CNOB FY 2014 Earnings Report — ConnectOne Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

ConnectOne Bancorp, Inc.CNOB

FY 2014 Earnings

Reported March 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$102M	—	$64M	—	58.6%
Op. Income	$27M	—	$27M	—	0.0%
Gross Margin	80.8%	—	82.2%	—	-1.3pp
Net Margin	18.3%	—	31.1%	—	-12.8pp
EPS (Diluted)	$0.79	—	$1.21	—	-34.7%
Free Cash Flow	$23M	—	$22M	—	4.6%

Revenue Flow

Item	Amount
REVENUE	$102M
Cost of Revenue	$19M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$498.0K
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$31M
Operating Expenses	$55M
Cost & Expenses	$74M
OPERATING INCOME	$27M
Interest Income	$94M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$27M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$102M
Cost of Revenue	$19M
GROSS PROFIT	$82M
R&D Expenses	$0
Selling & Marketing	$498.0K
General & Administrative	$23M
SG&A Expenses	$24M
Other Expenses	$31M
Operating Expenses	$55M
Cost & Expenses	$74M
OPERATING INCOME	$27M
Interest Income	$94M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$27M
Income Tax Expense	$9M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$2M
EBIT	$27M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$2M
Stock-Based Compensation	$223.0K
Deferred Income Tax	$184.0K
Other Non-Cash Items	$2M
Change in Working Capital	$2M
OPERATING CASH FLOW	$25M
Capital Expenditure	-$2M
Acquisitions (Net)	$70M
Purchases of Investments	-$59M
Sales/Maturities of Investments	$125M
Other Investing Activities	-$274M
NET CASH FROM INVESTING	-$140M
Net Debt Issuance	$82M
Common Stock Repurchased	$0
Common Dividends Paid	-$7M
Other Financing Activities	$84M
NET CASH FROM FINANCING	$159M
FREE CASH FLOW	$23M
Net Change in Cash	$44M

Balance Sheet

Item	Amount
Cash & Equivalents	$127M
Short-Term Investments	$290M
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$428M
PP&E (Net)	$21M
Goodwill	$146M
Intangible Assets	$5M
Long-Term Investments	$2.7B
Tax Assets	$0
Other Non-Current Assets	$100M
TOTAL NON-CURRENT ASSETS	$3.0B
TOTAL ASSETS	$3.4B
Account Payables	$0
Short-Term Debt	$31M
Deferred Revenue	$0
Other Current Liabilities	$2.5B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$501M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$5M
TOTAL NON-CURRENT LIABILITIES	$496M
TOTAL LIABILITIES	$3.0B
Common Stock	$374M
Additional Paid-In Capital	$6M
Retained Earnings	$72M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$1M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$446M
Minority Interest	$0
TOTAL EQUITY	$446M
TOTAL LIABILITIES & EQUITY	$3.4B
Total Debt	$532M
Net Debt	$405M