CFFI FY 2011 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2011 Earnings

Reported March 5, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$91M	—	$100M	—	-8.6%
Op. Income	$19M	—	$11M	—	69.2%
Gross Margin	71.4%	—	71.7%	—	-0.3pp
Net Margin	14.3%	—	8.1%	—	6.1pp
EPS (Diluted)	$3.72	—	$2.24	—	66.1%
Free Cash Flow	$26M	—	-$15M	—	279.8%

Revenue Flow

Item	Amount
REVENUE	$91M
Cost of Revenue	$26M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$20M
Operating Expenses	$46M
Cost & Expenses	$72M
OPERATING INCOME	$19M
Interest Income	$74M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$6M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$19M
EBITDA	$21M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$91M
Cost of Revenue	$26M
GROSS PROFIT	$65M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$27M
SG&A Expenses	$27M
Other Expenses	$20M
Operating Expenses	$46M
Cost & Expenses	$72M
OPERATING INCOME	$19M
Interest Income	$74M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$19M
Income Tax Expense	$6M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$2M
EBIT	$19M
EBITDA	$21M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$2M
Stock-Based Compensation	$395.0K
Deferred Income Tax	-$1M
Other Non-Cash Items	$14M
Change in Working Capital	$285.0K
OPERATING CASH FLOW	$28M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$40M
Sales/Maturities of Investments	$31M
Other Investing Activities	-$21M
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$3M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$22M
NET CASH FROM FINANCING	$5M
FREE CASH FLOW	$26M
Net Change in Cash	$2M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$145M
Net Receivables	$5M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$160M
PP&E (Net)	$28M
Goodwill	$11M
Intangible Assets	$0
Long-Term Investments	$687M
Tax Assets	$0
Other Non-Current Assets	$41M
TOTAL NON-CURRENT ASSETS	$768M
TOTAL ASSETS	$928M
Account Payables	$1M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$646M
TOTAL CURRENT LIABILITIES	$655M
Long-Term Debt	$154M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$177M
TOTAL LIABILITIES	$832M
Common Stock	$3M
Additional Paid-In Capital	$13M
Retained Earnings	$76M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$96M
Minority Interest	$0
TOTAL EQUITY	$96M
TOTAL LIABILITIES & EQUITY	$928M
Total Debt	$161M
Net Debt	$151M