CATY FY 2018 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2018 Earnings

Reported March 4, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$719M	—	$607M	—	18.5%
Op. Income	$338M	—	$298M	—	13.2%
Gross Margin	83.7%	—	87.2%	—	-3.5pp
Net Margin	37.8%	—	29.0%	—	8.8pp
EPS (Diluted)	$3.34	—	$2.17	—	53.9%
Free Cash Flow	$330M	—	$246M	—	34.3%

Revenue Flow

Item	Amount
REVENUE	$719M
Cost of Revenue	$118M
GROSS PROFIT	$602M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$145M
SG&A Expenses	$153M
Other Expenses	$111M
Operating Expenses	$264M
Cost & Expenses	$382M
OPERATING INCOME	$338M
Interest Income	$688M
Interest Expense	$122M
Other Income/Expenses	$0
INCOME BEFORE TAX	$338M
Income Tax Expense	$66M
Net Income from Continuing Ops	$272M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$7M
EBIT	$338M
EBITDA	$345M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$719M
Cost of Revenue	$118M
GROSS PROFIT	$602M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$145M
SG&A Expenses	$153M
Other Expenses	$111M
Operating Expenses	$264M
Cost & Expenses	$382M
OPERATING INCOME	$338M
Interest Income	$688M
Interest Expense	$122M
Other Income/Expenses	$0
INCOME BEFORE TAX	$338M
Income Tax Expense	$66M
Net Income from Continuing Ops	$272M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$272M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$272M
D&A	$7M
EBIT	$338M
EBITDA	$345M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$272M
Depreciation & Amortization	$7M
Stock-Based Compensation	$8M
Deferred Income Tax	$2M
Other Non-Cash Items	$47M
Change in Working Capital	-$136.0K
OPERATING CASH FLOW	$337M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$498M
Sales/Maturities of Investments	$548M
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	$77M
Common Stock Repurchased	-$43M
Common Dividends Paid	-$83M
Other Financing Activities	$916M
NET CASH FROM FINANCING	$863M
FREE CASH FLOW	$330M
Net Change in Cash	$65M

Balance Sheet

Item	Amount
Cash & Equivalents	$225M
Short-Term Investments	$1.6B
Net Receivables	$52M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.9B
PP&E (Net)	$103M
Goodwill	$372M
Intangible Assets	$7M
Long-Term Investments	$14.5B
Tax Assets	$0
Other Non-Current Assets	-$55M
TOTAL NON-CURRENT ASSETS	$14.9B
TOTAL ASSETS	$16.8B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$13.7B
TOTAL CURRENT LIABILITIES	$13.7B
Long-Term Debt	$737M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$14M
Other Non-Current Liabilities	$224M
TOTAL NON-CURRENT LIABILITIES	$961M
TOTAL LIABILITIES	$14.7B
Common Stock	$898.0K
Additional Paid-In Capital	$942M
Retained Earnings	$1.5B
Treasury Stock	-$282M
Accum. Other Comp. Income	-$18M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$16.8B
Total Debt	$737M
Net Debt	$511M