Citizens Bancshares Corporation

CITZ

CITZCitizens Bancshares Corporation US flag

Other OTC

42.00

USD

+0.02

- -

87.50MMarket Cap

Income Statement (USD)

API Chat

	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	19	21	21	20	20	17	17	17	27	29	29	36	44	43	48
+ Sales & Services Revenue	19	21	21	20	20	17	17	17	27	29	29	36	44	43	48
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	-1	-1	- -	- -	- -	-1	-2	-2	-19	-20	-21	-24	-29	-30	-33
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	19	20	21	24	29	30	33
+ Selling, General & Admin	7	7	8	7	7	9	9	9	- -	- -	- -	- -	- -	- -	- -
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-7	-7	-8	-7	-7	-9	-9	-9	19	20	21	24	29	30	33
Operating Income (Loss)	1	1	- -	- -	- -	1	2	2	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	- -	- -	- -	1	- -	- -	- -	- -	-7	-7	-8	-9	-14	-13	-14
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	- -	- -	1	- -	- -	- -	- -	-7	-7	-8	-9	-14	-13	-14
Pretax Income	1	1	- -	-1	- -	1	2	2	7	7	8	9	14	13	14
- Income Tax Expense (Benefit)	- -	- -	-1	-1	-1	- -	- -	- -	2	1	2	2	3	3	3
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	1	1	1	- -	1	1	2	2	6	6	7	7	11	10	11
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	1	1	1	- -	1	1	2	2	6	6	7	7	11	10	11
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	1	1	1	- -	1	1	2	2	6	6	7	7	11	10	11
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	1	1	- -	- -	1	1	2	2	6	6	7	7	11	10	11
EBIT	1	1	- -	- -	- -	1	2	2	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	2	2	2	2	3	3	4	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	10.77	10.86	7.06	8.51	9.63	18.2	20.42	21.78	- -	- -	- -	- -	- -	- -	- -
EBITA	1	1	- -	- -	- -	1	2	2	-1	-1	-1	-2	-2	-2	-2
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	5.62	4.02	-1.28	- -	-0.65	6.91	11.45	12.75	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	5.41	4.85	2.95	1.34	3.76	7.78	10.66	10.91	20.88	20.29	22.43	20.66	25.66	23.81	22.84
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.19	0.31	0.24	0.19	0.19	0.19	0.19	0.19	0.32	0.34	0.36	0.38	0.4	0.42	0.44
Depreciation Expense	1	1	2	2	2	2	2	2	1	1	1	2	2	2	2
Basic Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Basic EPS, GAAP	0.49	0.34	0.15	0.02	0.25	0.52	0.73	0.72	2.86	2.98	3.31	3.74	5.67	5.21	5.65
Basic EPS from Cont Ops	0.49	0.49	0.3	0.13	0.36	0.63	0.83	0.83	2.86	2.98	3.31	3.74	5.67	5.21	5.65
Diluted Weighted Avg Shares	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Diluted EPS, GAAP	0.49	0.34	0.15	0.01	0.25	0.51	0.72	0.71	2.76	2.87	3.19	3.6	5.67	5.03	5.45
Diluted EPS from Cont Ops	0.49	0.49	0.3	0.13	0.36	0.62	0.83	0.82	2.76	2.87	3.19	3.6	5.67	5.03	5.45

Balance Sheet (USD)

