CNOB FY 2015 Earnings Report — ConnectOne Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

ConnectOne Bancorp, Inc.CNOB

FY 2015 Earnings

Reported March 4, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$150M	—	$102M	—	47.4%
Op. Income	$61M	—	$27M	—	123.4%
Gross Margin	75.7%	—	80.8%	—	-5.1pp
Net Margin	27.6%	—	18.3%	—	9.3pp
EPS (Diluted)	$1.36	—	$0.79	—	72.2%
Free Cash Flow	$42M	—	$23M	—	82.5%

Revenue Flow

Item	Amount
REVENUE	$150M
Cost of Revenue	$36M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$847.0K
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$18M
Operating Expenses	$52M
Cost & Expenses	$89M
OPERATING INCOME	$61M
Interest Income	$140M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$61M
Income Tax Expense	$20M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$3M
EBIT	$61M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$150M
Cost of Revenue	$36M
GROSS PROFIT	$113M
R&D Expenses	$0
Selling & Marketing	$847.0K
General & Administrative	$33M
SG&A Expenses	$34M
Other Expenses	$18M
Operating Expenses	$52M
Cost & Expenses	$89M
OPERATING INCOME	$61M
Interest Income	$140M
Interest Expense	$24M
Other Income/Expenses	$0
INCOME BEFORE TAX	$61M
Income Tax Expense	$20M
Net Income from Continuing Ops	$41M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$41M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$41M
D&A	$3M
EBIT	$61M
EBITDA	$64M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$41M
Depreciation & Amortization	$3M
Stock-Based Compensation	$747.0K
Deferred Income Tax	-$3M
Other Non-Cash Items	$5M
Change in Working Capital	-$824.0K
OPERATING CASH FLOW	$46M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$55M
Sales/Maturities of Investments	$145M
Other Investing Activities	-$591M
NET CASH FROM INVESTING	-$505M
Net Debt Issuance	$242M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$298M
NET CASH FROM FINANCING	$532M
FREE CASH FLOW	$42M
Net Change in Cash	$74M

Balance Sheet

Item	Amount
Cash & Equivalents	$201M
Short-Term Investments	$196M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$409M
PP&E (Net)	$22M
Goodwill	$146M
Intangible Assets	$4M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$138M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$4.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$2.8B
TOTAL CURRENT LIABILITIES	$2.8B
Long-Term Debt	$726M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$22M
TOTAL NON-CURRENT LIABILITIES	$748M
TOTAL LIABILITIES	$3.5B
Common Stock	$374M
Additional Paid-In Capital	$9M
Retained Earnings	$105M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$5M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$477M
Minority Interest	$0
TOTAL EQUITY	$477M
TOTAL LIABILITIES & EQUITY	$4.0B
Total Debt	$727M
Net Debt	$526M