CM FY 2011 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

FY 2011 Earnings

Reported October 31, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$12.6B	—	$11.0B	—	15.4%
Op. Income	$2.8B	—	$2.9B	—	-5.2%
Gross Margin	64.6%	—	73.7%	—	-9.1pp
Net Margin	16.6%	—	16.4%	—	0.2pp
EPS (Diluted)	$2.68	—	$2.15	—	24.5%
Free Cash Flow	$3.6B	—	-$6.0B	—	159.4%

Revenue Flow

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$4.5B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$156M
General & Administrative	$3.0B
SG&A Expenses	$3.1B
Other Expenses	$2.3B
Operating Expenses	$5.4B
Cost & Expenses	$9.9B
OPERATING INCOME	$2.8B
Interest Income	$8.8B
Interest Expense	$3.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$678M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	-$28M
BOTTOM LINE NET INCOME	$2.0B
D&A	$407M
EBIT	$2.8B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$4.5B
GROSS PROFIT	$8.2B
R&D Expenses	$0
Selling & Marketing	$156M
General & Administrative	$3.0B
SG&A Expenses	$3.1B
Other Expenses	$2.3B
Operating Expenses	$5.4B
Cost & Expenses	$9.9B
OPERATING INCOME	$2.8B
Interest Income	$8.8B
Interest Expense	$3.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.8B
Income Tax Expense	$678M
Net Income from Continuing Ops	$2.1B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.1B
Net Income Deductions	-$28M
BOTTOM LINE NET INCOME	$2.0B
D&A	$407M
EBIT	$2.8B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.1B
Depreciation & Amortization	$407M
Stock-Based Compensation	$4M
Deferred Income Tax	$379M
Other Non-Cash Items	$821M
Change in Working Capital	$16M
OPERATING CASH FLOW	$3.7B
Capital Expenditure	-$171M
Acquisitions (Net)	-$625M
Purchases of Investments	-$24.6B
Sales/Maturities of Investments	$22.6B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$293M
Common Stock Repurchased	-$745M
Common Dividends Paid	-$1.1B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$3.6B
Net Change in Cash	-$246M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.2B
Short-Term Investments	$19.8B
Net Receivables	$4.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$28.9B
PP&E (Net)	$1.2B
Goodwill	$1.2B
Intangible Assets	$463M
Long-Term Investments	$198.1B
Tax Assets	$471M
Other Non-Current Assets	$51.7B
TOTAL NON-CURRENT ASSETS	$251.8B
TOTAL ASSETS	$280.7B
Account Payables	$2.6B
Short-Term Debt	$20.7B
Deferred Revenue	$0
Other Current Liabilities	$181.6B
TOTAL CURRENT LIABILITIES	$207.1B
Long-Term Debt	$41.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$37M
Other Non-Current Liabilities	$20.5B
TOTAL NON-CURRENT LIABILITIES	$61.9B
TOTAL LIABILITIES	$268.9B
Common Stock	$5.4B
Additional Paid-In Capital	$68M
Retained Earnings	$4.0B
Treasury Stock	$0
Accum. Other Comp. Income	$179M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.6B
Minority Interest	$120M
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$280.7B
Total Debt	$62.0B
Net Debt	$57.8B