Cash flow Canadian Imperial Bank of Commerce

Equities

CM

CA1360691010

Banks

Delayed Toronto S.E. Other stock markets 10:07:35 2024-09-18 am EDT			5-day change	1st Jan Change
83.04 ^CAD	-0.84%		+0.02%	+30.19%

Sep. 11	UBS Reviews Fiscal Q3 Results from Canada's Banks	MT
Sep. 11	UBS Adjusts Canadian Imperial Bank of Commerce Price Target to CA$83 From CA$70, Maintains Neutral Rating	MT

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Published financial data: CANADIAN IMPERIAL BANK OF COMMERCE

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: October	2019	2020	2021	2022	2023
Interest Income On Loans	16.05B	13.86B	12.15B	16.87B	30.24B
Interest Income On Investments	4.65B	3.66B	2.59B	5.3B	14.78B
Interest Income, Total	20.7B	17.52B	14.74B	22.18B	45.02B
Interest On Deposits	8.42B	5.33B	2.65B	7.89B	26.63B
Total Interest On Borrowings	1.72B	1.15B	631M	1.65B	5.56B
Interest Expense, Total	10.15B	6.48B	3.28B	9.54B	32.19B
Net Interest Income	10.55B	11.04B	11.46B	12.64B	12.82B
Service Charges On Deposits	908M	781M	797M	880M	924M
Trust Income	1.3B	1.38B	1.62B	1.76B	1.77B
Income From Trading Activities	-	-	-	-	-
Gain (Loss) on Sale of Assets	7M	-4M	-	-	-
Gain (Loss) on Sale of Invest. & Securities - (Rev)	34M	9M	90M	35M	83M
Income (Loss) on Equity Invest. (Income Block)	92M	79M	55M	47M	30M
Total Other Non Interest Income	5.71B	5.45B	5.99B	6.47B	7.69B
Non Interest Income, Total	8.06B	7.7B	8.56B	9.19B	10.5B
Revenues Before Provison For Loan Losses	18.61B	18.74B	20.02B	21.83B	23.32B
Provision For Loan Losses	1.29B	2.49B	158M	1.06B	2.01B
Total Revenues	17.32B	16.25B	19.86B	20.78B	21.31B
Salaries And Other Employee Benefits	5.22B	5.48B	5.38B	6.74B	7.2B
Stock-Based Compensation (IS)	3M	-	14M	-4M	-1M
Selling General & Admin Expenses, Total	4.16B	4.1B	4.74B	4.53B	4.55B
Total Other Non Interest Expense	1.3B	1.1B	1.13B	1.36B	1.53B
Non Interest Expense, Total	10.69B	10.69B	11.26B	12.62B	13.29B
EBT, Excl. Unusual Items	6.64B	5.57B	8.59B	8.16B	8.02B
Restructuring Charges	-	-339M	-109M	-37M	-
Impairment of Goodwill	-135M	-248M	-	-	-
Legal Settlements	-35M	-89M	-163M	-146M	-1.06B
Other Unusual Items	-	-	-	-1M	2M
EBT, Incl. Unusual Items	6.47B	4.89B	8.32B	7.97B	6.96B
Income Tax Expense	1.35B	1.1B	1.88B	1.73B	1.93B
Earnings From Continuing Operations	5.12B	3.79B	6.45B	6.24B	5.03B
Net Income to Company	5.12B	3.79B	6.45B	6.24B	5.03B
Minority Interest	-25M	-2M	-17M	-23M	-38M
Net Income - (IS)	5.1B	3.79B	6.43B	6.22B	5B
Preferred Dividend and Other Adjustments	111M	122M	158M	171M	267M
Net Income to Common Incl Extra Items	4.98B	3.67B	6.27B	6.05B	4.73B
Net Income to Common Excl. Extra Items	4.98B	3.67B	6.27B	6.05B	4.73B
Per Share Items
Net EPS - Basic	5.61	4.12	6.98	6.7	5.16
Basic EPS - Continuing Operations	5.61	4.12	6.98	6.7	5.16
Basic Weighted Average Shares Outstanding	889M	891M	898M	903M	916M
Net EPS - Diluted	5.6	4.11	6.96	6.68	5.16
Diluted EPS - Continuing Operations	5.6	4.11	6.96	6.68	5.16
Diluted Weighted Average Shares Outstanding	891M	892M	900M	906M	916M
Normalized Basic EPS	4.64	3.9	5.96	5.62	5.44
Normalized Diluted EPS	4.63	3.9	5.95	5.6	5.43
Dividend Per Share	2.8	2.91	2.92	3.27	3.44
Payout Ratio	47.21	67.84	41.2	47.78	45.27
Supplemental Items
Effective Tax Rate - (Ratio)	20.84	22.45	22.54	21.7	27.73
Total Current Taxes	1.24B	1.33B	1.92B	1.78B	2.02B
Total Deferred Taxes	108M	-228M	-41M	-46M	-87M
Normalized Net Income	4.12B	3.48B	5.35B	5.08B	4.98B
Non-Cash Pension Expense	-12M	-12M	-8M	-47M	-139M
Supplemental Operating Expense Items
Stock-Based Comp., SG&A Exp. (Total)	506M	437M	1.08B	420M	348M
Stock-Based Comp., Other (Total)	3M	-	14M	-4M	-1M
Total Stock-Based Compensation	509M	437M	1.09B	416M	347M

