CATY FY 2022 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$908M	—	$721M	—	25.9%
Op. Income	$473M	—	$382M	—	23.8%
Gross Margin	85.5%	—	92.7%	—	-7.2pp
Net Margin	39.7%	—	41.4%	—	-1.7pp
EPS (Diluted)	$4.83	—	$3.80	—	27.1%
Free Cash Flow	$464M	—	$331M	—	40.4%

Revenue Flow

Item	Amount
REVENUE	$908M
Cost of Revenue	$132M
GROSS PROFIT	$776M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$151M
SG&A Expenses	$157M
Other Expenses	$146M
Operating Expenses	$303M
Cost & Expenses	$436M
OPERATING INCOME	$473M
Interest Income	$851M
Interest Expense	$118M
Other Income/Expenses	$0
INCOME BEFORE TAX	$473M
Income Tax Expense	$112M
Net Income from Continuing Ops	$361M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$20M
EBIT	$473M
EBITDA	$492M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$908M
Cost of Revenue	$132M
GROSS PROFIT	$776M
R&D Expenses	$0
Selling & Marketing	$7M
General & Administrative	$151M
SG&A Expenses	$157M
Other Expenses	$146M
Operating Expenses	$303M
Cost & Expenses	$436M
OPERATING INCOME	$473M
Interest Income	$851M
Interest Expense	$118M
Other Income/Expenses	$0
INCOME BEFORE TAX	$473M
Income Tax Expense	$112M
Net Income from Continuing Ops	$361M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$361M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$361M
D&A	$20M
EBIT	$473M
EBITDA	$492M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$361M
Depreciation & Amortization	$20M
Stock-Based Compensation	$8M
Deferred Income Tax	-$2M
Other Non-Cash Items	$59M
Change in Working Capital	$22M
OPERATING CASH FLOW	$467M
Capital Expenditure	-$3M
Acquisitions (Net)	-$74M
Purchases of Investments	-$719M
Sales/Maturities of Investments	$214M
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$1.8B
Net Debt Issuance	$465M
Common Stock Repurchased	-$141M
Common Dividends Paid	-$101M
Other Financing Activities	-$132M
NET CASH FROM FINANCING	$95M
FREE CASH FLOW	$464M
Net Change in Cash	-$1.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$195M
Short-Term Investments	$2.4B
Net Receivables	$82M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$124M
Goodwill	$376M
Intangible Assets	$6M
Long-Term Investments	$18.4B
Tax Assets	$0
Other Non-Current Assets	$274M
TOTAL NON-CURRENT ASSETS	$19.2B
TOTAL ASSETS	$21.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$18.5B
TOTAL CURRENT LIABILITIES	$18.5B
Long-Term Debt	$627M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$309M
TOTAL NON-CURRENT LIABILITIES	$969M
TOTAL LIABILITIES	$19.5B
Common Stock	$911.0K
Additional Paid-In Capital	$981M
Retained Earnings	$2.2B
Treasury Stock	-$651M
Accum. Other Comp. Income	-$102M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.5B
Minority Interest	$0
TOTAL EQUITY	$2.5B
TOTAL LIABILITIES & EQUITY	$21.9B
Total Debt	$659M
Net Debt	$464M