CM FY 2006 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

FY 2006 Earnings

Reported October 31, 2006

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$14.8B	—	—	—	—
Op. Income	$2.4B	—	—	—	—
Gross Margin	53.5%	—	—	—	—
Net Margin	13.1%	—	—	—	—
EPS (Diluted)	$2.72	—	—	—	—
Free Cash Flow	-$5.2B	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$14.8B
Cost of Revenue	$6.9B
GROSS PROFIT	$7.9B
R&D Expenses	$0
Selling & Marketing	$162M
General & Administrative	$3.1B
SG&A Expenses	$3.3B
Other Expenses	$2.2B
Operating Expenses	$5.5B
Cost & Expenses	$12.3B
OPERATING INCOME	$2.4B
Interest Income	$9.7B
Interest Expense	$6.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$468M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$172M
EBIT	$2.4B
EBITDA	$2.6B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$14.8B
Cost of Revenue	$6.9B
GROSS PROFIT	$7.9B
R&D Expenses	$0
Selling & Marketing	$162M
General & Administrative	$3.1B
SG&A Expenses	$3.3B
Other Expenses	$2.2B
Operating Expenses	$5.5B
Cost & Expenses	$12.3B
OPERATING INCOME	$2.4B
Interest Income	$9.7B
Interest Expense	$6.5B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$468M
Net Income from Continuing Ops	$2.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.8B
D&A	$172M
EBIT	$2.4B
EBITDA	$2.6B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$172M
Stock-Based Compensation	$22M
Deferred Income Tax	$260M
Other Non-Cash Items	$349M
Change in Working Capital	-$7.8B
OPERATING CASH FLOW	-$5.1B
Capital Expenditure	-$80M
Acquisitions (Net)	-$55M
Purchases of Investments	-$11.4B
Sales/Maturities of Investments	$12.7B
Other Investing Activities	-$14.5B
NET CASH FROM INVESTING	-$13.3B
Net Debt Issuance	$388M
Common Stock Repurchased	-$14M
Common Dividends Paid	-$772M
Other Financing Activities	$18.8B
NET CASH FROM FINANCING	$18.5B
FREE CASH FLOW	-$5.2B
Net Change in Cash	$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.7B
Short-Term Investments	$13.0B
Net Receivables	$2.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$24.9B
PP&E (Net)	$1.5B
Goodwill	$718M
Intangible Assets	$140M
Long-Term Investments	$123.3B
Tax Assets	$453M
Other Non-Current Assets	$72.4B
TOTAL NON-CURRENT ASSETS	$197.5B
TOTAL ASSETS	$222.4B
Account Payables	$1.6B
Short-Term Debt	$32.3B
Deferred Revenue	$0
Other Current Liabilities	$158.5B
TOTAL CURRENT LIABILITIES	$194.6B
Long-Term Debt	$4.1B
Deferred Revenue NC	$34M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$14.6B
TOTAL NON-CURRENT LIABILITIES	$18.7B
TOTAL LIABILITIES	$213.3B
Common Stock	$2.2B
Additional Paid-In Capital	$2.3B
Retained Earnings	$5.3B
Treasury Stock	-$14M
Accum. Other Comp. Income	-$323M
Other Equity	-$2.2B
TOTAL STOCKHOLDERS' EQUITY	$9.0B
Minority Interest	$9M
TOTAL EQUITY	$9.0B
TOTAL LIABILITIES & EQUITY	$222.4B
Total Debt	$36.4B
Net Debt	$27.8B