CFFI FY 2013 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2013 Earnings

Reported March 7, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$102M	—	$98M	—	4.4%
Op. Income	$22M	—	$24M	—	-10.2%
Gross Margin	76.7%	—	76.9%	—	-0.2pp
Net Margin	14.1%	—	16.8%	—	-2.7pp
EPS (Diluted)	$4.19	—	$4.86	—	-13.8%
Free Cash Flow	$60M	—	$28M	—	111.1%

Revenue Flow

Item	Amount
REVENUE	$102M
Cost of Revenue	$24M
GROSS PROFIT	$78M
R&D Expenses	$0
Selling & Marketing	$964.0K
General & Administrative	$34M
SG&A Expenses	$35M
Other Expenses	$22M
Operating Expenses	$57M
Cost & Expenses	$80M
OPERATING INCOME	$22M
Interest Income	$80M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$22M
EBITDA	$24M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$102M
Cost of Revenue	$24M
GROSS PROFIT	$78M
R&D Expenses	$0
Selling & Marketing	$964.0K
General & Administrative	$34M
SG&A Expenses	$35M
Other Expenses	$22M
Operating Expenses	$57M
Cost & Expenses	$80M
OPERATING INCOME	$22M
Interest Income	$80M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$22M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$14M
D&A	$2M
EBIT	$22M
EBITDA	$24M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$2M
Stock-Based Compensation	$743.0K
Deferred Income Tax	$2M
Other Non-Cash Items	$52M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$4M
Acquisitions (Net)	$56M
Purchases of Investments	-$32M
Sales/Maturities of Investments	$79M
Other Investing Activities	-$9M
NET CASH FROM INVESTING	$91M
Net Debt Issuance	-$39M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$32M
FREE CASH FLOW	$60M
Net Change in Cash	$123M

Balance Sheet

Item	Amount
Cash & Equivalents	$56M
Short-Term Investments	$218M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$281M
PP&E (Net)	$38M
Goodwill	$14M
Intangible Assets	$4M
Long-Term Investments	$821M
Tax Assets	$0
Other Non-Current Assets	$154M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.3B
Account Payables	$843.0K
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$158M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$178M
TOTAL LIABILITIES	$1.2B
Common Stock	$3M
Additional Paid-In Capital	$11M
Retained Earnings	$99M
Treasury Stock	$0
Accum. Other Comp. Income	-$266.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$113M
Minority Interest	$0
TOTAL EQUITY	$113M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$170M
Net Debt	$113M