CCNE FY 2018 Earnings Report — CNB Financial Corporation Revenue & Financial Results | Market Cap Arena

CNB Financial CorporationCCNE

FY 2018 Earnings

Reported March 7, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$150M	—	$128M	—	17.3%
Op. Income	$40M	—	$36M	—	11.0%
Gross Margin	77.9%	—	81.2%	—	-3.2pp
Net Margin	22.5%	—	18.7%	—	3.8pp
EPS (Diluted)	$2.22	—	$1.57	—	41.4%
Free Cash Flow	$42M	—	$26M	—	63.6%

Revenue Flow

Item	Amount
REVENUE	$150M
Cost of Revenue	$33M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$25M
Operating Expenses	$77M
Cost & Expenses	$110M
OPERATING INCOME	$40M
Interest Income	$132M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$7M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$5M
EBIT	$40M
EBITDA	$45M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$150M
Cost of Revenue	$33M
GROSS PROFIT	$117M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$25M
Operating Expenses	$77M
Cost & Expenses	$110M
OPERATING INCOME	$40M
Interest Income	$132M
Interest Expense	$27M
Other Income/Expenses	$0
INCOME BEFORE TAX	$40M
Income Tax Expense	$7M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$5M
EBIT	$40M
EBITDA	$45M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$5M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	$4M
Change in Working Capital	$2M
OPERATING CASH FLOW	$45M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$191M
Sales/Maturities of Investments	$76M
Other Investing Activities	-$335M
NET CASH FROM INVESTING	-$453M
Net Debt Issuance	-$12M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$10M
Other Financing Activities	$443M
NET CASH FROM FINANCING	$418M
FREE CASH FLOW	$42M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$46M
Short-Term Investments	$517M
Net Receivables	$24M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$587M
PP&E (Net)	$50M
Goodwill	$39M
Intangible Assets	$2M
Long-Term Investments	$2.5B
Tax Assets	$0
Other Non-Current Assets	$89M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.2B
Account Payables	$32M
Short-Term Debt	$245M
Deferred Revenue	$0
Other Current Liabilities	$2.6B
TOTAL CURRENT LIABILITIES	$2.9B
Long-Term Debt	$71M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$71M
TOTAL LIABILITIES	$3.0B
Common Stock	$0
Additional Paid-In Capital	$98M
Retained Earnings	$172M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$263M
Minority Interest	$0
TOTAL EQUITY	$263M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$316M
Net Debt	$270M