Citizens Bancshares Corporation

CZBS

CZBSCitizens Bancshares Corporation US flag

Other OTC

52.44

USD

+0.44

- -

94.44MMarket 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	- -
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	- -
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	- -
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	- -
Diluted Weighted Avg Shares	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	- -
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	- -

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	- -
Price/Free Cash Flow	1.23	-6.48	1.38	1.05	1.02	2.74	4.77	6.71	2.81	3.55	1.3	4.61	6.09	8.42	- -
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