CPF FY 2016 Earnings Report — Central Pacific Financial Corp. Revenue & Financial Results | Market Cap Arena

Central Pacific Financial Corp.CPF

FY 2016 Earnings

Reported March 1, 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	$201M	—	$190M	—	5.6%
Op. Income	$73M	—	$73M	—	0.4%
Gross Margin	99.0%	—	104.8%	—	-5.9pp
Net Margin	23.4%	—	24.1%	—	-0.7pp
EPS (Diluted)	$1.50	—	$1.40	—	7.1%
Free Cash Flow	$71M	—	$69M	—	2.8%

Revenue Flow

Item	Amount
REVENUE	$201M
Cost of Revenue	$2M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$32M
Operating Expenses	$126M
Cost & Expenses	$128M
OPERATING INCOME	$73M
Interest Income	$167M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$26M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$14M
EBIT	$73M
EBITDA	$87M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$201M
Cost of Revenue	$2M
GROSS PROFIT	$199M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$90M
SG&A Expenses	$93M
Other Expenses	$32M
Operating Expenses	$126M
Cost & Expenses	$128M
OPERATING INCOME	$73M
Interest Income	$167M
Interest Expense	$9M
Other Income/Expenses	$0
INCOME BEFORE TAX	$73M
Income Tax Expense	$26M
Net Income from Continuing Ops	$47M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$47M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$47M
D&A	$14M
EBIT	$73M
EBITDA	$87M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$47M
Depreciation & Amortization	$14M
Stock-Based Compensation	$1M
Deferred Income Tax	$24M
Other Non-Cash Items	-$15M
Change in Working Capital	$5M
OPERATING CASH FLOW	$76M
Capital Expenditure	-$6M
Acquisitions (Net)	-$5.0K
Purchases of Investments	-$197M
Sales/Maturities of Investments	$235M
Other Investing Activities	-$310M
NET CASH FROM INVESTING	-$277M
Net Debt Issuance	$66M
Common Stock Repurchased	-$18M
Common Dividends Paid	-$19M
Other Financing Activities	$175M
NET CASH FROM FINANCING	$205M
FREE CASH FLOW	$71M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$1.2B
Net Receivables	$16M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$48M
Goodwill	$0
Intangible Assets	$20M
Long-Term Investments	$3.7B
Tax Assets	$0
Other Non-Current Assets	$247M
TOTAL NON-CURRENT ASSETS	$4.0B
TOTAL ASSETS	$5.4B
Account Payables	$0
Short-Term Debt	$135M
Deferred Revenue	$0
Other Current Liabilities	$4.6B
TOTAL CURRENT LIABILITIES	$4.7B
Long-Term Debt	$93M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$44M
TOTAL NON-CURRENT LIABILITIES	$136M
TOTAL LIABILITIES	$4.9B
Common Stock	$531M
Additional Paid-In Capital	$84M
Retained Earnings	-$109M
Treasury Stock	$0
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$505M
Minority Interest	$25.0K
TOTAL EQUITY	$505M
TOTAL LIABILITIES & EQUITY	$5.4B
Total Debt	$228M
Net Debt	$143M