Cambridge Bancorp Financial Statements — CATC Stock

Income Statement	2006 Y	2007 Y	2008 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Sales/Revenue/Turnover	46	48	51	66	69	73	78	82	88	97	115	160	172	186	163
+ Sales & Services Revenue	46	48	51	66	69	73	78	82	88	97	115	160	172	186	163
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	23	23	22	33	32	33	37	39	41	44	50	62	69	74	74
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-23	-23	-22	-33	-32	-33	-37	-39	-41	-44	-50	-62	-69	-74	-74
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-13	-13	-14	-20	-21	-22	-23	-25	-28	-31	-34	-43	-73	-72	-46
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-13	-13	-14	-20	-21	-22	-23	-25	-28	-31	-34	-43	-73	-72	-46
Pretax Income	13	13	14	20	21	22	23	25	28	31	34	43	73	72	46
- Income Tax Expense (Benefit)	4	4	4	6	7	7	8	9	13	7	9	11	19	19	12
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	9	9	10	13	14	15	16	17	15	24	25	32	54	53	34
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	9	9	10	13	14	15	16	17	15	24	25	32	54	53	34
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	9	9	10	13	14	15	16	17	15	24	25	32	54	53	34
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	9	9	10	13	14	15	16	17	15	24	25	32	54	53	34
Basic Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	5	6	7	7	8
Basic EPS, GAAP	2.25	2.42	2.56	3.49	3.68	3.84	3.99	4.23	3.68	5.88	5.46	5.08	7.8	7.39	4.36
Basic EPS from Cont Ops	2.25	2.42	2.56	3.49	3.68	3.84	3.99	4.23	3.68	5.88	5.46	5.08	7.8	7.39	4.36
Diluted Weighted Avg Shares	4	4	4	4	4	4	4	4	4	4	5	6	7	7	8
Diluted EPS, GAAP	2.24	2.41	2.56	3.45	3.62	3.78	3.93	4.19	3.64	5.83	5.42	5.04	7.73	7.33	4.35
Diluted EPS from Cont Ops	2.24	2.41	2.56	3.45	3.62	3.78	3.93	4.19	3.64	5.83	5.42	5.04	7.73	7.33	4.35
EBITDA	2	2	1	1	2	2	2	2	2	2	2	-8	-2	1	1
EBITDA Margin (%)	3.71	3.22	2.5	2.15	2.29	2.5	2.5	2.56	2.22	1.95	1.74	-5.09	-1.07	0.39	0.73
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	18.74	19.4	18.78	20.2	20.6	20.55	20.25	20.52	16.87	24.73	21.94	20.01	31.35	28.41	20.99
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	1.06	1.18	1.29	1.5	1.61	1.7	1.82	1.86	1.88	1.98	2.06	2.08	2.39	2.57	2.68
Depreciation Expense	2	2	1	1	2	2	2	2	2	2	2	-8	-2	1	1

