CPF FY 2006 Earnings Report — Central Pacific Financial Corp. Revenue & Financial Results | Market Cap Arena

Central Pacific Financial Corp.CPF

FY 2006 Earnings

Reported March 1, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2006	Prior Q	FY 2005	QoQ Change	YoY Change
Revenue	$364M	—	—	—	—
Op. Income	$120M	—	—	—	—
Gross Margin	69.5%	—	—	—	—
Net Margin	21.8%	—	—	—	—
EPS (Diluted)	$37.26	—	—	—	—
Free Cash Flow	$106M	—	—	—	—

Revenue Flow

Item	Amount
REVENUE	$364M
Cost of Revenue	$111M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$73M
SG&A Expenses	$76M
Other Expenses	$56M
Operating Expenses	$132M
Cost & Expenses	$243M
OPERATING INCOME	$120M
Interest Income	$320M
Interest Expense	$110M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$41M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$15M
EBIT	$120M
EBITDA	$136M
EPS	$38
EPS Diluted	$37

Income Statement

Item	Amount
REVENUE	$364M
Cost of Revenue	$111M
GROSS PROFIT	$253M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$73M
SG&A Expenses	$76M
Other Expenses	$56M
Operating Expenses	$132M
Cost & Expenses	$243M
OPERATING INCOME	$120M
Interest Income	$320M
Interest Expense	$110M
Other Income/Expenses	$0
INCOME BEFORE TAX	$120M
Income Tax Expense	$41M
Net Income from Continuing Ops	$79M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$79M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$79M
D&A	$15M
EBIT	$120M
EBITDA	$136M
EPS	$38
EPS Diluted	$37

Cash Flow Statement

Item	Amount
Net Income	$79M
Depreciation & Amortization	$15M
Stock-Based Compensation	$0
Deferred Income Tax	-$3M
Other Non-Cash Items	-$12M
Change in Working Capital	$39M
OPERATING CASH FLOW	$118M
Capital Expenditure	-$11M
Acquisitions (Net)	-$975.0K
Purchases of Investments	-$833M
Sales/Maturities of Investments	$856M
Other Investing Activities	-$326M
NET CASH FROM INVESTING	-$316M
Net Debt Issuance	-$11M
Common Stock Repurchased	$0
Common Dividends Paid	-$27M
Other Financing Activities	$203M
NET CASH FROM FINANCING	$169M
FREE CASH FLOW	$106M
Net Change in Cash	-$29M

Balance Sheet

Item	Amount
Cash & Equivalents	$136M
Short-Term Investments	$0
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$162M
PP&E (Net)	$77M
Goodwill	$298M
Intangible Assets	$12M
Long-Term Investments	$4.7B
Tax Assets	$0
Other Non-Current Assets	$207M
TOTAL NON-CURRENT ASSETS	$5.3B
TOTAL ASSETS	$5.5B
Account Payables	$0
Short-Term Debt	$79M
Deferred Revenue	$0
Other Current Liabilities	$3.8B
TOTAL CURRENT LIABILITIES	$3.9B
Long-Term Debt	$740M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$72M
TOTAL NON-CURRENT LIABILITIES	$812M
TOTAL LIABILITIES	$4.7B
Common Stock	$0
Additional Paid-In Capital	$483M
Retained Earnings	$271M
Treasury Stock	$0
Accum. Other Comp. Income	-$15M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$738M
Minority Interest	$13M
TOTAL EQUITY	$751M
TOTAL LIABILITIES & EQUITY	$5.5B
Total Debt	$819M
Net Debt	$684M