CNOB FY 2016 Earnings Report — ConnectOne Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

ConnectOne Bancorp, Inc.CNOB

FY 2016 Earnings

Reported March 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$171M	—	$150M	—	14.2%
Op. Income	$43M	—	$61M	—	-30.0%
Gross Margin	59.2%	—	75.7%	—	-16.5pp
Net Margin	18.2%	—	27.6%	—	-9.4pp
EPS (Diluted)	$1.01	—	$1.36	—	-25.7%
Free Cash Flow	$47M	—	$42M	—	11.0%

Revenue Flow

Item	Amount
REVENUE	$171M
Cost of Revenue	$70M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$38M
SG&A Expenses	$39M
Other Expenses	$20M
Operating Expenses	$59M
Cost & Expenses	$128M
OPERATING INCOME	$43M
Interest Income	$160M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$43M
EBITDA	$46M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$171M
Cost of Revenue	$70M
GROSS PROFIT	$101M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$38M
SG&A Expenses	$39M
Other Expenses	$20M
Operating Expenses	$59M
Cost & Expenses	$128M
OPERATING INCOME	$43M
Interest Income	$160M
Interest Expense	$31M
Other Income/Expenses	$0
INCOME BEFORE TAX	$43M
Income Tax Expense	$12M
Net Income from Continuing Ops	$31M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$31M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$31M
D&A	$4M
EBIT	$43M
EBITDA	$46M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$31M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$2M
Other Non-Cash Items	$28M
Change in Working Capital	-$17M
OPERATING CASH FLOW	$50M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$167M
Sales/Maturities of Investments	$238M
Other Investing Activities	-$496M
NET CASH FROM INVESTING	-$428M
Net Debt Issuance	-$195M
Common Stock Repurchased	$0
Common Dividends Paid	-$9M
Other Financing Activities	$554M
NET CASH FROM FINANCING	$377M
FREE CASH FLOW	$47M
Net Change in Cash	-$496.0K

Balance Sheet

Item	Amount
Cash & Equivalents	$200M
Short-Term Investments	$353M
Net Receivables	$13M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$567M
PP&E (Net)	$22M
Goodwill	$146M
Intangible Assets	$3M
Long-Term Investments	$3.5B
Tax Assets	$0
Other Non-Current Assets	$161M
TOTAL NON-CURRENT ASSETS	$3.9B
TOTAL ASSETS	$4.4B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.3B
Long-Term Debt	$531M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$20M
TOTAL NON-CURRENT LIABILITIES	$551M
TOTAL LIABILITIES	$3.9B
Common Stock	$413M
Additional Paid-In Capital	$11M
Retained Earnings	$126M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$531M
Minority Interest	$0
TOTAL EQUITY	$531M
TOTAL LIABILITIES & EQUITY	$4.4B
Total Debt	$531M
Net Debt	$330M