2016 Q4 Form 10-Q Financial Statement

#000143774916041284 Filed on November 07, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $124.2M $116.9M
YoY Change 6.24%
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.800M $1.800M -$1.200M
YoY Change -5.26% -250.0% -160.0%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change
Interest Expense $20.77M $20.33M $19.22M
YoY Change 3.3% 5.77%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income $64.36M $61.90M $50.58M
YoY Change 10.52% 22.37% -13.09%
Income Tax $16.35M $15.81M $12.10M
% Of Pretax Income 25.4% 25.54% 23.92%
Net Earnings $48.02M $46.09M $38.48M
YoY Change 15.85% 19.77% 7.19%
Net Earnings / Revenue 37.12% 32.93%
Basic Earnings Per Share $0.61 $0.58 $0.47
Diluted Earnings Per Share $0.60 $0.58 $0.47
COMMON SHARES
Basic Shares Outstanding 78.89M 78.87M 81.48M
Diluted Shares Outstanding 79.70M 82.29M

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $1.185B $203.9M $196.3M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment $105.6M $106.9M $110.0M
YoY Change -3.05% -2.83% 8.91%
Goodwill $372.2M $372.2M
YoY Change 0.0%
Intangibles $2.949M $3.158M
YoY Change -19.8%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $14.52B $14.10B $12.75B
YoY Change 9.56% 10.58% 9.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $50.00M $250.0M $0.00
YoY Change 0.0% -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $50.00M $250.0M
YoY Change 0.0%
LONG-TERM LIABILITIES
Long-Term Debt $437.0M $237.0M $538.0M
YoY Change -10.45% -55.95% 0.0%
Other Long-Term Liabilities $169.0M $166.0M $131.0M
YoY Change 17.36% 26.72% 87.14%
Total Long-Term Liabilities $606.0M $403.0M $669.0M
YoY Change -4.11% -39.76% 10.03%
TOTAL LIABILITIES
Total Short-Term Liabilities $50.00M $250.0M
Total Long-Term Liabilities $606.0M $403.0M $669.0M
Total Liabilities $12.69B $12.31B $11.02B
YoY Change 10.31% 11.68% 9.86%
SHAREHOLDERS EQUITY
Retained Earnings $1.175B $1.144B
YoY Change 10.93%
Common Stock $878.0K $871.0K
YoY Change 0.92%
Preferred Stock
YoY Change
Treasury Stock (at cost) $239.6M $239.6M
YoY Change 29.4%
Treasury Stock Shares $8.211M $8.211M
Shareholders Equity $1.829B $1.790B $1.732B
YoY Change
Total Liabilities & Shareholders Equity $14.52B $14.10B $12.75B
YoY Change 9.56% 10.58% 9.92%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $48.02M $46.09M $38.48M
YoY Change 15.85% 19.77% 7.19%
Depreciation, Depletion And Amortization $1.800M $1.800M -$1.200M
YoY Change -5.26% -250.0% -160.0%
Cash From Operating Activities $63.80M $79.10M $37.70M
YoY Change 21.29% 109.81% 0.8%
INVESTING ACTIVITIES
Capital Expenditures -$300.0K -$1.300M -$1.200M
YoY Change -66.67% 8.33% 71.43%
Acquisitions
YoY Change
Other Investing Activities -$427.0M -$652.3M -$291.5M
YoY Change -17.55% 123.77% 284.06%
Cash From Investing Activities -$427.3M -$653.7M -$292.8M
YoY Change -17.62% 123.26% 282.25%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 377.6M 549.1M 284.5M
YoY Change -16.07% 93.01% -4615.87%
NET CHANGE
Cash From Operating Activities 63.80M 79.10M 37.70M
Cash From Investing Activities -427.3M -653.7M -292.8M
Cash From Financing Activities 377.6M 549.1M 284.5M
Net Change In Cash 14.10M -25.50M 29.40M
YoY Change -187.04% -186.73% -164.62%
FREE CASH FLOW
Cash From Operating Activities $63.80M $79.10M $37.70M
Capital Expenditures -$300.0K -$1.300M -$1.200M
Free Cash Flow $64.10M $80.40M $38.90M
YoY Change 19.81% 106.68% 2.1%

Facts In Submission

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CY2016Q3 us-gaap Cash And Due From Banks
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CY2016Q3 us-gaap Commitments And Contingencies
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CY2015Q4 us-gaap Commitments And Contingencies
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us-gaap Depreciation Depletion And Amortization
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us-gaap Equipment Expense
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us-gaap Equipment Expense
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us-gaap Fees And Commissions Depositor Accounts
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CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses
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CY2015Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2015Q1 us-gaap Financing Receivable Allowance For Credit Losses
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CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Collectively Evaluated For Impairment
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CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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us-gaap Financing Receivable Allowance For Credit Losses Recovery
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CY2016Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2015Q3 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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us-gaap Financing Receivable Allowance For Credit Losses Write Offs
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CY2015Q4 us-gaap Financing Receivable Individually Evaluated For Impairment
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CY2015Q3 us-gaap Financing Receivable Modifications Number Of Contracts2
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us-gaap Financing Receivable Modifications Number Of Contracts2
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CY2015Q3 us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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us-gaap Financing Receivable Modifications Post Modification Recorded Investment2
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CY2015Q3 us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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us-gaap Financing Receivable Modifications Pre Modification Recorded Investment2
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CY2015Q3 us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
FinancingReceivablesImpairedTroubledDebtRestructuringWriteDown
us-gaap Financing Receivables Impaired Troubled Debt Restructuring Write Down
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us-gaap Gain Loss On Sale Of Securities Net
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476000
us-gaap Gains Losses On Sales Of Other Real Estate
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CY2016Q3 us-gaap Goodwill
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CY2015Q4 us-gaap Goodwill
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CY2016Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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CY2015Q3 us-gaap Impaired Financing Receivable Average Recorded Investment
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us-gaap Impaired Financing Receivable Average Recorded Investment
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134519000
us-gaap Impaired Financing Receivable Average Recorded Investment
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168472000
CY2016Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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1160000
CY2015Q3 us-gaap Impaired Financing Receivable Interest Income Accrual Method
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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" TEXT-ALIGN: left; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; font-style: italic;"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif"><div style="display: inline; text-decoration: underline;"><div style="display: inline; font-weight: bold;">1. Business</div></div></div></div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">&nbsp;</div></div> <div style=" TEXT-ALIGN: justify; MARGIN: 0pt; LINE-HEIGHT: 1.25"><div style="display: inline; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman, Times, serif">Cathay General Bancorp (&#x201c;Bancorp&#x201d;) is the holding company for Cathay Bank (the &#x201c;Bank&#x201d; and, together, the &#x201c;Company&#x201d;), six limited partnerships investing in affordable housing investments in which the Bank is the sole limited partner, and GBC Venture Capital, Inc. Bancorp also owns 100% of the common stock of five statutory business trusts created for the purpose of issuing capital securities. The Bank was founded in 1962 and offers a wide range of financial services. As of September 30, 2016, the Bank operated 22 branches in Southern California, 12 branches in Northern California, 12 branches in New York State, three branches in Illinois, three branches in Washington State, two branches in Texas, one branch in Massachusetts, one branch in New Jersey, one branch in Maryland, one branch in Nevada, one branch in Hong Kong, and a representative office in Shanghai and in Taipei. Deposit accounts at the Hong Kong branch are not insured by the Federal Deposit Insurance Corporation (the &#x201c;FDIC&#x201d;). </div></div></div>
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CY2016Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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