CFFI FY 2012 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2012 Earnings

Reported March 5, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$98M	—	$91M	—	7.3%
Op. Income	$24M	—	$19M	—	28.4%
Gross Margin	76.9%	—	71.4%	—	5.6pp
Net Margin	16.8%	—	14.3%	—	2.5pp
EPS (Diluted)	$4.86	—	$3.72	—	30.6%
Free Cash Flow	$28M	—	$26M	—	8.6%

Revenue Flow

Item	Amount
REVENUE	$98M
Cost of Revenue	$23M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$813.0K
General & Administrative	$30M
SG&A Expenses	$31M
Other Expenses	$20M
Operating Expenses	$51M
Cost & Expenses	$74M
OPERATING INCOME	$24M
Interest Income	$77M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$8M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$24M
EBITDA	$26M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$98M
Cost of Revenue	$23M
GROSS PROFIT	$75M
R&D Expenses	$0
Selling & Marketing	$813.0K
General & Administrative	$30M
SG&A Expenses	$31M
Other Expenses	$20M
Operating Expenses	$51M
Cost & Expenses	$74M
OPERATING INCOME	$24M
Interest Income	$77M
Interest Expense	$10M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$8M
Net Income from Continuing Ops	$16M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$16M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$2M
EBIT	$24M
EBITDA	$26M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$16M
Depreciation & Amortization	$2M
Stock-Based Compensation	$566.0K
Deferred Income Tax	-$848.0K
Other Non-Cash Items	$13M
Change in Working Capital	-$2M
OPERATING CASH FLOW	$29M
Capital Expenditure	-$891.0K
Acquisitions (Net)	$0
Purchases of Investments	-$41M
Sales/Maturities of Investments	$34M
Other Investing Activities	-$37M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$2M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$41M
NET CASH FROM FINANCING	$29M
FREE CASH FLOW	$28M
Net Change in Cash	$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$26M
Short-Term Investments	$153M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$184M
PP&E (Net)	$27M
Goodwill	$11M
Intangible Assets	$0
Long-Term Investments	$713M
Tax Assets	$0
Other Non-Current Assets	$42M
TOTAL NON-CURRENT ASSETS	$793M
TOTAL ASSETS	$977M
Account Payables	$837.0K
Short-Term Debt	$9M
Deferred Revenue	$0
Other Current Liabilities	$686M
TOTAL CURRENT LIABILITIES	$696M
Long-Term Debt	$154M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$25M
TOTAL NON-CURRENT LIABILITIES	$179M
TOTAL LIABILITIES	$875M
Common Stock	$3M
Additional Paid-In Capital	$6M
Retained Earnings	$89M
Treasury Stock	$0
Accum. Other Comp. Income	$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$102M
Minority Interest	$0
TOTAL EQUITY	$102M
TOTAL LIABILITIES & EQUITY	$977M
Total Debt	$163M
Net Debt	$137M