CM FY 2015 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

FY 2015 Earnings

Reported October 31, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$12.6B	—	$12.5B	—	1.0%
Op. Income	$3.1B	—	$2.9B	—	7.9%
Gross Margin	74.8%	—	71.0%	—	3.9pp
Net Margin	20.7%	—	18.8%	—	1.9pp
EPS (Diluted)	$3.24	—	$2.87	—	12.7%
Free Cash Flow	$14.1B	—	-$12.3B	—	214.3%

Revenue Flow

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$206M
General & Administrative	$3.5B
SG&A Expenses	$3.7B
Other Expenses	$2.6B
Operating Expenses	$6.4B
Cost & Expenses	$9.5B
OPERATING INCOME	$3.1B
Interest Income	$8.4B
Interest Expense	$2.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$464M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$318M
EBIT	$3.1B
EBITDA	$3.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$12.6B
Cost of Revenue	$3.2B
GROSS PROFIT	$9.4B
R&D Expenses	$0
Selling & Marketing	$206M
General & Administrative	$3.5B
SG&A Expenses	$3.7B
Other Expenses	$2.6B
Operating Expenses	$6.4B
Cost & Expenses	$9.5B
OPERATING INCOME	$3.1B
Interest Income	$8.4B
Interest Expense	$2.6B
Other Income/Expenses	$0
INCOME BEFORE TAX	$3.1B
Income Tax Expense	$464M
Net Income from Continuing Ops	$2.6B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$2.6B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$2.6B
D&A	$318M
EBIT	$3.1B
EBITDA	$3.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$2.6B
Depreciation & Amortization	$318M
Stock-Based Compensation	$4M
Deferred Income Tax	-$45M
Other Non-Cash Items	$274M
Change in Working Capital	$11.1B
OPERATING CASH FLOW	$14.3B
Capital Expenditure	-$187M
Acquisitions (Net)	$0
Purchases of Investments	-$30.1B
Sales/Maturities of Investments	$18.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$12.1B
Net Debt Issuance	-$827M
Common Stock Repurchased	-$470M
Common Dividends Paid	-$1.3B
Other Financing Activities	$0
NET CASH FROM FINANCING	-$2.1B
FREE CASH FLOW	$14.1B
Net Change in Cash	$263M

Balance Sheet

Item	Amount
Cash & Equivalents	$14.6B
Short-Term Investments	$20.9B
Net Receivables	$6.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$42.3B
PP&E (Net)	$1.4B
Goodwill	$1.1B
Intangible Assets	$876M
Long-Term Investments	$227.7B
Tax Assets	$371M
Other Non-Current Assets	$66.3B
TOTAL NON-CURRENT ASSETS	$296.6B
TOTAL ASSETS	$338.9B
Account Payables	$2.9B
Short-Term Debt	$52.3B
Deferred Revenue	$0
Other Current Liabilities	$184.8B
TOTAL CURRENT LIABILITIES	$240.0B
Long-Term Debt	$47.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$33.5B
TOTAL NON-CURRENT LIABILITIES	$81.1B
TOTAL LIABILITIES	$323.1B
Common Stock	$5.7B
Additional Paid-In Capital	$56M
Retained Earnings	$8.4B
Treasury Stock	$0
Accum. Other Comp. Income	$759M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.6B
Minority Interest	$141M
TOTAL EQUITY	$15.8B
TOTAL LIABILITIES & EQUITY	$338.9B
Total Debt	$99.9B
Net Debt	$85.3B