CCNE FY 2015 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2015 Earnings

Reported March 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$102M	—	$101M	—	0.8%
Op. Income	$30M	—	$32M	—	-5.9%
Gross Margin	85.3%	—	84.1%	—	1.2pp
Net Margin	21.8%	—	22.8%	—	-1.0pp
EPS (Diluted)	$1.54	—	$1.60	—	-3.8%
Free Cash Flow	$27M	—	$22M	—	19.5%

Revenue Flow

Item	Amount
REVENUE	$102M
Cost of Revenue	$15M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$36M
SG&A Expenses	$38M
Other Expenses	$19M
Operating Expenses	$56M
Cost & Expenses	$71M
OPERATING INCOME	$30M
Interest Income	$87M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$8M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$4M
EBIT	$30M
EBITDA	$35M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$102M
Cost of Revenue	$15M
GROSS PROFIT	$87M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$36M
SG&A Expenses	$38M
Other Expenses	$19M
Operating Expenses	$56M
Cost & Expenses	$71M
OPERATING INCOME	$30M
Interest Income	$87M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$30M
Income Tax Expense	$8M
Net Income from Continuing Ops	$22M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$22M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$22M
D&A	$4M
EBIT	$30M
EBITDA	$35M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$22M
Depreciation & Amortization	$4M
Stock-Based Compensation	$621.0K
Deferred Income Tax	$376.0K
Other Non-Cash Items	$875.0K
Change in Working Capital	$6M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$45M
Sales/Maturities of Investments	$184M
Other Investing Activities	-$233M
NET CASH FROM INVESTING	-$101M
Net Debt Issuance	$109M
Common Stock Repurchased	-$868.0K
Common Dividends Paid	-$10M
Other Financing Activities	-$32M
NET CASH FROM FINANCING	$66M
FREE CASH FLOW	$27M
Net Change in Cash	-$667.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$546M
Net Receivables	$18M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$591M
PP&E (Net)	$39M
Goodwill	$27M
Intangible Assets	$3M
Long-Term Investments	$1.6B
Tax Assets	$0
Other Non-Current Assets	$62M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.3B
Account Payables	$27M
Short-Term Debt	$116M
Deferred Revenue	$0
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$125M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$125M
TOTAL LIABILITIES	$2.1B
Common Stock	$0
Additional Paid-In Capital	$78M
Retained Earnings	$123M
Treasury Stock	-$1M
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$202M
Minority Interest	$0
TOTAL EQUITY	$202M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$241M
Net Debt	$214M