CFFI FY 2022 Earnings Report — C&F Financial Corporation Revenue & Financial Results | Market Cap Arena

C&F Financial CorporationCFFI

FY 2022 Earnings

Reported February 28, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$123M	—	—	—	—
Op. Income	$37M	—	—	—	—
Gross Margin	91.0%	—	—	—	—
Net Margin	23.6%	—	—	—	—
EPS (Diluted)	$8.29	—	—	—	—
Free Cash Flow	$87M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$123M
Cost of Revenue	$11M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$25M
Operating Expenses	$75M
Cost & Expenses	$86M
OPERATING INCOME	$37M
Interest Income	$101M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$8M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$4M
EBIT	$37M
EBITDA	$41M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$123M
Cost of Revenue	$11M
GROSS PROFIT	$112M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$49M
SG&A Expenses	$51M
Other Expenses	$25M
Operating Expenses	$75M
Cost & Expenses	$86M
OPERATING INCOME	$37M
Interest Income	$101M
Interest Expense	$8M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$8M
Net Income from Continuing Ops	$29M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$29M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$29M
D&A	$4M
EBIT	$37M
EBITDA	$41M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$29M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$708.0K
Other Non-Cash Items	$64M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$91M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$242M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$221M
NET CASH FROM INVESTING	-$411M
Net Debt Issuance	$2M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$6M
Other Financing Activities	$89M
NET CASH FROM FINANCING	$80M
FREE CASH FLOW	$87M
Net Change in Cash	-$241M

Balance Sheet

Item	Amount
Cash & Equivalents	$27M
Short-Term Investments	$513M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$548M
PP&E (Net)	$44M
Goodwill	$25M
Intangible Assets	$2M
Long-Term Investments	$1.6B
Tax Assets	$22M
Other Non-Current Assets	$82M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$2.3B
Account Payables	$950.0K
Short-Term Debt	$37M
Deferred Revenue	$0
Other Current Liabilities	$2.0B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$55M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$39M
TOTAL NON-CURRENT LIABILITIES	$95M
TOTAL LIABILITIES	$2.1B
Common Stock	$3M
Additional Paid-In Capital	$12M
Retained Earnings	$217M
Treasury Stock	$0
Accum. Other Comp. Income	-$37M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$196M
Minority Interest	$599.0K
TOTAL EQUITY	$196M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$92M
Net Debt	$65M