CATY FY 2019 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2019 Earnings

Reported February 28, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$814M	—	$719M	—	13.2%
Op. Income	$349M	—	$338M	—	3.5%
Gross Margin	77.0%	—	83.7%	—	-6.7pp
Net Margin	34.3%	—	37.8%	—	-3.5pp
EPS (Diluted)	$3.48	—	$3.34	—	4.2%
Free Cash Flow	$428M	—	$330M	—	29.7%

Revenue Flow

Item	Amount
REVENUE	$814M
Cost of Revenue	$187M
GROSS PROFIT	$627M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$152M
SG&A Expenses	$160M
Other Expenses	$118M
Operating Expenses	$277M
Cost & Expenses	$465M
OPERATING INCOME	$349M
Interest Income	$769M
Interest Expense	$194M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$70M
Net Income from Continuing Ops	$279M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$279M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$15M
EBIT	$349M
EBITDA	$364M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$814M
Cost of Revenue	$187M
GROSS PROFIT	$627M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$152M
SG&A Expenses	$160M
Other Expenses	$118M
Operating Expenses	$277M
Cost & Expenses	$465M
OPERATING INCOME	$349M
Interest Income	$769M
Interest Expense	$194M
Other Income/Expenses	$0
INCOME BEFORE TAX	$349M
Income Tax Expense	$70M
Net Income from Continuing Ops	$279M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$279M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$279M
D&A	$15M
EBIT	$349M
EBITDA	$364M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$279M
Depreciation & Amortization	$15M
Stock-Based Compensation	$7M
Deferred Income Tax	$10M
Other Non-Cash Items	$103M
Change in Working Capital	$20M
OPERATING CASH FLOW	$435M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$823M
Sales/Maturities of Investments	$593M
Other Investing Activities	-$1.1B
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$85M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$99M
Other Financing Activities	$988M
NET CASH FROM FINANCING	$940M
FREE CASH FLOW	$428M
Net Change in Cash	-$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$177M
Short-Term Investments	$1.9B
Net Receivables	$54M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.1B
PP&E (Net)	$138M
Goodwill	$372M
Intangible Assets	$6M
Long-Term Investments	$15.6B
Tax Assets	$0
Other Non-Current Assets	-$119M
TOTAL NON-CURRENT ASSETS	$16.0B
TOTAL ASSETS	$18.1B
Account Payables	$0
Short-Term Debt	$26M
Deferred Revenue	$0
Other Current Liabilities	$14.7B
TOTAL CURRENT LIABILITIES	$14.7B
Long-Term Debt	$818M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$228M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$15.8B
Common Stock	$900.0K
Additional Paid-In Capital	$950M
Retained Earnings	$1.7B
Treasury Stock	-$319M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.3B
Minority Interest	$0
TOTAL EQUITY	$2.3B
TOTAL LIABILITIES & EQUITY	$18.1B
Total Debt	$880M
Net Debt	$700M