CFFI FY 2010 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2010 Earnings

Reported March 3, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$100M	—	$102M	—	-2.1%
Op. Income	$11M	—	$7M	—	48.0%
Gross Margin	71.7%	—	66.5%	—	5.1pp
Net Margin	8.1%	—	5.4%	—	2.7pp
EPS (Diluted)	$2.24	—	$1.44	—	55.6%
Free Cash Flow	-$15M	—	$31M	—	-146.3%

Revenue Flow

Item	Amount
REVENUE	$100M
Cost of Revenue	$28M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$24M
Operating Expenses	$60M
Cost & Expenses	$88M
OPERATING INCOME	$11M
Interest Income	$70M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$100M
Cost of Revenue	$28M
GROSS PROFIT	$71M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$37M
SG&A Expenses	$37M
Other Expenses	$24M
Operating Expenses	$60M
Cost & Expenses	$88M
OPERATING INCOME	$11M
Interest Income	$70M
Interest Expense	$13M
Other Income/Expenses	$0
INCOME BEFORE TAX	$11M
Income Tax Expense	$3M
Net Income from Continuing Ops	$8M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$8M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$7M
D&A	$2M
EBIT	$11M
EBITDA	$13M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$8M
Depreciation & Amortization	$2M
Stock-Based Compensation	$367.0K
Deferred Income Tax	-$2M
Other Non-Cash Items	-$17M
Change in Working Capital	-$5M
OPERATING CASH FLOW	-$13M
Capital Expenditure	-$1M
Acquisitions (Net)	$0
Purchases of Investments	-$42M
Sales/Maturities of Investments	$29M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	-$23M
Net Debt Issuance	-$7M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$19M
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	-$15M
Net Change in Cash	-$28M

Balance Sheet

Item	Amount
Cash & Equivalents	$10M
Short-Term Investments	$0
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$15M
PP&E (Net)	$29M
Goodwill	$11M
Intangible Assets	$0
Long-Term Investments	$804M
Tax Assets	$0
Other Non-Current Assets	$46M
TOTAL NON-CURRENT ASSETS	$889M
TOTAL ASSETS	$904M
Account Payables	$1M
Short-Term Debt	$11M
Deferred Revenue	$0
Other Current Liabilities	$625M
TOTAL CURRENT LIABILITIES	$637M
Long-Term Debt	$133M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42M
TOTAL NON-CURRENT LIABILITIES	$174M
TOTAL LIABILITIES	$811M
Common Stock	$3M
Additional Paid-In Capital	$22M
Retained Earnings	$68M
Treasury Stock	$0
Accum. Other Comp. Income	$71.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$93M
Minority Interest	$0
TOTAL EQUITY	$93M
TOTAL LIABILITIES & EQUITY	$904M
Total Debt	$144M
Net Debt	$134M