CATY FY 2017 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$607M	—	$532M	—	14.0%
Op. Income	$298M	—	$242M	—	23.2%
Gross Margin	87.2%	—	87.7%	—	-0.5pp
Net Margin	29.0%	—	32.9%	—	-3.9pp
EPS (Diluted)	$2.17	—	$2.19	—	-0.9%
Free Cash Flow	$246M	—	$231M	—	6.4%

Revenue Flow

Item	Amount
REVENUE	$607M
Cost of Revenue	$78M
GROSS PROFIT	$529M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$131M
SG&A Expenses	$137M
Other Expenses	$93M
Operating Expenses	$231M
Cost & Expenses	$309M
OPERATING INCOME	$298M
Interest Income	$576M
Interest Expense	$80M
Other Income/Expenses	$0
INCOME BEFORE TAX	$298M
Income Tax Expense	$122M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$7M
EBIT	$298M
EBITDA	$306M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$607M
Cost of Revenue	$78M
GROSS PROFIT	$529M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$131M
SG&A Expenses	$137M
Other Expenses	$93M
Operating Expenses	$231M
Cost & Expenses	$309M
OPERATING INCOME	$298M
Interest Income	$576M
Interest Expense	$80M
Other Income/Expenses	$0
INCOME BEFORE TAX	$298M
Income Tax Expense	$122M
Net Income from Continuing Ops	$176M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$176M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$176M
D&A	$7M
EBIT	$298M
EBITDA	$306M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$176M
Depreciation & Amortization	$7M
Stock-Based Compensation	$6M
Deferred Income Tax	$35M
Other Non-Cash Items	$2M
Change in Working Capital	$23M
OPERATING CASH FLOW	$249M
Capital Expenditure	-$3M
Acquisitions (Net)	-$1M
Purchases of Investments	-$608M
Sales/Maturities of Investments	$674M
Other Investing Activities	-$966M
NET CASH FROM INVESTING	-$904M
Net Debt Issuance	$125M
Common Stock Repurchased	$0
Common Dividends Paid	-$70M
Other Financing Activities	-$53M
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	$246M
Net Change in Cash	-$650M

Balance Sheet

Item	Amount
Cash & Equivalents	$247M
Short-Term Investments	$1.6B
Net Receivables	$45M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$103M
Goodwill	$372M
Intangible Assets	$8M
Long-Term Investments	$13.3B
Tax Assets	$0
Other Non-Current Assets	-$59M
TOTAL NON-CURRENT ASSETS	$13.7B
TOTAL ASSETS	$15.6B
Account Payables	$0
Short-Term Debt	$100M
Deferred Revenue	$0
Other Current Liabilities	$12.7B
TOTAL CURRENT LIABILITIES	$12.8B
Long-Term Debt	$642M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$235M
TOTAL NON-CURRENT LIABILITIES	$877M
TOTAL LIABILITIES	$13.7B
Common Stock	$891.0K
Additional Paid-In Capital	$933M
Retained Earnings	$1.3B
Treasury Stock	-$240M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$15.6B
Total Debt	$742M
Net Debt	$495M