Balance Sheet	2006 Y	2007 Y	2008 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	17	19	13	562	477	357	372	380	309	187	202	313	378	184	171
+ Cash & Cash Equivalents	17	19	13	60	88	17	25	54	104	18	61	76	180	31	33
+ ST Investments	- -	- -	- -	502	389	340	347	326	205	168	140	237	198	153	138
+ Accounts & Notes Receiv	5	5	4	4	4	4	4	5	5	6	7	10	9	14	16
+ Accounts Receivable, Net	5	5	4	4	4	4	4	5	5	6	7	10	9	14	16
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-22	-24	-18	-566	-481	-361	-376	-384	-314	-192	-209	-322	-387	-198	-187
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	6	5	- -	6	10	8	11	10	9	9	48	53	49	48	45
+ Property, Plant & Equip	22	23	- -	27	33	23	25	24	25	25	67	74	72	74	74
- Accumulated Depreciation	17	18	- -	21	23	15	13	14	16	16	18	21	23	26	29
+ LT Investments & Receivables	382	377	378	573	448	419	430	408	437	451	399	485	1,175	1,205	1,097
+ LT Investments	382	377	378	573	448	419	430	408	437	451	399	485	1,175	1,205	1,097
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-388	-383	-378	-580	-458	-428	-442	-419	-447	-460	-447	-538	-1,223	-1,254	-1,142
+ Total Intangible Assets	- -	- -	- -	- -	1	1	1	1	1	1	70	59	58	81	78
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	62	52	52	65	65
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	1	1	1	8	8	6	16	14
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-388	-383	-378	-580	-459	-429	-443	-420	-448	-461	-517	-597	-1,281	-1,334	-1,220
Total Assets	773	850	917	1,418	1,534	1,574	1,706	1,849	1,950	2,101	2,856	3,949	4,892	5,560	5,418
+ Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	35	36	3	- -	- -	69	- -	- -	- -	90	136	33	- -	- -	- -
+ ST Borrowings	35	36	3	- -	- -	69	- -	- -	- -	90	136	33	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-35	-36	-3	- -	- -	-69	- -	- -	- -	-90	-136	-33	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-35	-36	-3	- -	- -	-69	- -	- -	- -	-90	-136	-33	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	- -	35	55	20	- -	- -	4	4	4	3	35	70	50	133	477
+ LT Borrowings	- -	35	55	20	- -	- -	4	4	4	3	- -	33	17	105	452
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35	37	34	27	25
+ Other LT Liabilities	- -	-35	-55	-20	- -	- -	-4	-4	-4	-3	-35	-70	-50	-133	-477
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	- -	-35	-55	-20	- -	- -	-4	-4	-4	-3	-35	-70	-50	-133	-477
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	710	780	841	1,313	1,424	1,457	1,581	1,714	1,802	1,934	2,569	3,548	4,454	5,042	4,883
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	23	23	23	28	30	32	34	37	40	42	142	234	236	301	302
+ Common Stock	4	4	4	4	4	4	4	4	4	4	5	7	7	8	8
+ Additional Paid in Capital	19	19	20	24	26	28	30	33	36	38	137	227	229	293	294
- Treasury Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Retained Earnings	44	46	49	76	83	91	99	107	114	131	147	165	203	237	250
+ Other Equity	-3	1	3	1	-4	-7	-8	-10	-6	-6	-2	2	-1	-21	-18
Equity Before Minority Interest	63	70	76	105	109	116	125	135	148	167	287	402	438	518	535
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	63	70	76	105	109	116	125	135	148	167	287	402	438	518	535
Total Liabilities & Equity	773	850	917	1,418	1,534	1,574	1,706	1,849	1,950	2,101	2,856	3,949	4,892	5,560	5,418
Shares Outstanding	4	4	4	4	4	4	4	4	4	4	5	7	7	8	8
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	35	37	34	27	25
Net Debt	18	52	45	-40	-88	52	-21	-50	-100	75	74	-10	-164	74	419
Net Debt to Equity	29.02	74.36	58.58	-38.06	-80.62	44.35	-16.58	-37.35	-67.6	44.86	25.95	-2.44	-37.38	14.39	78.41