API Chat

	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	19	29	26	35	41	30	49	33	88	153	282	211	149	162	147
+ Cash & Cash Equivalents	16	27	24	34	40	30	49	33	88	153	282	211	149	162	147
+ ST Investments	2	2	2	1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Accounts & Notes Receiv	- -	- -	- -	- -	- -	- -	- -	- -	2	2	2	3	3	4	4
+ Accounts Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	204	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	- -	-204	- -	- -	- -	- -	- -	- -	2	2	2	3	3	4	4
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-19	-29	-26	-35	-41	-30	-49	-33	-90	-155	-284	-214	-152	-165	-151
+ 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	8	8	8	7	7	7	6	6	16	18	18	31	28	29	29
+ Property, Plant & Equip	17	18	18	18	19	19	19	20	27	29	28	42	40	42	43
- Accumulated Depreciation	9	10	11	11	12	12	13	14	11	12	11	11	12	13	14
+ LT Investments & Receivables	95	119	133	129	132	142	128	124	73	88	97	202	157	229	156
+ LT Investments	95	119	133	129	132	142	128	124	73	88	97	202	157	229	156
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-102	-127	-140	-136	-139	-149	-134	-130	-89	-105	-115	-233	-186	-259	-184
+ Total Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	8	8	8	24	24	23	24
+ Goodwill	- -	- -	- -	- -	- -	- -	- -	- -	7	7	7	18	18	18	19
+ Other Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	2	2	1	6	5	5	5
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-102	-127	-140	-136	-139	-149	-134	-130	-98	-113	-123	-258	-210	-282	-208
Total Assets	348	388	388	397	396	388	396	389	580	684	795	1,000	964	1,033	1,109
+ Payables & Accruals	4	5	4	5	6	4	5	4	- -	- -	- -	- -	- -	- -	- -
+ Accounts Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	4	5	4	5	6	4	5	4	- -	- -	- -	- -	-1	-1	-1
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-4	-5	-4	-5	-6	-4	-5	-4	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-4	-5	-4	-5	-6	-4	-5	-4	- -	- -	- -	- -	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	29	14	- -	- -	- -	- -	- -	5	21	28	28	28	25	25	25
+ LT Borrowings	29	14	- -	- -	- -	- -	- -	5	- -	- -	- -	- -	- -	- -	- -
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Liabilities	-29	-14	- -	- -	- -	- -	- -	-5	-21	-28	-28	-28	-25	-25	-25
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-29	-14	- -	- -	- -	- -	- -	-5	-21	-28	-28	-28	-25	-25	-25
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	314	345	342	349	346	341	346	338	518	616	723	934	886	948	1,008
+ Preferred Equity and Hybrid Capital	- -	7	12	12	12	12	12	12	- -	- -	- -	- -	- -	- -	- -
+ Share Capital & APIC	10	10	10	10	10	10	11	11	10	10	10	10	10	10	10
+ Common Stock	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
+ Additional Paid in Capital	8	8	8	8	8	8	8	8	8	8	8	8	8	8	8
- Treasury Stock	2	2	2	2	2	2	2	2	8	8	8	8	8	9	9
+ Retained Earnings	25	26	26	26	26	27	29	30	60	65	71	77	86	96	106
+ Other Equity	- -	1	- -	3	3	-1	1	- -	- -	- -	- -	- -	- -	- -	- -
Equity Before Minority Interest	34	42	46	49	49	46	50	50	62	68	72	67	77	85	101
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	34	42	46	49	49	46	50	50	62	68	72	67	77	85	101
Total Liabilities & Equity	348	388	388	397	396	388	396	389	580	684	795	1,000	964	1,033	1,109
Shares Outstanding	2	2	2	2	2	2	2	2	2	2	2	2	2	2	2
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt	12	-13	-24	-33	-40	-29	-49	-28	-88	-153	-282	-211	-149	-162	-147
Net Debt to Equity	37.02	-30.13	-51.55	-68.49	-81.37	-63.15	-97.86	-55.7	-141.45	-224.1	-388.96	-317.65	-192.67	-190.25	-145.84
