Stocks CFNB Financial statements
Financial statementsCALIFORNIA FIRST LEASING CORP financial statements
Income statement, balance sheet and cash flow statement for the last 8 fiscal years, taken from the XBRL data CALIFORNIA FIRST LEASING CORP files with the SEC in its annual reports.
In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.
Income statement
| FY2010 | FY2012 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2 | 2.13 | 2.76 | 1.71 | 2.15 | 0.31 | ||
| Pre-tax income | 11.7 | 11.1 | 14.8 | 14.1 | 18.7 | |||
| Income tax | 6.89 | 6.03 | 5.37 | 4.33 | 4.02 | 5.76 | 5.42 | 7.6 |
| Net income | 11.1 | 10.9 | 8.9 | 7.35 | 7.05 | 9.06 | 8.65 | 11.1 |
| EPS, basic | 1.09 | 1.06 | 0.85 | 0.70 | 0.67 | 0.87 | 0.83 | 1.08 |
| EPS, diluted | 1.08 | 1.05 | 0.85 | 0.70 | 0.67 | 0.87 | 0.83 | 1.08 |
| Shares, basic (weighted) | 10.2 | 10.3 | 10.4 | 10.4 | 10.5 | 10.5 | 10.4 | 10.3 |
| Shares, diluted (weighted) | 10,304 | 10.4 | 10.4 | 10.5 | 10.5 | 10.5 | 10.4 | 10.3 |
| Dividend per share | 0.60 | 1.00 | 1.10 | 2.20 | 0.40 | 0.42 | 0.44 | 0.46 |
Balance sheet
| FY2010 | FY2012 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | 74 | 97.3 | 56.9 | 75.5 | 40.1 | 60.2 | 105 | 96.1 |
| Receivables | 2.2 | 1.6 | 1.4 | 0.68 | 1.17 | 1.33 | 0.84 | |
| Total assets | 454 | 524 | 486 | 559 | 580 | 731 | 888 | 716 |
| Short-term debt | 10 | |||||||
| Total liabilities | 325 | 290 | 378 | 396 | 543 | 697 | 519 | |
| Total debt | 0 | 0 | 0 | |||||
| Paid-in capital | 2.85 | 3.04 | 3.21 | 3.37 | 3.38 | 2.24 | 2.31 | |
| Retained earnings | 195 | 193 | 177 | 180 | 185 | 187 | 194 | |
| Other comprehensive income | 1.51 | 0.69 | 0.59 | 0.42 | 0.23 | 1.35 | -0.01 | |
| Shareholders' equity | 199 | 200 | 196 | 181 | 184 | 188 | 191 | 196 |
| Total equity | 199 | 200 | 196 | 181 | 184 | 188 | 191 | 196 |
| Total liabilities and equity | 524 | 486 | 559 | 580 | 731 | 888 | 716 | |
| Shares outstanding | 10.4 | 10.4 | 10.4 | 10.5 | 10.5 | 10.3 | 10.3 |
Cash flow statement
| FY2010 | FY2012 | FY2012 | FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Net income | 11.1 | 10.9 | 8.9 | 7.35 | 7.05 | 9.06 | 8.65 | 11.1 |
| Depreciation and amortization | -2.02 | -2.31 | -0.76 | -0.68 | 0.08 | -0.5 | -0.13 | -0.18 |
| Stock-based compensation | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Deferred income tax | 3.8 | 7.91 | -0.17 | -5.28 | -3.19 | -3.96 | -5.62 | -4.83 |
| Change in payables | -3.93 | 0.82 | -0.24 | -0.64 | 0.4 | -0.28 | 1.34 | -1.09 |
| Cash from operations | 7.01 | 15.6 | 6.89 | -2.7 | 6.47 | 5.17 | 9.69 | 44.3 |
| Purchases of investments | -21.7 | -24.3 | -22 | -8.23 | -68.3 | -22.8 | -8.26 | |
| Sales and maturities of investments | 0.59 | 3.91 | 16.5 | 7.52 | 26.2 | 12.1 | 4.41 | 5.82 |
| Cash from investing | 67.5 | -52.5 | -4.53 | -48.7 | -54.4 | -132 | -117 | 116 |
| Stock issued | 1.14 | 1.63 | 0.2 | 0.16 | 0.16 | 0.06 | ||
| Share buybacks | -0.31 | -2.36 | ||||||
| Dividends paid | -6.11 | -10.3 | -11.5 | -23 | -4.18 | -4.39 | -4.6 | -4.73 |
| Cash from financing | -55.7 | 60.2 | -42.7 | 69.9 | 12.6 | 147 | 152 | -169 |
| Net change in cash | 18.8 | 23.3 | -40.4 | 18.5 | -35.3 | 20.1 | 44.9 | -9.04 |
| Interest paid | 4.98 | 3.62 | 3.06 | 2.64 | 3.05 | 3.88 | 6.12 | 7.34 |
| Income taxes paid | 3.09 | -4.73 | 4.86 | 12.2 | 5.56 | 7.57 | 5.29 | 14.8 |
Key metrics
Profitability
| Metric | Value | How it is calculated |
|---|---|---|
| Effective tax rate | 40.6% | Income tax / pre-tax income, when pre-tax income is positive. |
| Return on equity (ROE) | 5.7% | Net income / average shareholders' equity (opening and closing). Not shown when equity is negative. |
| Return on assets (ROA) | 1.4% | Net income / average total assets. |
Growth
| Metric | Value | How it is calculated |
|---|---|---|
| Net income growth, 1y | 28.6% | Net income vs the same period a year earlier. Only from a positive base. |
