CNA FY 2015 Earnings Report — CNA Financial Corporation Revenue & Financial Results | Market Cap Arena

CNA Financial CorporationCNA

FY 2015 Earnings

Reported February 17, 2016

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	$9.1B	—	$9.7B	—	-6.1%
Op. Income	$549M	—	$1.2B	—	-54.5%
Gross Margin	23.9%	—	28.7%	—	-4.8pp
Net Margin	5.3%	—	7.1%	—	-1.9pp
EPS (Diluted)	$1.77	—	$2.55	—	-30.6%
Free Cash Flow	$1.3B	—	$1.4B	—	-7.8%

Revenue Flow

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$8.6B
OPERATING INCOME	$549M
Interest Income	$0
Interest Expense	$155M
Other Income/Expenses	$0
INCOME BEFORE TAX	$549M
Income Tax Expense	$70M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$84M
EBIT	$704M
EBITDA	$788M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$9.1B
Cost of Revenue	$6.9B
GROSS PROFIT	$2.2B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.6B
Operating Expenses	$1.6B
Cost & Expenses	$8.6B
OPERATING INCOME	$549M
Interest Income	$0
Interest Expense	$155M
Other Income/Expenses	$0
INCOME BEFORE TAX	$549M
Income Tax Expense	$70M
Net Income from Continuing Ops	$479M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$479M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$479M
D&A	$84M
EBIT	$704M
EBITDA	$788M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$479M
Depreciation & Amortization	$84M
Stock-Based Compensation	$14M
Deferred Income Tax	-$150M
Other Non-Cash Items	$15M
Change in Working Capital	$680M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$125M
Acquisitions (Net)	-$14M
Purchases of Investments	-$8.7B
Sales/Maturities of Investments	$8.6B
Other Investing Activities	-$76M
NET CASH FROM INVESTING	-$372M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$811M
Other Financing Activities	$4M
NET CASH FROM FINANCING	-$807M
FREE CASH FLOW	$1.3B
Net Change in Cash	$197M

Balance Sheet

Item	Amount
Cash & Equivalents	$387M
Short-Term Investments	$1.7B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$343M
Goodwill	$150M
Intangible Assets	$81M
Long-Term Investments	$44.0B
Tax Assets	$638M
Other Non-Current Assets	$5.7B
TOTAL NON-CURRENT ASSETS	$50.9B
TOTAL ASSETS	$55.0B
Account Payables	$0
Short-Term Debt	$350M
Deferred Revenue	$0
Other Current Liabilities	-$82M
TOTAL CURRENT LIABILITIES	$41.1B
Long-Term Debt	$2.2B
Deferred Revenue NC	-$383M
Deferred Tax Liabilities	$383M
Other Non-Current Liabilities	$40.7B
TOTAL NON-CURRENT LIABILITIES	$2.2B
TOTAL LIABILITIES	$43.3B
Common Stock	$683M
Additional Paid-In Capital	$2.2B
Retained Earnings	$9.3B
Treasury Stock	-$78M
Accum. Other Comp. Income	-$315M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.8B
Minority Interest	$0
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$55.0B
Total Debt	$2.6B
Net Debt	$2.2B