CPF FY 2015 Earnings Report — Central Pacific Financial Corp. Revenue & Financial Results | Market Cap Arena

Central Pacific Financial Corp.CPF

FY 2015 Earnings

Reported February 25, 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	$190M	—	$190M	—	-0.1%
Op. Income	$73M	—	$61M	—	19.9%
Gross Margin	104.8%	—	100.0%	—	4.8pp
Net Margin	24.1%	—	21.2%	—	2.9pp
EPS (Diluted)	$1.40	—	$1.07	—	30.8%
Free Cash Flow	$69M	—	$65M	—	5.0%

Revenue Flow

Item	Amount
REVENUE	$190M
Cost of Revenue	-$9M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$79M
SG&A Expenses	$81M
Other Expenses	$45M
Operating Expenses	$126M
Cost & Expenses	$117M
OPERATING INCOME	$73M
Interest Income	$156M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$27M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$13M
EBIT	$73M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$190M
Cost of Revenue	-$9M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$79M
SG&A Expenses	$81M
Other Expenses	$45M
Operating Expenses	$126M
Cost & Expenses	$117M
OPERATING INCOME	$73M
Interest Income	$156M
Interest Expense	$7M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$27M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$13M
EBIT	$73M
EBITDA	$86M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$13M
Stock-Based Compensation	$3M
Deferred Income Tax	$26M
Other Non-Cash Items	-$8M
Change in Working Capital	-$5M
OPERATING CASH FLOW	$75M
Capital Expenditure	-$6M
Acquisitions (Net)	$0
Purchases of Investments	-$382M
Sales/Maturities of Investments	$310M
Other Investing Activities	-$237M
NET CASH FROM INVESTING	-$315M
Net Debt Issuance	$31M
Common Stock Repurchased	-$94M
Common Dividends Paid	-$26M
Other Financing Activities	$323M
NET CASH FROM FINANCING	$235M
FREE CASH FLOW	$69M
Net Change in Cash	-$6M

Balance Sheet

Item	Amount
Cash & Equivalents	$80M
Short-Term Investments	$1.3B
Net Receivables	$15M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$49M
Goodwill	$0
Intangible Assets	$25M
Long-Term Investments	$3.4B
Tax Assets	$0
Other Non-Current Assets	$273M
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$5.1B
Account Payables	$0
Short-Term Debt	$69M
Deferred Revenue	$0
Other Current Liabilities	$4.4B
TOTAL CURRENT LIABILITIES	$4.5B
Long-Term Debt	$93M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$41M
TOTAL NON-CURRENT LIABILITIES	$134M
TOTAL LIABILITIES	$4.6B
Common Stock	$549M
Additional Paid-In Capital	$83M
Retained Earnings	-$137M
Treasury Stock	$0
Accum. Other Comp. Income	$203.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$495M
Minority Interest	$25.0K
TOTAL EQUITY	$495M
TOTAL LIABILITIES & EQUITY	$5.1B
Total Debt	$162M
Net Debt	$82M