CNF FY 2018 Earnings Report — CNFinance Holdings Limited Revenue & Financial Results | Market Cap Arena

CNFinance Holdings LimitedCNF

FY 2018 Earnings

Reported April 25, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$626M	—	$499M	—	25.3%
Op. Income	$169M	—	$118M	—	43.2%
Gross Margin	44.5%	—	49.8%	—	-5.3pp
Net Margin	20.1%	—	15.6%	—	4.5pp
EPS (Diluted)	$36.24	—	$23.38	—	55.0%
Free Cash Flow	$193M	—	$185M	—	4.0%

Revenue Flow

Item	Amount
REVENUE	$626M
Cost of Revenue	$347M
GROSS PROFIT	$278M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$85M
SG&A Expenses	$87M
Other Expenses	$22M
Operating Expenses	$109M
Cost & Expenses	$457M
OPERATING INCOME	$169M
Interest Income	$627M
Interest Expense	$284M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$43M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$2M
EBIT	$169M
EBITDA	$171M
EPS	$40
EPS Diluted	$36

Income Statement

Item	Amount
REVENUE	$626M
Cost of Revenue	$347M
GROSS PROFIT	$278M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$85M
SG&A Expenses	$87M
Other Expenses	$22M
Operating Expenses	$109M
Cost & Expenses	$457M
OPERATING INCOME	$169M
Interest Income	$627M
Interest Expense	$284M
Other Income/Expenses	$0
INCOME BEFORE TAX	$169M
Income Tax Expense	$43M
Net Income from Continuing Ops	$126M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$126M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$126M
D&A	$2M
EBIT	$169M
EBITDA	$171M
EPS	$40
EPS Diluted	$36

Cash Flow Statement

Item	Amount
Net Income	$126M
Depreciation & Amortization	$2M
Stock-Based Compensation	$6M
Deferred Income Tax	-$15M
Other Non-Cash Items	$66M
Change in Working Capital	$11M
OPERATING CASH FLOW	$195M
Capital Expenditure	-$2M
Acquisitions (Net)	$4M
Purchases of Investments	-$104M
Sales/Maturities of Investments	$57M
Other Investing Activities	$138M
NET CASH FROM INVESTING	$94M
Net Debt Issuance	-$46M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	-$372.4K
FREE CASH FLOW	$193M
Net Change in Cash	$288M

Balance Sheet

Item	Amount
Cash & Equivalents	$488M
Short-Term Investments	$100M
Net Receivables	$7M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$595M
PP&E (Net)	$3M
Goodwill	$0
Intangible Assets	$610.2K
Long-Term Investments	$2.2B
Tax Assets	$32M
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$2.2B
TOTAL ASSETS	$2.8B
Account Payables	$0
Short-Term Debt	$616M
Deferred Revenue	$0
Other Current Liabilities	$11M
TOTAL CURRENT LIABILITIES	$629M
Long-Term Debt	$1.6B
Deferred Revenue NC	$6M
Deferred Tax Liabilities	$190.8K
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$2.4B
Common Stock	$134.0K
Additional Paid-In Capital	$135M
Retained Earnings	$311M
Treasury Stock	$0
Accum. Other Comp. Income	-$667.2K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$445M
Minority Interest	$0
TOTAL EQUITY	$445M
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$2.2B
Net Debt	$1.8B