CATY FY 2013 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$467M	—	$476M	—	-1.9%
Op. Income	$194M	—	$184M	—	5.4%
Gross Margin	83.0%	—	79.1%	—	3.9pp
Net Margin	26.4%	—	24.7%	—	1.7pp
EPS (Diluted)	$1.43	—	$1.28	—	11.7%
Free Cash Flow	$109M	—	$161M	—	-32.6%

Revenue Flow

Item	Amount
REVENUE	$467M
Cost of Revenue	$79M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$96M
SG&A Expenses	$99M
Other Expenses	$95M
Operating Expenses	$194M
Cost & Expenses	$273M
OPERATING INCOME	$194M
Interest Income	$407M
Interest Expense	$82M
Other Income/Expenses	$0
INCOME BEFORE TAX	$194M
Income Tax Expense	$70M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$11M
EBIT	$194M
EBITDA	$206M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$467M
Cost of Revenue	$79M
GROSS PROFIT	$388M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$96M
SG&A Expenses	$99M
Other Expenses	$95M
Operating Expenses	$194M
Cost & Expenses	$273M
OPERATING INCOME	$194M
Interest Income	$407M
Interest Expense	$82M
Other Income/Expenses	$0
INCOME BEFORE TAX	$194M
Income Tax Expense	$70M
Net Income from Continuing Ops	$124M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$123M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$113M
D&A	$11M
EBIT	$194M
EBITDA	$206M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$124M
Depreciation & Amortization	$11M
Stock-Based Compensation	$3M
Deferred Income Tax	-$15M
Other Non-Cash Items	-$26M
Change in Working Capital	$18M
OPERATING CASH FLOW	$115M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$455M
Sales/Maturities of Investments	$806M
Other Investing Activities	-$657M
NET CASH FROM INVESTING	-$312M
Net Debt Issuance	$325M
Common Stock Repurchased	$0
Common Dividends Paid	-$13M
Other Financing Activities	$151M
NET CASH FROM FINANCING	$206M
FREE CASH FLOW	$109M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$154M
Short-Term Investments	$2.1B
Net Receivables	$24M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$102M
Goodwill	$316M
Intangible Assets	$2M
Long-Term Investments	$8.1B
Tax Assets	$0
Other Non-Current Assets	$222M
TOTAL NON-CURRENT ASSETS	$8.7B
TOTAL ASSETS	$11.0B
Account Payables	$0
Short-Term Debt	$800M
Deferred Revenue	$0
Other Current Liabilities	$8.0B
TOTAL CURRENT LIABILITIES	$8.8B
Long-Term Debt	$661M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$88M
TOTAL NON-CURRENT LIABILITIES	$749M
TOTAL LIABILITIES	$9.5B
Common Stock	$838.0K
Additional Paid-In Capital	$784M
Retained Earnings	$829M
Treasury Stock	-$126M
Accum. Other Comp. Income	-$30M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$11.0B
Total Debt	$1.5B
Net Debt	$1.3B