CCNE FY 2010 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2010 Earnings

Reported March 4, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$71M	—	$66M	—	7.5%
Op. Income	$15M	—	$11M	—	36.1%
Gross Margin	65.8%	—	65.2%	—	0.6pp
Net Margin	16.0%	—	12.9%	—	3.1pp
EPS (Diluted)	$0.92	—	$0.97	—	-5.2%
Free Cash Flow	$9M	—	$13M	—	-32.0%

Revenue Flow

Item	Amount
REVENUE	$71M
Cost of Revenue	$24M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$795.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$10M
Operating Expenses	$32M
Cost & Expenses	$56M
OPERATING INCOME	$15M
Interest Income	$61M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$15M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$71M
Cost of Revenue	$24M
GROSS PROFIT	$47M
R&D Expenses	$0
Selling & Marketing	$795.0K
General & Administrative	$21M
SG&A Expenses	$21M
Other Expenses	$10M
Operating Expenses	$32M
Cost & Expenses	$56M
OPERATING INCOME	$15M
Interest Income	$61M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$15M
Income Tax Expense	$3M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$2M
EBIT	$15M
EBITDA	$17M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$2M
Stock-Based Compensation	$205.0K
Deferred Income Tax	$2M
Other Non-Cash Items	-$625.0K
Change in Working Capital	-$4M
OPERATING CASH FLOW	$11M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$361M
Sales/Maturities of Investments	$208M
Other Investing Activities	-$78M
NET CASH FROM INVESTING	-$234M
Net Debt Issuance	$5M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$206M
NET CASH FROM FINANCING	$238M
FREE CASH FLOW	$9M
Net Change in Cash	$15M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$0
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$60M
PP&E (Net)	$24M
Goodwill	$11M
Intangible Assets	$908.0K
Long-Term Investments	$1.3B
Tax Assets	$0
Other Non-Current Assets	$29M
TOTAL NON-CURRENT ASSETS	$1.4B
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$1M
Deferred Revenue	$0
Other Current Liabilities	$1.2B
TOTAL CURRENT LIABILITIES	$1.2B
Long-Term Debt	$126M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14M
TOTAL NON-CURRENT LIABILITIES	$140M
TOTAL LIABILITIES	$1.3B
Common Stock	$0
Additional Paid-In Capital	$45M
Retained Earnings	$73M
Treasury Stock	-$5M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$110M
Minority Interest	$0
TOTAL EQUITY	$110M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$127M
Net Debt	$87M