CNA Q2 2016 Earnings Report — CNA Financial Corporation Revenue & Financial Results | Market Cap Arena

CNA Financial CorporationCNA

Q2 2016 Earnings

Reported August 1, 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	$2.3B	$2.2B	—	7.0%	—
Op. Income	$288M	$57M	—	405.3%	—
Gross Margin	30.0%	21.9%	—	8.1pp	—
Net Margin	8.9%	3.0%	—	5.9pp	—
EPS (Diluted)	$0.77	$0.24	—	220.8%	—
Free Cash Flow	$247M	$301M	—	-17.9%	—

Revenue Flow

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$416M
Operating Expenses	$416M
Cost & Expenses	$2.1B
OPERATING INCOME	$288M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$288M
Income Tax Expense	$79M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$18M
EBIT	$326M
EBITDA	$344M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.3B
Cost of Revenue	$1.6B
GROSS PROFIT	$704M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$416M
Operating Expenses	$416M
Cost & Expenses	$2.1B
OPERATING INCOME	$288M
Interest Income	$0
Interest Expense	$38M
Other Income/Expenses	$0
INCOME BEFORE TAX	$288M
Income Tax Expense	$79M
Net Income from Continuing Ops	$209M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$209M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$209M
D&A	$18M
EBIT	$326M
EBITDA	$344M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$209M
Depreciation & Amortization	$18M
Stock-Based Compensation	$0
Deferred Income Tax	$8M
Other Non-Cash Items	$16M
Change in Working Capital	$80M
OPERATING CASH FLOW	$279M
Capital Expenditure	-$32M
Acquisitions (Net)	-$2M
Purchases of Investments	-$2.6B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	$67M
NET CASH FROM INVESTING	-$158M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$68M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$69M
FREE CASH FLOW	$247M
Net Change in Cash	$47M

Balance Sheet

Item	Amount
Cash & Equivalents	$289M
Short-Term Investments	$1.4B
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.0B
PP&E (Net)	$276M
Goodwill	$147M
Intangible Assets	$620M
Long-Term Investments	$45.9B
Tax Assets	$293M
Other Non-Current Assets	$6.2B
TOTAL NON-CURRENT ASSETS	$52.9B
TOTAL ASSETS	$56.9B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$42.3B
Long-Term Debt	$2.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$42.3B
TOTAL NON-CURRENT LIABILITIES	$2.7B
TOTAL LIABILITIES	$45.0B
Common Stock	$683M
Additional Paid-In Capital	$2.2B
Retained Earnings	$8.9B
Treasury Stock	-$73M
Accum. Other Comp. Income	$210M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.9B
Minority Interest	$0
TOTAL EQUITY	$11.9B
TOTAL LIABILITIES & EQUITY	$56.9B
Total Debt	$2.7B
Net Debt	$2.4B