CNOB FY 2017 Earnings Report — ConnectOne Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

ConnectOne Bancorp, Inc.CNOB

FY 2017 Earnings

Reported March 6, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$190M	—	$171M	—	10.7%
Op. Income	$69M	—	$43M	—	59.9%
Gross Margin	77.7%	—	59.2%	—	18.5pp
Net Margin	22.8%	—	18.2%	—	4.6pp
EPS (Diluted)	$1.34	—	$1.01	—	32.7%
Free Cash Flow	$128M	—	$47M	—	173.3%

Revenue Flow

Item	Amount
REVENUE	$190M
Cost of Revenue	$42M
GROSS PROFIT	$147M
R&D Expenses	$0
Selling & Marketing	$996.0K
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$35M
Operating Expenses	$79M
Cost & Expenses	$121M
OPERATING INCOME	$69M
Interest Income	$180M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$25M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$4M
EBIT	$69M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$190M
Cost of Revenue	$42M
GROSS PROFIT	$147M
R&D Expenses	$0
Selling & Marketing	$996.0K
General & Administrative	$43M
SG&A Expenses	$44M
Other Expenses	$35M
Operating Expenses	$79M
Cost & Expenses	$121M
OPERATING INCOME	$69M
Interest Income	$180M
Interest Expense	$36M
Other Income/Expenses	$0
INCOME BEFORE TAX	$69M
Income Tax Expense	$25M
Net Income from Continuing Ops	$43M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$43M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$43M
D&A	$4M
EBIT	$69M
EBITDA	$72M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$43M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$4M
Other Non-Cash Items	$72M
Change in Working Capital	$7M
OPERATING CASH FLOW	$131M
Capital Expenditure	-$3M
Acquisitions (Net)	$0
Purchases of Investments	-$225M
Sales/Maturities of Investments	$139M
Other Investing Activities	-$729M
NET CASH FROM INVESTING	-$818M
Net Debt Issuance	$209M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$436M
NET CASH FROM FINANCING	$636M
FREE CASH FLOW	$128M
Net Change in Cash	-$51M

Balance Sheet

Item	Amount
Cash & Equivalents	$150M
Short-Term Investments	$435M
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$600M
PP&E (Net)	$22M
Goodwill	$146M
Intangible Assets	$2M
Long-Term Investments	$4.2B
Tax Assets	$0
Other Non-Current Assets	$174M
TOTAL NON-CURRENT ASSETS	$4.5B
TOTAL ASSETS	$5.1B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$725M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$23M
TOTAL NON-CURRENT LIABILITIES	$748M
TOTAL LIABILITIES	$4.5B
Common Stock	$413M
Additional Paid-In Capital	$14M
Retained Earnings	$160M
Treasury Stock	-$17M
Accum. Other Comp. Income	-$4M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$565M
Minority Interest	$0
TOTAL EQUITY	$565M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$725M
Net Debt	$575M