CHCO Q3 2016 Earnings Report — City Holding Company Revenue & Financial Results | Market Cap Arena

City Holding CompanyCHCO

Q3 2016 Earnings

Reported November 3, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q3 2016	Q2 2016	Q3 2015	QoQ Change	YoY Change
Revenue	$49M	$46M	—	4.5%	—
Op. Income	$20M	$19M	—	5.1%	—
Gross Margin	90.3%	90.6%	—	-0.2pp	—
Net Margin	27.2%	27.0%	—	0.3pp	—
EPS (Diluted)	$0.88	$0.83	—	6.0%	—
Free Cash Flow	$8M	$22M	—	-64.3%	—

Revenue Flow

Item	Amount
REVENUE	$49M
Cost of Revenue	$5M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$667.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$10M
Operating Expenses	$24M
Cost & Expenses	$29M
OPERATING INCOME	$20M
Interest Income	$33M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$7M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$2M
EBIT	$20M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$49M
Cost of Revenue	$5M
GROSS PROFIT	$44M
R&D Expenses	$0
Selling & Marketing	$667.0K
General & Administrative	$14M
SG&A Expenses	$14M
Other Expenses	$10M
Operating Expenses	$24M
Cost & Expenses	$29M
OPERATING INCOME	$20M
Interest Income	$33M
Interest Expense	$3M
Other Income/Expenses	$0
INCOME BEFORE TAX	$20M
Income Tax Expense	$7M
Net Income from Continuing Ops	$13M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$13M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$2M
EBIT	$20M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$13M
Depreciation & Amortization	$2M
Stock-Based Compensation	$445.0K
Deferred Income Tax	$1M
Other Non-Cash Items	-$1M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$10M
Capital Expenditure	-$2M
Acquisitions (Net)	$0
Purchases of Investments	-$78M
Sales/Maturities of Investments	$55M
Other Investing Activities	-$55M
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	$26M
Common Stock Repurchased	$0
Common Dividends Paid	-$6M
Other Financing Activities	$37M
NET CASH FROM FINANCING	$56M
FREE CASH FLOW	$8M
Net Change in Cash	-$14M

Balance Sheet

Item	Amount
Cash & Equivalents	$65M
Short-Term Investments	$435M
Net Receivables	$8M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$508M
PP&E (Net)	$76M
Goodwill	$0
Intangible Assets	$79M
Long-Term Investments	$3.0B
Tax Assets	$23M
Other Non-Current Assets	$151M
TOTAL NON-CURRENT ASSETS	$3.4B
TOTAL ASSETS	$3.9B
Account Payables	$0
Short-Term Debt	$179M
Deferred Revenue	$0
Other Current Liabilities	$3.2B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$16M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$56M
TOTAL NON-CURRENT LIABILITIES	$73M
TOTAL LIABILITIES	$3.4B
Common Stock	$46M
Additional Paid-In Capital	$106M
Retained Earnings	$409M
Treasury Stock	-$128M
Accum. Other Comp. Income	$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$435M
Minority Interest	$0
TOTAL EQUITY	$435M
TOTAL LIABILITIES & EQUITY	$3.9B
Total Debt	$196M
Net Debt	$131M