CFFI FY 2019 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2019 Earnings

Reported March 3, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$125M	—	$117M	—	6.2%
Op. Income	$24M	—	$23M	—	6.2%
Gross Margin	81.5%	—	81.2%	—	0.3pp
Net Margin	15.1%	—	15.3%	—	-0.2pp
EPS (Diluted)	$5.47	—	$5.15	—	6.2%
Free Cash Flow	-$17M	—	$44M	—	-139.2%

Revenue Flow

Item	Amount
REVENUE	$125M
Cost of Revenue	$23M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$47M
SG&A Expenses	$49M
Other Expenses	$29M
Operating Expenses	$78M
Cost & Expenses	$101M
OPERATING INCOME	$24M
Interest Income	$95M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$5M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$24M
EBITDA	$28M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$125M
Cost of Revenue	$23M
GROSS PROFIT	$102M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$47M
SG&A Expenses	$49M
Other Expenses	$29M
Operating Expenses	$78M
Cost & Expenses	$101M
OPERATING INCOME	$24M
Interest Income	$95M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$24M
Income Tax Expense	$5M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$24M
EBITDA	$28M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$4M
Stock-Based Compensation	$1M
Deferred Income Tax	$354.0K
Other Non-Cash Items	-$41M
Change in Working Capital	$1M
OPERATING CASH FLOW	-$15M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$48M
Sales/Maturities of Investments	$76M
Other Investing Activities	-$61M
NET CASH FROM INVESTING	-$36M
Net Debt Issuance	$1M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$5M
Other Financing Activities	$110M
NET CASH FROM FINANCING	$101M
FREE CASH FLOW	-$17M
Net Change in Cash	$50M

Balance Sheet

Item	Amount
Cash & Equivalents	$165M
Short-Term Investments	$190M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$362M
PP&E (Net)	$35M
Goodwill	$14M
Intangible Assets	$912.0K
Long-Term Investments	$1.2B
Tax Assets	$11M
Other Non-Current Assets	$61M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$1.7B
Account Payables	$1M
Short-Term Debt	$16M
Deferred Revenue	$0
Other Current Liabilities	$1.3B
TOTAL CURRENT LIABILITIES	$1.3B
Long-Term Debt	$145M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$38M
TOTAL NON-CURRENT LIABILITIES	$183M
TOTAL LIABILITIES	$1.5B
Common Stock	$3M
Additional Paid-In Capital	$10M
Retained Earnings	$154M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$165M
Minority Interest	$481.0K
TOTAL EQUITY	$165M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$161M
Net Debt	-$4M