CHCO FY 2020 Earnings Report — City Holding Company Revenue & Financial Results | Market Cap Arena

City Holding CompanyCHCO

FY 2020 Earnings

Reported February 24, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$255M	—	$261M	—	-2.1%
Op. Income	$111M	—	$113M	—	-1.9%
Gross Margin	86.5%	—	86.5%	—	-0.0pp
Net Margin	35.1%	—	34.3%	—	0.8pp
EPS (Diluted)	$5.55	—	$5.42	—	2.4%
Free Cash Flow	$84M	—	$100M	—	-16.0%

Revenue Flow

Item	Amount
REVENUE	$255M
Cost of Revenue	$34M
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$63M
SG&A Expenses	$66M
Other Expenses	$44M
Operating Expenses	$109M
Cost & Expenses	$144M
OPERATING INCOME	$111M
Interest Income	$178M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	$22M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$11M
EBIT	$111M
EBITDA	$122M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$255M
Cost of Revenue	$34M
GROSS PROFIT	$221M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$63M
SG&A Expenses	$66M
Other Expenses	$44M
Operating Expenses	$109M
Cost & Expenses	$144M
OPERATING INCOME	$111M
Interest Income	$178M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$111M
Income Tax Expense	$22M
Net Income from Continuing Ops	$90M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$90M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$89M
D&A	$11M
EBIT	$111M
EBITDA	$122M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$90M
Depreciation & Amortization	$11M
Stock-Based Compensation	$3M
Deferred Income Tax	$3M
Other Non-Cash Items	-$10M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$464M
Sales/Maturities of Investments	$190M
Other Investing Activities	-$6M
NET CASH FROM INVESTING	-$285M
Net Debt Issuance	$81M
Common Stock Repurchased	-$36M
Common Dividends Paid	-$37M
Other Financing Activities	$577M
NET CASH FROM FINANCING	$584M
FREE CASH FLOW	$84M
Net Change in Cash	$389M

Balance Sheet

Item	Amount
Cash & Equivalents	$529M
Short-Term Investments	$1.2B
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$77M
Goodwill	$109M
Intangible Assets	$10M
Long-Term Investments	$3.6B
Tax Assets	$0
Other Non-Current Assets	$215M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$5.8B
Account Payables	$0
Short-Term Debt	$296M
Deferred Revenue	$0
Other Current Liabilities	$4.7B
TOTAL CURRENT LIABILITIES	$4.9B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$3M
Other Non-Current Liabilities	$106M
TOTAL NON-CURRENT LIABILITIES	$109M
TOTAL LIABILITIES	$5.1B
Common Stock	$48M
Additional Paid-In Capital	$171M
Retained Earnings	$590M
Treasury Stock	-$139M
Accum. Other Comp. Income	$31M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$701M
Minority Interest	$0
TOTAL EQUITY	$701M
TOTAL LIABILITIES & EQUITY	$5.8B
Total Debt	$296M
Net Debt	-$233M