CPF FY 2011 Earnings Report — Central Pacific Financial Corp. Revenue & Financial Results | Market Cap Arena

Central Pacific Financial Corp.CPF

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$193M	—	$210M	—	-7.9%
Op. Income	$37M	—	-$251M	—	114.6%
Gross Margin	111.4%	—	3.8%	—	107.6pp
Net Margin	18.9%	—	-119.7%	—	138.7pp
EPS (Diluted)	$3.31	—	$-124.11	—	102.7%
Free Cash Flow	$22M	—	$219M	—	-89.8%

Revenue Flow

Item	Amount
REVENUE	$193M
Cost of Revenue	-$22M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$71M
SG&A Expenses	$74M
Other Expenses	$105M
Operating Expenses	$178M
Cost & Expenses	$156M
OPERATING INCOME	$37M
Interest Income	$136M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$0
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$14M
EBIT	$37M
EBITDA	$50M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$193M
Cost of Revenue	-$22M
GROSS PROFIT	$215M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$71M
SG&A Expenses	$74M
Other Expenses	$105M
Operating Expenses	$178M
Cost & Expenses	$156M
OPERATING INCOME	$37M
Interest Income	$136M
Interest Expense	$19M
Other Income/Expenses	$0
INCOME BEFORE TAX	$37M
Income Tax Expense	$0
Net Income from Continuing Ops	$37M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$37M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$120M
D&A	$14M
EBIT	$37M
EBITDA	$50M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$14M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$31M
Change in Working Capital	$800.0K
OPERATING CASH FLOW	$23M
Capital Expenditure	-$747.0K
Acquisitions (Net)	$0
Purchases of Investments	-$1.3B
Sales/Maturities of Investments	$541M
Other Investing Activities	$89M
NET CASH FROM INVESTING	-$687M
Net Debt Issuance	-$504M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$311M
NET CASH FROM FINANCING	$130M
FREE CASH FLOW	$22M
Net Change in Cash	-$534M

Balance Sheet

Item	Amount
Cash & Equivalents	$257M
Short-Term Investments	$1.5B
Net Receivables	$12M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.8B
PP&E (Net)	$51M
Goodwill	$0
Intangible Assets	$42M
Long-Term Investments	$2.0B
Tax Assets	$0
Other Non-Current Assets	$271M
TOTAL NON-CURRENT ASSETS	$2.4B
TOTAL ASSETS	$4.1B
Account Payables	$0
Short-Term Debt	$34.0K
Deferred Revenue	$0
Other Current Liabilities	$3.4B
TOTAL CURRENT LIABILITIES	$3.4B
Long-Term Debt	$158M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$65M
TOTAL NON-CURRENT LIABILITIES	$223M
TOTAL LIABILITIES	$3.7B
Common Stock	$785M
Additional Paid-In Capital	$67M
Retained Earnings	-$397M
Treasury Stock	$0
Accum. Other Comp. Income	$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$456M
Minority Interest	$10M
TOTAL EQUITY	$466M
TOTAL LIABILITIES & EQUITY	$4.1B
Total Debt	$158M
Net Debt	-$99M