CATY FY 2014 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$459M	—	$467M	—	-1.7%
Op. Income	$220M	—	$194M	—	13.2%
Gross Margin	85.8%	—	83.0%	—	2.8pp
Net Margin	30.0%	—	26.4%	—	3.7pp
EPS (Diluted)	$1.72	—	$1.43	—	20.3%
Free Cash Flow	$145M	—	$109M	—	33.4%

Revenue Flow

Item	Amount
REVENUE	$459M
Cost of Revenue	$65M
GROSS PROFIT	$394M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$105M
SG&A Expenses	$110M
Other Expenses	$65M
Operating Expenses	$174M
Cost & Expenses	$239M
OPERATING INCOME	$220M
Interest Income	$419M
Interest Expense	$76M
Other Income/Expenses	$0
INCOME BEFORE TAX	$220M
Income Tax Expense	$82M
Net Income from Continuing Ops	$138M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$138M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$138M
D&A	$8M
EBIT	$220M
EBITDA	$228M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$459M
Cost of Revenue	$65M
GROSS PROFIT	$394M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$105M
SG&A Expenses	$110M
Other Expenses	$65M
Operating Expenses	$174M
Cost & Expenses	$239M
OPERATING INCOME	$220M
Interest Income	$419M
Interest Expense	$76M
Other Income/Expenses	$0
INCOME BEFORE TAX	$220M
Income Tax Expense	$82M
Net Income from Continuing Ops	$138M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$138M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$138M
D&A	$8M
EBIT	$220M
EBITDA	$228M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$138M
Depreciation & Amortization	$8M
Stock-Based Compensation	$4M
Deferred Income Tax	$31M
Other Non-Cash Items	-$17M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$150M
Capital Expenditure	-$5M
Acquisitions (Net)	$0
Purchases of Investments	-$886M
Sales/Maturities of Investments	$778M
Other Investing Activities	-$347M
NET CASH FROM INVESTING	-$459M
Net Debt Issuance	-$98M
Common Stock Repurchased	$0
Common Dividends Paid	-$23M
Other Financing Activities	$450M
NET CASH FROM FINANCING	$332M
FREE CASH FLOW	$145M
Net Change in Cash	$23M

Balance Sheet

Item	Amount
Cash & Equivalents	$177M
Short-Term Investments	$1.8B
Net Receivables	$25M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.0B
PP&E (Net)	$100M
Goodwill	$316M
Intangible Assets	$3M
Long-Term Investments	$9.0B
Tax Assets	$0
Other Non-Current Assets	$136M
TOTAL NON-CURRENT ASSETS	$9.5B
TOTAL ASSETS	$11.5B
Account Payables	$0
Short-Term Debt	$450M
Deferred Revenue	$0
Other Current Liabilities	$8.8B
TOTAL CURRENT LIABILITIES	$9.2B
Long-Term Debt	$564M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$116M
TOTAL NON-CURRENT LIABILITIES	$680M
TOTAL LIABILITIES	$9.9B
Common Stock	$840.0K
Additional Paid-In Capital	$790M
Retained Earnings	$944M
Treasury Stock	-$126M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.6B
Minority Interest	$0
TOTAL EQUITY	$1.6B
TOTAL LIABILITIES & EQUITY	$11.5B
Total Debt	$1.0B
Net Debt	$837M