CM FY 2009 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

FY 2009 Earnings

Reported October 31, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$10.1B	—	$9.3B	—	9.2%
Op. Income	$1.2B	—	-$3.1B	—	138.0%
Gross Margin	59.9%	—	23.2%	—	36.7pp
Net Margin	8.5%	—	-16.3%	—	24.7pp
EPS (Diluted)	$0.97	—	$-2.15	—	145.2%
Free Cash Flow	$18.0B	—	$208M	—	8553.9%

Revenue Flow

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.1B
R&D Expenses	$0
Selling & Marketing	$127M
General & Administrative	$2.6B
SG&A Expenses	$2.8B
Other Expenses	$2.1B
Operating Expenses	$4.9B
Cost & Expenses	$8.9B
OPERATING INCOME	$1.2B
Interest Income	$6.8B
Interest Expense	$2.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$310M
Net Income from Continuing Ops	$874M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$859M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$295M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$10.1B
Cost of Revenue	$4.1B
GROSS PROFIT	$6.1B
R&D Expenses	$0
Selling & Marketing	$127M
General & Administrative	$2.6B
SG&A Expenses	$2.8B
Other Expenses	$2.1B
Operating Expenses	$4.9B
Cost & Expenses	$8.9B
OPERATING INCOME	$1.2B
Interest Income	$6.8B
Interest Expense	$2.9B
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.2B
Income Tax Expense	$310M
Net Income from Continuing Ops	$874M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$859M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$740M
D&A	$295M
EBIT	$1.2B
EBITDA	$1.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$859M
Depreciation & Amortization	$295M
Stock-Based Compensation	$9M
Deferred Income Tax	$28M
Other Non-Cash Items	$789M
Change in Working Capital	$16.3B
OPERATING CASH FLOW	$18.2B
Capital Expenditure	-$199M
Acquisitions (Net)	$0
Purchases of Investments	-$67.0B
Sales/Maturities of Investments	$64.7B
Other Investing Activities	-$6.9B
NET CASH FROM INVESTING	-$9.4B
Net Debt Issuance	-$1.0B
Common Stock Repurchased	$0
Common Dividends Paid	-$1.1B
Other Financing Activities	-$7.0B
NET CASH FROM FINANCING	-$8.7B
FREE CASH FLOW	$18.0B
Net Change in Cash	$186M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.0B
Short-Term Investments	$29.4B
Net Receivables	$6.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42.0B
PP&E (Net)	$1.2B
Goodwill	$1.5B
Intangible Assets	$489M
Long-Term Investments	$158.3B
Tax Assets	$1.2B
Other Non-Current Assets	$42.5B
TOTAL NON-CURRENT ASSETS	$203.7B
TOTAL ASSETS	$245.7B
Account Payables	$4.5B
Short-Term Debt	$37.9B
Deferred Revenue	$0
Other Current Liabilities	$167.5B
TOTAL CURRENT LIABILITIES	$212.2B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$19.2B
TOTAL NON-CURRENT LIABILITIES	$23.0B
TOTAL LIABILITIES	$235.2B
Common Stock	$4.6B
Additional Paid-In Capital	$67M
Retained Earnings	$3.8B
Treasury Stock	$731.5K
Accum. Other Comp. Income	-$270M
Other Equity	-$731.5K
TOTAL STOCKHOLDERS' EQUITY	$10.4B
Minority Interest	$127M
TOTAL EQUITY	$10.6B
TOTAL LIABILITIES & EQUITY	$245.7B
Total Debt	$41.6B
Net Debt	$35.7B