Tangible Common Equity Ratio	9.67	8.97	8.76	9.24	9.43	8.89	9.54	9.92	9.36	8.87	8.19	4.31	5.69	6.12	7.1
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2008 Y	2009 Y	2010 Y	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	1	1	1	- -	1	1	2	2	6	6	7	7	11	10	11
+ Depreciation & Amortization	1	1	2	2	2	2	2	2	- -	- -	- -	- -	- -	- -	- -
+ Non-Cash Items	2	1	4	2	4	- -	1	- -	2	1	4	4	1	2	4
+ Stock-Based Compensation	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Income Taxes	- -	-2	- -	-3	-1	1	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Asset Impairment Charge	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	2	3	4	5	5	-1	1	- -	2	1	4	4	1	2	4
+ Chg in Non-Cash Work Cap	-1	-5	-1	3	2	1	- -	-1	- -	-3	4	- -	- -	-1	1
+ (Inc) Dec in Accts Receiv	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	-1	- -	- -
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-1	1	-1	1	- -	-1	1	-1	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Other	- -	-6	- -	2	2	2	-1	- -	- -	-3	4	- -	- -	-1	1
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	4	-2	6	7	9	5	4	2	8	4	14	12	12	11	15
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	2	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	-1	-1	- -	- -	- -	- -	- -	- -	- -	-2	-2	-1	- -	-2	-1
+ Acq of Fixed Prod Assets	-1	-1	- -	- -	- -	- -	- -	- -	- -	-2	-2	-1	- -	-2	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Increase in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-1	- -
+ Net Change in LT Investment	-26	-22	-15	8	-4	-16	17	2	- -	-14	-12	-121	-1	-26	-33
+ Dec in LT Investment	33	45	50	37	42	31	22	41	22	64	26	13	75	30	54
+ Inc in LT Investment	-59	-67	-65	-30	-46	-48	-5	-39	-22	-78	-38	-133	-75	-55	-86
+ Net Cash From Acq & Div	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	52	- -	- -	26
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	72	- -	- -	26
+ Cash for Acq of Subs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-20	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	20	45	5	-9	4	5	-4	4	-13	-23	26	-3	-29	-32	-35
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	-6	22	-10	-2	- -	-12	12	5	-13	-39	13	-72	-28	-59	-43
+ Dividends Paid	- -	-1	- -	- -	- -	- -	- -	- -	-1	-1	-1	-1	-1	-1	-1
+ Net Cash From Debt	10	-14	-14	- -	- -	- -	- -	- -	9	6	- -	-8	-3	- -	- -
+ Cash From Debt	10	- -	- -	- -	- -	- -	- -	- -	9	6	- -	24	- -	- -	- -
+ Repayments of Debt	- -	-14	-14	- -	- -	- -	- -	- -	- -	- -	- -	-32	-3	- -	- -
+ Other Financing Activities	- -	6	16	5	-2	-4	4	-7	26	92	107	-3	-46	64	18
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	10	-9	1	5	-3	-4	4	-7	34	97	106	-12	-50	62	17
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	7	11	-3	10	7	-11	19	- -	29	62	134	-73	-66	14	-10
EBITDA	2	2	2	2	2	3	3	4	- -	- -	- -	- -	- -	- -	- -
EBITDA Margin (%)	10.77	10.86	7.06	8.51	9.63	18.2	20.42	21.78	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow	3	-3	5	6	9	4	3	2	7	1	13	11	12	9	15
Net Cash Paid for Acquisitions	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	-52	- -	- -	-26
Free Cash Flow to Firm	3	- -	- -	- -	- -	- -	3	2	7	1	13	11	12	9	15
Free Cash Flow to Equity	13	-10	-5	6	9	4	3	2	4	7	13	3	10	9	15
Free Cash Flow per Basic Share	1.6	-1.49	2.56	2.97	4.06	2.02	1.55	0.94	3.72	0.65	6.46	5.51	6.06	4.44	7.45
Price/Free Cash Flow	1.83	-6.96	1.78	1.29	1.42	5.59	- -	- -	5.91	7.95	3.57	5.03	4.37	4.82	5.23
Cash Flow to Net Income	3.82	-2	9.25	25.04	11.91	3.41	2.05	1.29	1.38	0.6	2.2	1.57	1.1	1.03	1.4
Capital Expenditures	-1	-1	- -	- -	- -	- -	- -	- -	- -	-2	-2	-1	- -	-2	-1