CCNE FY 2016 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2016 Earnings

Reported March 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$110M	—	$102M	—	8.0%
Op. Income	$28M	—	$30M	—	-9.1%
Gross Margin	84.4%	—	85.3%	—	-0.9pp
Net Margin	18.7%	—	21.8%	—	-3.1pp
EPS (Diluted)	$1.42	—	$1.54	—	-7.8%
Free Cash Flow	$17M	—	$27M	—	-38.1%

Revenue Flow

Item	Amount
REVENUE	$110M
Cost of Revenue	$17M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$41M
SG&A Expenses	$43M
Other Expenses	$22M
Operating Expenses	$65M
Cost & Expenses	$82M
OPERATING INCOME	$28M
Interest Income	$94M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$7M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$28M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$110M
Cost of Revenue	$17M
GROSS PROFIT	$93M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$41M
SG&A Expenses	$43M
Other Expenses	$22M
Operating Expenses	$65M
Cost & Expenses	$82M
OPERATING INCOME	$28M
Interest Income	$94M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$7M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$20M
D&A	$4M
EBIT	$28M
EBITDA	$32M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$4M
Stock-Based Compensation	$820.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$2M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$10M
Acquisitions (Net)	-$3M
Purchases of Investments	-$22M
Sales/Maturities of Investments	$68M
Other Investing Activities	-$185M
NET CASH FROM INVESTING	-$151M
Net Debt Issuance	$66M
Common Stock Repurchased	-$44.0K
Common Dividends Paid	-$10M
Other Financing Activities	$69M
NET CASH FROM FINANCING	$126M
FREE CASH FLOW	$17M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$29M
Short-Term Investments	$496M
Net Receivables	$23M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$548M
PP&E (Net)	$50M
Goodwill	$39M
Intangible Assets	$4M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$68M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.6B
Account Payables	$30M
Short-Term Debt	$104M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$204M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$210M
TOTAL LIABILITIES	$2.4B
Common Stock	$0
Additional Paid-In Capital	$78M
Retained Earnings	$134M
Treasury Stock	-$127.0K
Accum. Other Comp. Income	-$121.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$212M
Minority Interest	$0
TOTAL EQUITY	$212M
TOTAL LIABILITIES & EQUITY	$2.6B
Total Debt	$308M
Net Debt	$278M