferred Revenue	$0
Other Current Liabilities	$7.4B
TOTAL CURRENT LIABILITIES	$8.6B
Long-Term Debt	$336M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$95M
TOTAL NON-CURRENT LIABILITIES	$431M
TOTAL LIABILITIES	$9.1B
Common Stock	$830.0K
Additional Paid-In Capital	$769M
Retained Earnings	$722M
Treasury Stock	-$126M
Accum. Other Comp. Income	$465.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$8M
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$10.7B
Total Debt	$1.6B
Net Debt	$1.4B