CHCO FY 2017 Earnings Report — City Holding Company Revenue & Financial Results | Market Cap Arena

City Holding CompanyCHCO

FY 2017 Earnings

Reported February 28, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$203M	—	$187M	—	8.6%
Op. Income	$91M	—	$77M	—	17.5%
Gross Margin	90.2%	—	90.6%	—	-0.3pp
Net Margin	26.8%	—	27.9%	—	-1.1pp
EPS (Diluted)	$3.48	—	$3.45	—	0.9%
Free Cash Flow	$70M	—	$60M	—	16.3%

Revenue Flow

Item	Amount
REVENUE	$203M
Cost of Revenue	$20M
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$52M
SG&A Expenses	$55M
Other Expenses	$37M
Operating Expenses	$92M
Cost & Expenses	$112M
OPERATING INCOME	$91M
Interest Income	$143M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$36M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$91M
EBITDA	$98M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$203M
Cost of Revenue	$20M
GROSS PROFIT	$183M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$52M
SG&A Expenses	$55M
Other Expenses	$37M
Operating Expenses	$92M
Cost & Expenses	$112M
OPERATING INCOME	$91M
Interest Income	$143M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$91M
Income Tax Expense	$36M
Net Income from Continuing Ops	$54M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$54M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$54M
D&A	$7M
EBIT	$91M
EBITDA	$98M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$54M
Depreciation & Amortization	$7M
Stock-Based Compensation	$2M
Deferred Income Tax	$15M
Other Non-Cash Items	-$2M
Change in Working Capital	$36.0K
OPERATING CASH FLOW	$76M
Capital Expenditure	-$7M
Acquisitions (Net)	$0
Purchases of Investments	-$187M
Sales/Maturities of Investments	$103M
Other Investing Activities	-$81M
NET CASH FROM INVESTING	-$172M
Net Debt Issuance	$4M
Common Stock Repurchased	$0
Common Dividends Paid	-$27M
Other Financing Activities	$85M
NET CASH FROM FINANCING	$90M
FREE CASH FLOW	$70M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$83M
Short-Term Investments	$550M
Net Receivables	$9M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$642M
PP&E (Net)	$73M
Goodwill	$76M
Intangible Assets	$2M
Long-Term Investments	$3.2B
Tax Assets	$12M
Other Non-Current Assets	$140M
TOTAL NON-CURRENT ASSETS	$3.5B
TOTAL ASSETS	$4.1B
Account Payables	$0
Short-Term Debt	$252M
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.6B
Long-Term Debt	$16M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$45M
TOTAL NON-CURRENT LIABILITIES	$62M
TOTAL LIABILITIES	$3.6B
Common Stock	$48M
Additional Paid-In Capital	$141M
Retained Earnings	$443M
Treasury Stock	-$125M
Accum. Other Comp. Income	-$6M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$502M
Minority Interest	$0
TOTAL EQUITY	$502M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$269M
Net Debt	$186M