CFFI FY 2016 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2016 Earnings

Reported March 7, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$115M	—	$108M	—	7.2%
Op. Income	$18M	—	$17M	—	3.1%
Gross Margin	76.6%	—	77.5%	—	-0.9pp
Net Margin	11.7%	—	11.6%	—	0.0pp
EPS (Diluted)	$3.89	—	$3.68	—	5.7%
Free Cash Flow	$24M	—	$14M	—	79.5%

Revenue Flow

Item	Amount
REVENUE	$115M
Cost of Revenue	$27M
GROSS PROFIT	$88M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$50M
Other Expenses	$20M
Operating Expenses	$71M
Cost & Expenses	$98M
OPERATING INCOME	$18M
Interest Income	$89M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$4M
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	$13M
D&A	$3M
EBIT	$18M
EBITDA	$21M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$115M
Cost of Revenue	$27M
GROSS PROFIT	$88M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$50M
Other Expenses	$20M
Operating Expenses	$71M
Cost & Expenses	$98M
OPERATING INCOME	$18M
Interest Income	$89M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$18M
Income Tax Expense	$4M
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	$13M
D&A	$3M
EBIT	$18M
EBITDA	$21M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$3M
Stock-Based Compensation	$1M
Deferred Income Tax	-$23.0K
Other Non-Cash Items	$7M
Change in Working Capital	$2M
OPERATING CASH FLOW	$27M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$53M
Sales/Maturities of Investments	$57M
Other Investing Activities	-$108M
NET CASH FROM INVESTING	-$106M
Net Debt Issuance	-$13M
Common Stock Repurchased	$0
Common Dividends Paid	-$4M
Other Financing Activities	$47M
NET CASH FROM FINANCING	$30M
FREE CASH FLOW	$24M
Net Change in Cash	-$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$103M
Short-Term Investments	$210M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$320M
PP&E (Net)	$36M
Goodwill	$14M
Intangible Assets	$2M
Long-Term Investments	$1.0B
Tax Assets	$22M
Other Non-Current Assets	$43M
TOTAL NON-CURRENT ASSETS	$1.1B
TOTAL ASSETS	$1.5B
Account Payables	$703.0K
Short-Term Debt	$12M
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$152M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$28M
TOTAL NON-CURRENT LIABILITIES	$180M
TOTAL LIABILITIES	$1.3B
Common Stock	$3M
Additional Paid-In Capital	$12M
Retained Earnings	$125M
Treasury Stock	$0
Accum. Other Comp. Income	-$984.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$139M
Minority Interest	$0
TOTAL EQUITY	$139M
TOTAL LIABILITIES & EQUITY	$1.5B
Total Debt	$165M
Net Debt	$61M