CCNE FY 2009 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2009 Earnings

Reported March 9, 2010

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$66M	—	$64M	—	3.5%
Op. Income	$11M	—	$7M	—	67.1%
Gross Margin	65.2%	—	61.7%	—	3.5pp
Net Margin	12.9%	—	8.2%	—	4.7pp
EPS (Diluted)	$0.97	—	$0.61	—	59.0%
Free Cash Flow	$13M	—	$8M	—	65.1%

Revenue Flow

Item	Amount
REVENUE	$66M
Cost of Revenue	$23M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$620.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$14M
Operating Expenses	$32M
Cost & Expenses	$55M
OPERATING INCOME	$11M
Interest Income	$56M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$66M
Cost of Revenue	$23M
GROSS PROFIT	$43M
R&D Expenses	$0
Selling & Marketing	$620.0K
General & Administrative	$18M
SG&A Expenses	$19M
Other Expenses	$14M
Operating Expenses	$32M
Cost & Expenses	$55M
OPERATING INCOME	$11M
Interest Income	$56M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$2M
Net Income from Continuing Ops	$9M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$9M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$9M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$9M
Depreciation & Amortization	$2M
Stock-Based Compensation	$122.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	$7M
Change in Working Capital	-$526.0K
OPERATING CASH FLOW	$15M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$306M
Sales/Maturities of Investments	$197M
Other Investing Activities	-$45M
NET CASH FROM INVESTING	-$155M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$143M
NET CASH FROM FINANCING	$132M
FREE CASH FLOW	$13M
Net Change in Cash	-$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$0
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$49M
PP&E (Net)	$23M
Goodwill	$11M
Intangible Assets	$961.0K
Long-Term Investments	$1.1B
Tax Assets	$0
Other Non-Current Assets	$26M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.2B
Account Payables	$0
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$957M
TOTAL CURRENT LIABILITIES	$958M
Long-Term Debt	$121M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$13M
TOTAL NON-CURRENT LIABILITIES	$134M
TOTAL LIABILITIES	$1.1B
Common Stock	$0
Additional Paid-In Capital	$13M
Retained Earnings	$69M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$69M
Minority Interest	$0
TOTAL EQUITY	$69M
TOTAL LIABILITIES & EQUITY	$1.2B
Total Debt	$122M
Net Debt	$93M