CM Q2 2016 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

Q2 2016 Earnings

Reported April 30, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2016	Q1 2016	Q2 2015	QoQ Change	YoY Change
Revenue	$3.3B	—	—	—	—
Op. Income	$779M	—	—	—	—
Gross Margin	72.4%	—	—	—	—
Net Margin	21.0%	—	—	—	—
EPS (Diluted)	$0.86	—	—	—	—
Free Cash Flow	-$578M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$899M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$46M
General & Administrative	$877M
SG&A Expenses	$923M
Other Expenses	$659M
Operating Expenses	$1.6B
Cost & Expenses	$2.5B
OPERATING INCOME	$779M
Interest Income	$2.2B
Interest Expense	$662M
Other Income/Expenses	$0
INCOME BEFORE TAX	$779M
Income Tax Expense	$91M
Net Income from Continuing Ops	$688M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$677M
D&A	$82M
EBIT	$779M
EBITDA	$861M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$899M
GROSS PROFIT	$2.4B
R&D Expenses	$0
Selling & Marketing	$46M
General & Administrative	$877M
SG&A Expenses	$923M
Other Expenses	$659M
Operating Expenses	$1.6B
Cost & Expenses	$2.5B
OPERATING INCOME	$779M
Interest Income	$2.2B
Interest Expense	$662M
Other Income/Expenses	$0
INCOME BEFORE TAX	$779M
Income Tax Expense	$91M
Net Income from Continuing Ops	$688M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$685M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$677M
D&A	$82M
EBIT	$779M
EBITDA	$861M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$685M
Depreciation & Amortization	$82M
Stock-Based Compensation	$731.4K
Deferred Income Tax	-$37M
Other Non-Cash Items	$159M
Change in Working Capital	-$1.5B
OPERATING CASH FLOW	-$593M
Capital Expenditure	$15M
Acquisitions (Net)	$0
Purchases of Investments	-$5.3B
Sales/Maturities of Investments	$6.1B
Other Investing Activities	$0
NET CASH FROM INVESTING	$788M
Net Debt Issuance	$0
Common Stock Repurchased	-$48M
Common Dividends Paid	-$348M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$382M
FREE CASH FLOW	-$578M
Net Change in Cash	-$317M

Balance Sheet

Item	Amount
Cash & Equivalents	$8.4B
Short-Term Investments	$24.2B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$32.6B
PP&E (Net)	$1.3B
Goodwill	$1.1B
Intangible Assets	$943M
Long-Term Investments	$236.3B
Tax Assets	$541M
Other Non-Current Assets	$78.2B
TOTAL NON-CURRENT ASSETS	$317.1B
TOTAL ASSETS	$349.7B
Account Payables	$0
Short-Term Debt	$10.5B
Deferred Revenue	$0
Other Current Liabilities	$249.6B
TOTAL CURRENT LIABILITIES	$260.1B
Long-Term Debt	$29.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$20M
Other Non-Current Liabilities	$44.1B
TOTAL NON-CURRENT LIABILITIES	$73.7B
TOTAL LIABILITIES	$333.8B
Common Stock	$5.7B
Additional Paid-In Capital	$54M
Retained Earnings	$8.9B
Treasury Stock	$0
Accum. Other Comp. Income	$382M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.8B
Minority Interest	$137M
TOTAL EQUITY	$15.9B
TOTAL LIABILITIES & EQUITY	$349.7B
Total Debt	$40.2B
Net Debt	$31.8B