CFFI FY 2014 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2014 Earnings

Reported March 11, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$106M	—	$102M	—	3.9%
Op. Income	$17M	—	$22M	—	-18.9%
Gross Margin	76.5%	—	76.7%	—	-0.2pp
Net Margin	11.7%	—	14.1%	—	-2.5pp
EPS (Diluted)	$3.59	—	$4.19	—	-14.3%
Free Cash Flow	$32M	—	$60M	—	-46.0%

Revenue Flow

Item	Amount
REVENUE	$106M
Cost of Revenue	$25M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$40M
SG&A Expenses	$41M
Other Expenses	$22M
Operating Expenses	$64M
Cost & Expenses	$88M
OPERATING INCOME	$17M
Interest Income	$86M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$5M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$106M
Cost of Revenue	$25M
GROSS PROFIT	$81M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$40M
SG&A Expenses	$41M
Other Expenses	$22M
Operating Expenses	$64M
Cost & Expenses	$88M
OPERATING INCOME	$17M
Interest Income	$86M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$17M
Income Tax Expense	$5M
Net Income from Continuing Ops	$12M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$12M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$12M
D&A	$3M
EBIT	$17M
EBITDA	$20M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$12M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	$2M
Other Non-Cash Items	$22M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$34M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$35M
Sales/Maturities of Investments	$39M
Other Investing Activities	-$26M
NET CASH FROM INVESTING	-$24M
Net Debt Issuance	-$3M
Common Stock Repurchased	-$161.0K
Common Dividends Paid	-$4M
Other Financing Activities	$17M
NET CASH FROM FINANCING	$10M
FREE CASH FLOW	$32M
Net Change in Cash	$19M

Balance Sheet

Item	Amount
Cash & Equivalents	$168M
Short-Term Investments	$222M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$396M
PP&E (Net)	$37M
Goodwill	$14M
Intangible Assets	$3M
Long-Term Investments	$828M
Tax Assets	$0
Other Non-Current Assets	$59M
TOTAL NON-CURRENT ASSETS	$942M
TOTAL ASSETS	$1.3B
Account Payables	$740.0K
Short-Term Debt	$14M
Deferred Revenue	$0
Other Current Liabilities	$1.0B
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$153M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$173M
TOTAL LIABILITIES	$1.2B
Common Stock	$3M
Additional Paid-In Capital	$9M
Retained Earnings	$108M
Treasury Stock	$0
Accum. Other Comp. Income	$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$124M
Minority Interest	$0
TOTAL EQUITY	$124M
TOTAL LIABILITIES & EQUITY	$1.3B
Total Debt	$167M
Net Debt	-$589.0K