CPF FY 2020 Earnings Report — Central Pacific Financial Corp. Revenue & Financial Results | Market Cap Arena

Central Pacific Financial Corp.CPF

FY 2020 Earnings

Reported February 23, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$258M	—	$258M	—	-0.2%
Op. Income	$49M	—	$78M	—	-37.1%
Gross Margin	77.9%	—	85.0%	—	-7.1pp
Net Margin	14.5%	—	22.6%	—	-8.1pp
EPS (Diluted)	$1.32	—	$2.03	—	-35.0%
Free Cash Flow	$51M	—	$65M	—	-21.8%

Revenue Flow

Item	Amount
REVENUE	$258M
Cost of Revenue	$57M
GROSS PROFIT	$201M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$84M
SG&A Expenses	$88M
Other Expenses	$64M
Operating Expenses	$152M
Cost & Expenses	$209M
OPERATING INCOME	$49M
Interest Income	$212M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$12M
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	$37M
D&A	$12M
EBIT	$49M
EBITDA	$61M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$258M
Cost of Revenue	$57M
GROSS PROFIT	$201M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$84M
SG&A Expenses	$88M
Other Expenses	$64M
Operating Expenses	$152M
Cost & Expenses	$209M
OPERATING INCOME	$49M
Interest Income	$212M
Interest Expense	$15M
Other Income/Expenses	$0
INCOME BEFORE TAX	$49M
Income Tax Expense	$12M
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	$37M
D&A	$12M
EBIT	$49M
EBITDA	$61M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$37M
Depreciation & Amortization	$12M
Stock-Based Compensation	$3M
Deferred Income Tax	-$13M
Other Non-Cash Items	$40M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$77M
Capital Expenditure	-$26M
Acquisitions (Net)	-$8M
Purchases of Investments	-$589M
Sales/Maturities of Investments	$531M
Other Investing Activities	-$504M
NET CASH FROM INVESTING	-$597M
Net Debt Issuance	-$124M
Common Stock Repurchased	-$5M
Common Dividends Paid	-$26M
Other Financing Activities	$676M
NET CASH FROM FINANCING	$521M
FREE CASH FLOW	$51M
Net Change in Cash	$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$104M
Short-Term Investments	$1.2B
Net Receivables	$20M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.3B
PP&E (Net)	$111M
Goodwill	$0
Intangible Assets	$12M
Long-Term Investments	$4.9B
Tax Assets	$0
Other Non-Current Assets	$236M
TOTAL NON-CURRENT ASSETS	$5.3B
TOTAL ASSETS	$6.6B
Account Payables	$0
Short-Term Debt	$22M
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$105M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$77M
TOTAL NON-CURRENT LIABILITIES	$230M
TOTAL LIABILITIES	$6.0B
Common Stock	$443M
Additional Paid-In Capital	$95M
Retained Earnings	-$11M
Treasury Stock	$0
Accum. Other Comp. Income	$20M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$547M
Minority Interest	$48.0K
TOTAL EQUITY	$547M
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$175M
Net Debt	$71M