CCNE FY 2017 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2017 Earnings

Reported March 8, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$128M	—	$110M	—	15.9%
Op. Income	$36M	—	$28M	—	30.8%
Gross Margin	81.2%	—	84.4%	—	-3.2pp
Net Margin	18.7%	—	18.7%	—	0.0pp
EPS (Diluted)	$1.57	—	$1.42	—	10.6%
Free Cash Flow	$26M	—	$17M	—	53.5%

Revenue Flow

Item	Amount
REVENUE	$128M
Cost of Revenue	$24M
GROSS PROFIT	$104M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$91M
OPERATING INCOME	$36M
Interest Income	$109M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$12M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$5M
EBIT	$36M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$128M
Cost of Revenue	$24M
GROSS PROFIT	$104M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$42M
SG&A Expenses	$44M
Other Expenses	$23M
Operating Expenses	$67M
Cost & Expenses	$91M
OPERATING INCOME	$36M
Interest Income	$109M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$36M
Income Tax Expense	$12M
Net Income from Continuing Ops	$24M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$24M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$24M
D&A	$5M
EBIT	$36M
EBITDA	$41M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$24M
Depreciation & Amortization	$5M
Stock-Based Compensation	$928.0K
Deferred Income Tax	$3M
Other Non-Cash Items	-$2M
Change in Working Capital	-$477.0K
OPERATING CASH FLOW	$31M
Capital Expenditure	-$5M
Acquisitions (Net)	$1M
Purchases of Investments	-$24M
Sales/Maturities of Investments	$109M
Other Investing Activities	-$284M
NET CASH FROM INVESTING	-$204M
Net Debt Issuance	$20M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$10M
Other Financing Activities	$151M
NET CASH FROM FINANCING	$179M
FREE CASH FLOW	$26M
Net Change in Cash	$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$35M
Short-Term Investments	$410M
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$465M
PP&E (Net)	$51M
Goodwill	$39M
Intangible Assets	$3M
Long-Term Investments	$2.1B
Tax Assets	$0
Other Non-Current Assets	$84M
TOTAL NON-CURRENT ASSETS	$2.3B
TOTAL ASSETS	$2.8B
Account Payables	$29M
Short-Term Debt	$34M
Deferred Revenue	$0
Other Current Liabilities	$2.2B
TOTAL CURRENT LIABILITIES	$2.2B
Long-Term Debt	$294M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$294M
TOTAL LIABILITIES	$2.5B
Common Stock	$0
Additional Paid-In Capital	$97M
Retained Earnings	$148M
Treasury Stock	-$1M
Accum. Other Comp. Income	-$343.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$244M
Minority Interest	$0
TOTAL EQUITY	$244M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$328M
Net Debt	$293M