Tangible Common Equity Ratio	8.18	8.2	8.29	7.4	7.08	7.34	7.28	7.22	7.53	7.9	7.76	8.8	7.86	7.98	8.55
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement	2006 Y	2007 Y	2008 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y
+ Net Income	9	9	10	13	14	15	16	17	15	24	25	32	54	53	34
+ Depreciation & Amortization	2	2	1	1	2	2	2	2	2	2	2	-8	-2	1	1
+ Non-Cash Items	- -	1	1	1	1	1	1	2	5	4	4	21	2	7	5
+ Stock-Based Compensation	- -	- -	- -	1	- -	1	- -	2	2	3	2	5	2	2	1
+ Deferred Income Taxes	- -	- -	- -	- -	- -	- -	-1	-1	3	-1	- -	-1	3	1	2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	- -	- -	- -	1	1	1	1	1	1	2	1	17	-4	4	2
+ Chg in Non-Cash Work Cap	- -	1	1	-10	6	-2	2	-5	8	-5	-2	-8	12	-9	-7
+ (Inc) Dec in Accts Receiv	- -	1	1	-9	5	- -	- -	- -	-1	-1	- -	- -	- -	-4	-2
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	- -	- -	-2	1	-2	2	-4	8	-5	-2	-8	11	-4	-5
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	11	12	13	6	23	16	20	16	30	24	29	37	66	52	33
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	-2	-1	-5	- -	-5	-1	-1	-1	-2	-2	-2	-2	-1
+ Acq of Fixed Prod Assets	-1	-1	-2	-1	-5	- -	-5	-1	-1	-1	-2	-2	-2	-2	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Net Change in LT Investment	-9	- -	3	-30	110	34	-13	20	-30	-15	77	-60	-699	-35	110
+ Dec in LT Investment	38	54	130	172	114	102	223	186	160	69	149	114	113	180	110
+ Inc in LT Investment	-47	-55	-127	-202	-4	-68	-236	-166	-190	-84	-72	-174	-812	-215	- -
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	43	- -	82	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	43	- -	82	- -
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	-24	-63	-53	-75	-202	-145	-110	-126	-31	-211	-190	-39	-156	-425	29
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-34	-64	-52	-107	-97	-112	-128	-108	-62	-227	-113	-59	-856	-379	138
+ Dividends Paid	-4	-5	-5	-6	-6	-7	-7	-7	-8	-8	-10	-13	-17	-18	-21
+ Net Cash From Debt	24	35	-13	-12	-20	- -	4	- -	- -	90	29	-10	-16	- -	- -
+ Cash From Debt	24	35	20	- -	- -	- -	4	- -	- -	90	29	- -	- -	- -	- -
+ Repayments of Debt	- -	- -	-33	-12	-20	- -	- -	- -	- -	- -	- -	-10	-16	- -	- -
+ Cash (Repurchase) of Equity	-1	-3	-1	1	1	1	1	1	- -	- -	38	- -	- -	- -	- -
+ Increase in Capital Stock	1	1	1	1	1	2	2	2	- -	- -	38	- -	- -	- -	- -
+ Decrease in Capital Stock	-2	-3	-2	- -	- -	-1	-1	-2	- -	- -	- -	- -	- -	- -	- -
+ Other Financing Activities	- -	35	69	156	128	30	118	128	90	36	70	60	928	196	-148
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	19	64	50	138	102	25	116	121	82	118	128	37	895	178	-169
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	-4	12	11	37	28	-71	7	29	50	-85	43	14	104	-149	2
Capital Expenditures	-1	-1	-2	-1	-5	- -	-5	-1	-1	-1	-2	-2	-2	-2	-1
EBITDA	2	2	1	1	2	2	2	2	2	2	2	-8	-2	1	1
EBITDA Margin (%)	3.71	3.22	2.5	2.15	2.29	2.5	2.5	2.56	2.22	1.95	1.74	-5.09	-1.07	0.39	0.73
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-2	-43	- -	-82	- -
Free Cash Flow	9	11	11	4	18	16	15	15	29	23	27	35	63	50	32
Free Cash Flow to Firm	9	11	11	4	18	16	15	15	29	23	27	35	63	50	32
Free Cash Flow to Equity	33	47	-2	-8	-2	16	19	14	29	113	56	25	47	50	32
Free Cash Flow per Basic Share	2.46	2.96	2.85	1.16	4.66	4.08	3.83	3.67	7.19	5.63	5.81	5.5	9.16	7	4.05
Price/Free Cash Flow	4.61	4.73	3.72	13.15	3.87	8.26	5.78	11.66	8.62	11.27	10.39	10.02	8.8	10.44	15.48
Cash Flow to Net Income	1.26	1.32	1.33	0.44	1.64	1.08	1.28	0.94	2.01	1.01	1.14	1.15	1.21	0.98	0.97

Cambridge Bancorp

Income Statement

Balance Sheet

Cash Flow Statement