CHCO FY 2018 Earnings Report — City Holding Company Revenue & Financial Results | Market Cap Arena

City Holding CompanyCHCO

FY 2018 Earnings

Reported March 11, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$220M	—	$203M	—	8.6%
Op. Income	$88M	—	$91M	—	-3.0%
Gross Margin	89.4%	—	90.2%	—	-0.9pp
Net Margin	31.8%	—	26.8%	—	5.0pp
EPS (Diluted)	$4.53	—	$3.48	—	30.2%
Free Cash Flow	$67M	—	$70M	—	-3.1%

Revenue Flow

Item	Amount
REVENUE	$220M
Cost of Revenue	$23M
GROSS PROFIT	$197M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$56M
SG&A Expenses	$59M
Other Expenses	$50M
Operating Expenses	$109M
Cost & Expenses	$132M
OPERATING INCOME	$88M
Interest Income	$164M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$88M
Income Tax Expense	$18M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$6M
EBIT	$88M
EBITDA	$94M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$220M
Cost of Revenue	$23M
GROSS PROFIT	$197M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$56M
SG&A Expenses	$59M
Other Expenses	$50M
Operating Expenses	$109M
Cost & Expenses	$132M
OPERATING INCOME	$88M
Interest Income	$164M
Interest Expense	$26M
Other Income/Expenses	$0
INCOME BEFORE TAX	$88M
Income Tax Expense	$18M
Net Income from Continuing Ops	$70M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$70M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$69M
D&A	$6M
EBIT	$88M
EBITDA	$94M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$70M
Depreciation & Amortization	$6M
Stock-Based Compensation	$2M
Deferred Income Tax	-$1M
Other Non-Cash Items	-$8M
Change in Working Capital	$8M
OPERATING CASH FLOW	$78M
Capital Expenditure	-$10M
Acquisitions (Net)	$12M
Purchases of Investments	-$171M
Sales/Maturities of Investments	$97M
Other Investing Activities	-$96M
NET CASH FROM INVESTING	-$168M
Net Debt Issuance	-$9M
Common Stock Repurchased	-$20M
Common Dividends Paid	-$30M
Other Financing Activities	$190M
NET CASH FROM FINANCING	$131M
FREE CASH FLOW	$67M
Net Change in Cash	$40M

Balance Sheet

Item	Amount
Cash & Equivalents	$123M
Short-Term Investments	$723M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$857M
PP&E (Net)	$78M
Goodwill	$110M
Intangible Assets	$13M
Long-Term Investments	$3.7B
Tax Assets	$17M
Other Non-Current Assets	$160M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$4.9B
Account Payables	$0
Short-Term Debt	$262M
Deferred Revenue	$0
Other Current Liabilities	$4.0B
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$4M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$61M
TOTAL LIABILITIES	$4.3B
Common Stock	$48M
Additional Paid-In Capital	$170M
Retained Earnings	$486M
Treasury Stock	-$88M
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$604M
Minority Interest	$0
TOTAL EQUITY	$604M
TOTAL LIABILITIES & EQUITY	$4.9B
Total Debt	$266M
Net Debt	$143M