CM Q2 2017 Earnings Report — Canadian Imperial Bank of Commerce Revenue & Financial Results | Market Cap Arena

Canadian Imperial Bank of CommerceCM

Q2 2017 Earnings

Reported April 30, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2017	Q1 2017	Q2 2016	QoQ Change	YoY Change
Revenue	$3.5B	$3.6B	$3.3B	-4.1%	6.2%
Op. Income	$910M	$1.3B	$779M	-27.8%	16.8%
Gross Margin	73.8%	74.4%	72.4%	-0.7pp	1.3pp
Net Margin	22.1%	28.4%	21.0%	-6.3pp	1.1pp
EPS (Diluted)	$0.95	$1.28	$0.86	-25.7%	10.2%
Free Cash Flow	$2.0B	-$2.8B	-$578M	172.8%	450.0%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$908M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$46M
General & Administrative	$914M
SG&A Expenses	$960M
Other Expenses	$685M
Operating Expenses	$1.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$910M
Interest Income	$2.3B
Interest Expense	$778M
Other Income/Expenses	$0
INCOME BEFORE TAX	$910M
Income Tax Expense	$142M
Net Income from Continuing Ops	$768M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$93M
EBIT	$910M
EBITDA	$1.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$908M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$46M
General & Administrative	$914M
SG&A Expenses	$960M
Other Expenses	$685M
Operating Expenses	$1.6B
Cost & Expenses	$2.6B
OPERATING INCOME	$910M
Interest Income	$2.3B
Interest Expense	$778M
Other Income/Expenses	$0
INCOME BEFORE TAX	$910M
Income Tax Expense	$142M
Net Income from Continuing Ops	$768M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$764M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$757M
D&A	$93M
EBIT	$910M
EBITDA	$1.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$764M
Depreciation & Amortization	$93M
Stock-Based Compensation	$731.4K
Deferred Income Tax	-$132M
Other Non-Cash Items	$68M
Change in Working Capital	$1.3B
OPERATING CASH FLOW	$2.1B
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	-$8.7B
Sales/Maturities of Investments	$7.2B
Other Investing Activities	$0
NET CASH FROM INVESTING	-$1.6B
Net Debt Issuance	-$15M
Common Stock Repurchased	-$6M
Common Dividends Paid	-$239M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$231M
FREE CASH FLOW	$2.0B
Net Change in Cash	$315M

Balance Sheet

Item	Amount
Cash & Equivalents	$10.5B
Short-Term Investments	$26.1B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$36.6B
PP&E (Net)	$1.3B
Goodwill	$1.1B
Intangible Assets	$1.1B
Long-Term Investments	$256.0B
Tax Assets	$514M
Other Non-Current Assets	$91.1B
TOTAL NON-CURRENT ASSETS	$350.0B
TOTAL ASSETS	$386.6B
Account Payables	$0
Short-Term Debt	$17.7B
Deferred Revenue	$0
Other Current Liabilities	$284.1B
TOTAL CURRENT LIABILITIES	$301.8B
Long-Term Debt	$30.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$15M
Other Non-Current Liabilities	$35.8B
TOTAL NON-CURRENT LIABILITIES	$65.9B
TOTAL LIABILITIES	$367.7B
Common Stock	$6.2B
Additional Paid-In Capital	$48M
Retained Earnings	$11.0B
Treasury Stock	$0
Accum. Other Comp. Income	$792M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$18.8B
Minority Interest	$152M
TOTAL EQUITY	$18.9B
TOTAL LIABILITIES & EQUITY	$386.6B
Total Debt	$47.7B
Net Debt	$37.2B