CATY FY 2015 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$486M	—	$459M	—	5.9%
Op. Income	$221M	—	$220M	—	0.6%
Gross Margin	87.1%	—	85.8%	—	1.3pp
Net Margin	33.1%	—	30.0%	—	3.1pp
EPS (Diluted)	$1.98	—	$1.72	—	15.1%
Free Cash Flow	$173M	—	$145M	—	19.2%

Revenue Flow

Item	Amount
REVENUE	$486M
Cost of Revenue	$63M
GROSS PROFIT	$424M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$107M
SG&A Expenses	$112M
Other Expenses	$91M
Operating Expenses	$203M
Cost & Expenses	$265M
OPERATING INCOME	$221M
Interest Income	$454M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$221M
Income Tax Expense	$60M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$8M
EBIT	$221M
EBITDA	$229M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$486M
Cost of Revenue	$63M
GROSS PROFIT	$424M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$107M
SG&A Expenses	$112M
Other Expenses	$91M
Operating Expenses	$203M
Cost & Expenses	$265M
OPERATING INCOME	$221M
Interest Income	$454M
Interest Expense	$74M
Other Income/Expenses	$0
INCOME BEFORE TAX	$221M
Income Tax Expense	$60M
Net Income from Continuing Ops	$161M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$161M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$161M
D&A	$8M
EBIT	$221M
EBITDA	$229M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$161M
Depreciation & Amortization	$8M
Stock-Based Compensation	$5M
Deferred Income Tax	$2M
Other Non-Cash Items	$20M
Change in Working Capital	-$19M
OPERATING CASH FLOW	$177M
Capital Expenditure	-$4M
Acquisitions (Net)	$7M
Purchases of Investments	-$343M
Sales/Maturities of Investments	$550M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.2B
Net Debt Issuance	-$150M
Common Stock Repurchased	-$59M
Common Dividends Paid	-$45M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$1.0B
FREE CASH FLOW	$173M
Net Change in Cash	$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$180M
Short-Term Investments	$2.1B
Net Receivables	$31M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$109M
Goodwill	$372M
Intangible Assets	$4M
Long-Term Investments	$10.4B
Tax Assets	$0
Other Non-Current Assets	$47M
TOTAL NON-CURRENT ASSETS	$10.9B
TOTAL ASSETS	$13.3B
Account Payables	$0
Short-Term Debt	$400M
Deferred Revenue	$0
Other Current Liabilities	$10.5B
TOTAL CURRENT LIABILITIES	$10.9B
Long-Term Debt	$413M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$185M
TOTAL NON-CURRENT LIABILITIES	$597M
TOTAL LIABILITIES	$11.5B
Common Stock	$870.0K
Additional Paid-In Capital	$881M
Retained Earnings	$1.1B
Treasury Stock	-$185M
Accum. Other Comp. Income	-$8M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$13.3B
Total Debt	$813M
Net Debt	$633M