CHCO FY 2012 Earnings Report — City Holding Company Revenue & Financial Results | Market Cap Arena

City Holding CompanyCHCO

FY 2012 Earnings

Reported March 15, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$165M	—	$165M	—	-0.4%
Op. Income	$59M	—	$61M	—	-3.3%
Gross Margin	87.4%	—	84.7%	—	2.7pp
Net Margin	23.6%	—	24.6%	—	-0.9pp
EPS (Diluted)	$2.61	—	$2.67	—	-2.2%
Free Cash Flow	$46M	—	$55M	—	-15.5%

Revenue Flow

Item	Amount
REVENUE	$165M
Cost of Revenue	$21M
GROSS PROFIT	$144M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$45M
SG&A Expenses	$48M
Other Expenses	$37M
Operating Expenses	$85M
Cost & Expenses	$106M
OPERATING INCOME	$59M
Interest Income	$112M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$20M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$5M
EBIT	$59M
EBITDA	$65M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$165M
Cost of Revenue	$21M
GROSS PROFIT	$144M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$45M
SG&A Expenses	$48M
Other Expenses	$37M
Operating Expenses	$85M
Cost & Expenses	$106M
OPERATING INCOME	$59M
Interest Income	$112M
Interest Expense	$14M
Other Income/Expenses	$0
INCOME BEFORE TAX	$59M
Income Tax Expense	$20M
Net Income from Continuing Ops	$39M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$39M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$39M
D&A	$5M
EBIT	$59M
EBITDA	$65M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$39M
Depreciation & Amortization	$5M
Stock-Based Compensation	$1M
Deferred Income Tax	$3M
Other Non-Cash Items	$334.0K
Change in Working Capital	$6M
OPERATING CASH FLOW	$54M
Capital Expenditure	-$8M
Acquisitions (Net)	$20M
Purchases of Investments	-$171M
Sales/Maturities of Investments	$183M
Other Investing Activities	-$103M
NET CASH FROM INVESTING	-$78M
Net Debt Issuance	-$74M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$21M
Other Financing Activities	$66M
NET CASH FROM FINANCING	-$37M
FREE CASH FLOW	$46M
Net Change in Cash	-$61M

Balance Sheet

Item	Amount
Cash & Equivalents	$75M
Short-Term Investments	$377M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$459M
PP&E (Net)	$73M
Goodwill	$63M
Intangible Assets	$2M
Long-Term Investments	$2.2B
Tax Assets	$33M
Other Non-Current Assets	$136M
TOTAL NON-CURRENT ASSETS	$2.5B
TOTAL ASSETS	$2.9B
Account Payables	$0
Short-Term Debt	$115M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$16M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$60M
TOTAL LIABILITIES	$2.6B
Common Stock	$46M
Additional Paid-In Capital	$104M
Retained Earnings	$309M
Treasury Stock	-$124M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$333M
Minority Interest	$0
TOTAL EQUITY	$333M
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$131M
Net Debt	$56M