CNA FY 2016 Earnings Report — CNA Financial Corporation Revenue & Financial Results | Market Cap Arena

CNA Financial CorporationCNA

FY 2016 Earnings

Reported February 15, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$9.4B	—	$9.1B	—	2.9%
Op. Income	$1.1B	—	$549M	—	107.1%
Gross Margin	30.4%	—	23.9%	—	6.5pp
Net Margin	9.2%	—	5.3%	—	3.9pp
EPS (Diluted)	$3.17	—	$1.77	—	79.1%
Free Cash Flow	$1.3B	—	$1.3B	—	0.6%

Revenue Flow

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.5B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$8.2B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$159M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$278M
Net Income from Continuing Ops	$859M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$859M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$859M
D&A	$77M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$9.4B
Cost of Revenue	$6.5B
GROSS PROFIT	$2.8B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$1.7B
Operating Expenses	$1.7B
Cost & Expenses	$8.2B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$159M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.1B
Income Tax Expense	$278M
Net Income from Continuing Ops	$859M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$859M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$859M
D&A	$77M
EBIT	$1.3B
EBITDA	$1.4B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$859M
Depreciation & Amortization	$77M
Stock-Based Compensation	$36M
Deferred Income Tax	$136M
Other Non-Cash Items	$2M
Change in Working Capital	$163M
OPERATING CASH FLOW	$1.4B
Capital Expenditure	-$146M
Acquisitions (Net)	$38M
Purchases of Investments	-$9.8B
Sales/Maturities of Investments	$8.9B
Other Investing Activities	$196M
NET CASH FROM INVESTING	-$846M
Net Debt Issuance	$140M
Common Stock Repurchased	$0
Common Dividends Paid	-$813M
Other Financing Activities	$0
NET CASH FROM FINANCING	-$673M
FREE CASH FLOW	$1.3B
Net Change in Cash	-$116M

Balance Sheet

Item	Amount
Cash & Equivalents	$271M
Short-Term Investments	$1.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.9B
PP&E (Net)	$310M
Goodwill	$145M
Intangible Assets	$69M
Long-Term Investments	$44.8B
Tax Assets	$379M
Other Non-Current Assets	$5.7B
TOTAL NON-CURRENT ASSETS	$51.3B
TOTAL ASSETS	$55.2B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$17.9B
TOTAL CURRENT LIABILITIES	$40.6B
Long-Term Debt	$2.7B
Deferred Revenue NC	-$4.7B
Deferred Tax Liabilities	$572M
Other Non-Current Liabilities	$40.5B
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$43.3B
Common Stock	$683M
Additional Paid-In Capital	$2.2B
Retained Earnings	$9.4B
Treasury Stock	-$73M
Accum. Other Comp. Income	-$173M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$12.0B
Minority Interest	$0
TOTAL EQUITY	$12.0B
TOTAL LIABILITIES & EQUITY	$55.2B
Total Debt	$2.7B
Net Debt	$2.4B