CATY Q3 2016 Earnings Report — Cathay General Bancorp Revenue & Financial Results | Market Cap Arena

Cathay General BancorpCATY

Q3 2016 Earnings

Reported November 7, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$133M	$131M	—	1.5%	—
Op. Income	$62M	$47M	—	31.4%	—
Gross Margin	84.7%	88.6%	—	-3.9pp	—
Net Margin	34.7%	26.6%	—	8.1pp	—
EPS (Diluted)	$0.58	$0.44	—	31.8%	—
Free Cash Flow	$78M	$50M	—	57.0%	—

Revenue Flow

Item	Amount
REVENUE	$133M
Cost of Revenue	$20M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$27M
SG&A Expenses	$29M
Other Expenses	$22M
Operating Expenses	$51M
Cost & Expenses	$71M
OPERATING INCOME	$62M
Interest Income	$124M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$16M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$2M
EBIT	$62M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$133M
Cost of Revenue	$20M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$27M
SG&A Expenses	$29M
Other Expenses	$22M
Operating Expenses	$51M
Cost & Expenses	$71M
OPERATING INCOME	$62M
Interest Income	$124M
Interest Expense	$20M
Other Income/Expenses	$0
INCOME BEFORE TAX	$62M
Income Tax Expense	$16M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$2M
EBIT	$62M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$2M
Stock-Based Compensation	$1M
Deferred Income Tax	$15M
Other Non-Cash Items	$5M
Change in Working Capital	$9M
OPERATING CASH FLOW	$79M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$485M
Sales/Maturities of Investments	$343M
Other Investing Activities	-$511M
NET CASH FROM INVESTING	-$654M
Net Debt Issuance	$145M
Common Stock Repurchased	$0
Common Dividends Paid	-$14M
Other Financing Activities	$418M
NET CASH FROM FINANCING	$549M
FREE CASH FLOW	$78M
Net Change in Cash	-$26M

Balance Sheet

Item	Amount
Cash & Equivalents	$204M
Short-Term Investments	$2.1B
Net Receivables	$32M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.3B
PP&E (Net)	$107M
Goodwill	$372M
Intangible Assets	$3M
Long-Term Investments	$11.3B
Tax Assets	$0
Other Non-Current Assets	-$52M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.1B
Account Payables	$0
Short-Term Debt	$350M
Deferred Revenue	$0
Other Current Liabilities	$10.9B
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$837M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$180M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$12.3B
Common Stock	$871.0K
Additional Paid-In Capital	$886M
Retained Earnings	$1.1B
Treasury Stock	-$240M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$14.1B
Total Debt	$1.2B
Net Debt	$983M