CCNE FY 2011 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2011 Earnings

Reported March 9, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$76M	—	$71M	—	8.0%
Op. Income	$21M	—	$15M	—	39.6%
Gross Margin	70.5%	—	65.8%	—	4.7pp
Net Margin	19.8%	—	16.0%	—	3.8pp
EPS (Diluted)	$1.23	—	$0.92	—	33.7%
Free Cash Flow	$29M	—	$9M	—	213.3%

Revenue Flow

Item	Amount
REVENUE	$76M
Cost of Revenue	$23M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$822.0K
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$11M
Operating Expenses	$33M
Cost & Expenses	$56M
OPERATING INCOME	$21M
Interest Income	$66M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$21M
EBITDA	$23M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$76M
Cost of Revenue	$23M
GROSS PROFIT	$54M
R&D Expenses	$0
Selling & Marketing	$822.0K
General & Administrative	$22M
SG&A Expenses	$23M
Other Expenses	$11M
Operating Expenses	$33M
Cost & Expenses	$56M
OPERATING INCOME	$21M
Interest Income	$66M
Interest Expense	$18M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$6M
Net Income from Continuing Ops	$15M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$15M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$15M
D&A	$2M
EBIT	$21M
EBITDA	$23M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$15M
Depreciation & Amortization	$2M
Stock-Based Compensation	$213.0K
Deferred Income Tax	$441.0K
Other Non-Cash Items	$8M
Change in Working Capital	$4M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$289M
Sales/Maturities of Investments	$171M
Other Investing Activities	-$61M
NET CASH FROM INVESTING	-$180M
Net Debt Issuance	-$32M
Common Stock Repurchased	$0
Common Dividends Paid	-$8M
Other Financing Activities	$191M
NET CASH FROM FINANCING	$152M
FREE CASH FLOW	$29M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$638M
Net Receivables	$14M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$692M
PP&E (Net)	$24M
Goodwill	$11M
Intangible Assets	$906.0K
Long-Term Investments	$839M
Tax Assets	$0
Other Non-Current Assets	$35M
TOTAL NON-CURRENT ASSETS	$910M
TOTAL ASSETS	$1.6B
Account Payables	$21M
Short-Term Debt	$74M
Deferred Revenue	$0
Other Current Liabilities	$1.4B
TOTAL CURRENT LIABILITIES	$1.4B
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$1.5B
Common Stock	$0
Additional Paid-In Capital	$44M
Retained Earnings	$80M
Treasury Stock	-$3M
Accum. Other Comp. Income	$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$132M
Minority Interest	$0
TOTAL EQUITY	$132M
TOTAL LIABILITIES & EQUITY	$1.6B
Total Debt	$95M
Net Debt	$55M