CNOB FY 2011 Earnings Report — ConnectOne Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

ConnectOne Bancorp, Inc.CNOB

FY 2011 Earnings

Reported March 13, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$59M	—	$51M	—	16.1%
Op. Income	$21M	—	$7M	—	195.3%
Gross Margin	75.4%	—	61.2%	—	14.2pp
Net Margin	23.4%	—	13.7%	—	9.8pp
EPS (Diluted)	$0.80	—	$0.43	—	86.0%
Free Cash Flow	$18M	—	$17M	—	2.4%

Revenue Flow

Item	Amount
REVENUE	$59M
Cost of Revenue	$15M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$131.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$8M
Operating Expenses	$23M
Cost & Expenses	$38M
OPERATING INCOME	$21M
Interest Income	$51M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$983.0K
EBIT	$21M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$59M
Cost of Revenue	$15M
GROSS PROFIT	$45M
R&D Expenses	$0
Selling & Marketing	$131.0K
General & Administrative	$15M
SG&A Expenses	$15M
Other Expenses	$8M
Operating Expenses	$23M
Cost & Expenses	$38M
OPERATING INCOME	$21M
Interest Income	$51M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$21M
Income Tax Expense	$7M
Net Income from Continuing Ops	$14M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$14M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$13M
D&A	$983.0K
EBIT	$21M
EBITDA	$22M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$14M
Depreciation & Amortization	$983.0K
Stock-Based Compensation	$35.0K
Deferred Income Tax	$3M
Other Non-Cash Items	$1M
Change in Working Capital	-$1M
OPERATING CASH FLOW	$18M
Capital Expenditure	-$316.0K
Acquisitions (Net)	$0
Purchases of Investments	-$414M
Sales/Maturities of Investments	$311M
Other Investing Activities	-$49M
NET CASH FROM INVESTING	-$153M
Net Debt Issuance	-$52M
Common Stock Repurchased	-$10M
Common Dividends Paid	-$2M
Other Financing Activities	$261M
NET CASH FROM FINANCING	$208M
FREE CASH FLOW	$18M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$111M
Short-Term Investments	$415M
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$534M
PP&E (Net)	$12M
Goodwill	$17M
Intangible Assets	$0
Long-Term Investments	$819M
Tax Assets	$0
Other Non-Current Assets	$51M
TOTAL NON-CURRENT ASSETS	$899M
TOTAL ASSETS	$1.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$1.1B
TOTAL CURRENT LIABILITIES	$1.1B
Long-Term Debt	$166M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$9M
TOTAL NON-CURRENT LIABILITIES	$175M
TOTAL LIABILITIES	$1.3B
Common Stock	$110M
Additional Paid-In Capital	$5M
Retained Earnings	$33M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$136M
Minority Interest	$0
TOTAL EQUITY	$136M
TOTAL LIABILITIES & EQUITY	$1.4B
Total Debt	$166M
Net Debt	$55M