| Net income CAGR, 3y | 16.4% | Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Net income CAGR, 5y | 4.6% | Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| EPS growth, 1y | 30.1% | EPS vs the same period a year earlier. Only from a positive base. |
| EPS CAGR, 3y | 17.3% | Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| EPS CAGR, 5y | 4.9% | Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Operating cash flow growth, 1y | 357.7% | Operating cash flow vs the same period a year earlier. Only from a positive base. |
| Operating cash flow CAGR, 3y | 90.0% | Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Operating cash flow CAGR, 5y | 45.1% | Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Dividend per share growth, 1y | 4.5% | Dividend per share vs the same period a year earlier. Only from a positive base. |
| Dividend per share CAGR, 3y | 4.8% | Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Dividend per share CAGR, 5y | -16.0% | Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Book value growth, 1y | 2.7% | Book value vs the same period a year earlier. Only from a positive base. |
| Book value CAGR, 3y | 2.2% | Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Book value CAGR, 5y | -0.0% | Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Total assets growth, 1y | -19.4% | Total assets vs the same period a year earlier. Only from a positive base. |
| Total assets CAGR, 3y | 7.3% | Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive. |
| Total assets CAGR, 5y | 8.0% | Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive. |
| Share count change, 1y | -1.2% | Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 3y | -0.6% | Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution. |
| Share count change per year, 5y | -0.3% | Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution. |
Balance sheet health
| Metric | Value | How it is calculated |
|---|---|---|
| Debt / equity | 0.00x | Total debt / shareholders' equity. Not shown when equity is negative. |
| Debt / assets | 0.0% | Total debt / total assets. |
| Liabilities / assets | 72.6% | Total liabilities / total assets. |
| Net debt | -$96.1M | Total debt - cash - short-term investments. Negative means more cash than debt. |
| Tangible book value | $196.1M | Shareholders' equity - goodwill - intangible assets. |
Per share
| Metric | Value | How it is calculated |
|---|---|---|
| EPS, diluted | $1.08 | Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS. |
| EPS, basic | $1.08 | Net income per basic share, as reported (split-adjusted). |
| Operating cash flow per share | $4.31 | Cash from operations / diluted weighted shares. |
| Book value per share | $19.07 | Shareholders' equity / shares outstanding (diluted weighted shares when not reported). |
| Tangible book per share | $19.07 | Tangible book value / shares outstanding. |
| Cash per share | $9.34 | (Cash + short-term investments) / shares outstanding. |
| Dividend per share | $0.46 | Dividend declared per common share (paid, when declared is not tagged). |
| Payout ratio | 42.5% | Dividends paid / net income, when net income is positive. |
Valuation
| Metric | Value | How it is calculated |
|---|---|---|
| Market cap | $13.37B | Share price x shares outstanding. |
| Enterprise value | $13.27B | Market cap + total debt - cash - short-term investments. |
| P/E | 1,202x | Market cap / net income. Only when net income is positive. |
| P/B | 68.2x | Market cap / shareholders' equity. Only when equity is positive. |
| Price / tangible book | 68.2x | Market cap / tangible book value, when positive. |
| P/OCF | 302x | Market cap / cash from operations, when positive. |
| Earnings yield | 0.1% | Net income / market cap (the inverse of P/E). |
| Dividend yield | 0.0% | Dividends paid over the period / market cap. |
| Shareholder yield | 0.0% | (Dividends paid + share buybacks) / market cap. |
| PEG | 69.7x | P/E / EPS growth per year over 3 years (in percent). Only when both are positive. |
Was CALIFORNIA FIRST LEASING CORP profitable in fiscal 2017?
Yes. Net income was $11.1M, a net margin of -.