CNA Q4 2016 Earnings Report — CNA Financial Corporation Revenue & Financial Results | Market Cap Arena

CNA Financial CorporationCNA

Q4 2016 Earnings

Reported February 15, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q4 2016	Q3 2016	Q4 2015	QoQ Change	YoY Change
Revenue	$2.4B	$2.4B	—	-1.8%	—
Op. Income	$317M	$475M	—	-33.3%	—
Gross Margin	31.3%	37.7%	—	-6.4pp	—
Net Margin	10.1%	14.1%	—	-4.0pp	—
EPS (Diluted)	$0.89	$1.26	—	-29.4%	—
Free Cash Flow	$244M	$478M	—	-49.0%	—

Revenue Flow

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$747M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$430M
Operating Expenses	$430M
Cost & Expenses	$2.1B
OPERATING INCOME	$317M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$317M
Income Tax Expense	$76M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$20M
EBIT	$357M
EBITDA	$377M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.4B
Cost of Revenue	$1.6B
GROSS PROFIT	$747M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$0
Other Expenses	$430M
Operating Expenses	$430M
Cost & Expenses	$2.1B
OPERATING INCOME	$317M
Interest Income	$0
Interest Expense	$40M
Other Income/Expenses	$0
INCOME BEFORE TAX	$317M
Income Tax Expense	$76M
Net Income from Continuing Ops	$241M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$241M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$241M
D&A	$20M
EBIT	$357M
EBITDA	$377M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$241M
Depreciation & Amortization	$20M
Stock-Based Compensation	$36M
Deferred Income Tax	$24M
Other Non-Cash Items	-$28M
Change in Working Capital	$99M
OPERATING CASH FLOW	$296M
Capital Expenditure	-$52M
Acquisitions (Net)	$60M
Purchases of Investments	-$2.4B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	$38M
NET CASH FROM INVESTING	-$242M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	-$67M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$68M
FREE CASH FLOW	$244M
Net Change in Cash	-$19M

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	$0
Deferred Tax Liabilities	$0
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