CM FY 2012 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

FY 2012 Earnings

Reported October 31, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$12.3B	—	$12.6B	—	-2.4%
Op. Income	$2.9B	—	$2.8B	—	4.9%
Gross Margin	65.2%	—	64.6%	—	0.6pp
Net Margin	19.5%	—	16.6%	—	2.9pp
EPS (Diluted)	$2.86	—	$2.68	—	6.8%
Free Cash Flow	$959M	—	$3.6B	—	-73.1%

Revenue Flow

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$4.3B
GROSS PROFIT	$8.0B
R&D Expenses	$0
Selling & Marketing	$170M
General & Administrative	$3.0B
SG&A Expenses	$3.2B
Other Expenses	$2.0B
Operating Expenses	$5.1B
Cost & Expenses	$9.4B
OPERATING INCOME	$2.9B
Interest Income	$8.7B
Interest Expense	$3.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$504M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$261M
EBIT	$2.9B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.3B
Cost of Revenue	$4.3B
GROSS PROFIT	$8.0B
R&D Expenses	$0
Selling & Marketing	$170M
General & Administrative	$3.0B
SG&A Expenses	$3.2B
Other Expenses	$2.0B
Operating Expenses	$5.1B
Cost & Expenses	$9.4B
OPERATING INCOME	$2.9B
Interest Income	$8.7B
Interest Expense	$3.4B
Other Income/Expenses	$0
INCOME BEFORE TAX	$2.9B
Income Tax Expense	$504M
Net Income from Continuing Ops	$2.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.3B
D&A	$261M
EBIT	$2.9B
EBITDA	$3.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.4B
Depreciation & Amortization	$261M
Stock-Based Compensation	$5M
Deferred Income Tax	$111M
Other Non-Cash Items	$816M
Change in Working Capital	-$2.4B
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$226M
Acquisitions (Net)	-$172M
Purchases of Investments	-$28.2B
Sales/Maturities of Investments	$30.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	$1.6B
Net Debt Issuance	-$199M
Common Stock Repurchased	-$905M
Common Dividends Paid	-$1.2B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.0B
FREE CASH FLOW	$959M
Net Change in Cash	$828M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.8B
Short-Term Investments	$18.1B
Net Receivables	$4.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$27.1B
PP&E (Net)	$1.2B
Goodwill	$1.2B
Intangible Assets	$480M
Long-Term Investments	$199.8B
Tax Assets	$334M
Other Non-Current Assets	$59.0B
TOTAL NON-CURRENT ASSETS	$260.7B
TOTAL ASSETS	$287.7B
Account Payables	$2.4B
Short-Term Debt	$22.1B
Deferred Revenue	$0
Other Current Liabilities	$190.9B
TOTAL CURRENT LIABILITIES	$215.3B
Long-Term Debt	$41.9B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$27M
Other Non-Current Liabilities	$15.9B
TOTAL NON-CURRENT LIABILITIES	$57.8B
TOTAL LIABILITIES	$275.3B
Common Stock	$5.7B
Additional Paid-In Capital	$62M
Retained Earnings	$5.2B
Treasury Stock	$0
Accum. Other Comp. Income	$193M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.3B
Minority Interest	$126M
TOTAL EQUITY	$12.5B
TOTAL LIABILITIES & EQUITY	$287.7B
Total Debt	$63.9B
Net Debt	$60.2B