Fiscal Period: October	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	3.36B	43.07B	34.13B	31.04B	20.32B
Investment Securities, Total	131B	165B	175B	206B	238B
Trading Asset Securities, Total	78.29B	95.42B	108B	110B	116B
Mortgage Backed Securities	6.36B	6.32B	4.96B	4.8B	6.17B
Total investments	215B	267B	288B	321B	360B
Gross Loans	391B	412B	456B	522B	535B
Allowance For Loan Losses	-1.92B	-3.54B	-2.85B	-3.07B	-3.9B
Other Adjustments to Gross Loans	-469M	-530M	-591M	-689M	-706M
Net Loans	389B	408B	453B	518B	530B
Gross Property Plant And Equipment	4.64B	5.89B	6.42B	6.92B	7B
Accumulated Depreciation	-2.83B	-2.89B	-3.14B	-3.55B	-3.75B
Net Property Plant And Equipment	1.81B	3B	3.29B	3.38B	3.25B
Goodwill	5.45B	5.25B	4.95B	5.35B	5.42B
Other Intangibles, Total	1.97B	1.96B	2.03B	2.59B	2.74B
Accrued Interest Receivable	1.41B	1.32B	1.27B	2.23B	3.5B
Other Receivables	4.3B	2.72B	2.54B	3.89B	3.58B
Restricted Cash	10.33B	13.96B	19.41B	29.46B	21.99B
Other Current Assets, Total	11.73B	12.89B	14.54B	14.53B	13.9B
Deferred Tax Assets Long-Term (Collected)	517M	650M	402M	480M	629M
Other Real Estate Owned And Foreclosed	25M	23M	18M	24M	13M
Other Long-Term Assets, Total	6.34B	10.16B	14.55B	11.76B	10.01B
Total Assets	652B	770B	838B	944B	976B
Liabilities
Accounts Payable, Total	2.06B	2.15B	2.26B	2.61B	2.8B
Accrued Expenses, Total	2.28B	2.17B	2.96B	2.74B	2.58B
Interest Bearing Deposits	382B	440B	462B	534B	571B
Non-Interest Bearing Deposits	64.4B	90.75B	116B	117B	103B
Total Deposits	447B	530B	578B	652B	674B
Short-Term Borrowings	94.68B	48.54B	57.64B	72.51B	68.04B
Current Portion of Long-Term Debt	7.53B	78.28B	81.97B	85.61B	89.39B
Current Portion of Leases	-	354M	363M	344M	331M
Long-Term Debt	36.05B	39.29B	38.06B	43.59B	53.69B
Long-Term Leases	-	1.51B	1.77B	1.83B	1.69B
Accrued Interest Payable	1.44B	1.2B	781M	2.01B	4.53B
Other Current Liabilities - (Bank / Utility Template)	13.01B	14.42B	17.62B	17.5B	14.2B
Pension & Other Post Retirement Benefits	737M	676M	602M	477M	462M
Deferred Tax Liability Non-Current	38M	33M	38M	45M	40M
Other Non Current Liabilities	8.69B	9.29B	9.52B	12.15B	10.86B
Total Liabilities	613B	728B	792B	893B	923B
Preferred Stock Redeemable	-	-	-	-	-
Preferred Stock Convertible	2.82B	2.82B	2.82B	2.62B	2.62B
Preferred Stock - Others	-	-	-	-2M	-
Total Preferred Equity	2.82B	2.82B	2.82B	2.62B	2.62B
Common Stock, Total	13.59B	13.91B	14.35B	14.72B	16.08B
Additional Paid In Capital	125M	117M	110M	115M	109M
Retained Earnings	20.97B	22.12B	25.79B	28.82B	30.4B
Treasury Stock	-	-	-	-	-2M
Comprehensive Income and Other	881M	2.18B	2.57B	3.9B	3.76B
Total Common Equity	35.57B	38.33B	42.82B	47.56B	50.36B
Minority Interest	186M	181M	182M	201M	232M
Total Equity	38.58B	41.34B	45.83B	50.38B	53.21B
Total Liabilities And Equity	652B	770B	838B	944B	976B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	891M	894M	902M	906M	931M
ECS Total Common Shares Outstanding	891M	894M	902M	906M	931M
Book Value / Share	39.94	42.88	47.49	52.5	54.08
Tangible Book Value	28.15B	31.12B	35.84B	39.62B	42.19B
Tangible Book Value Per Share	31.61	34.81	39.75	43.73	45.31
Average Assets	640B	735B	810B	900B	948B
Average Loans	381B	401B	424B	489B	524B
Total Debt	138B	168B	180B	204B	213B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-131M	-202M	-1.34B	-1.4B	-1.03B
Net Debt	-13.03B	-55.09B	-52.48B	-39.03B	-38.24B
Equity Method Investments, Total	586M	658M	658M	632M	669M
Full Time Employees	45.16K	43.85K	45.28K	50.43K	48.07K

Fiscal Period: October	2019	2020	2021	2022	2023
Net Income	5.1B	3.79B	6.43B	6.22B	5B
Depreciation, Depletion & Amortization	263M	587M	530M	522M	545M
Amortization of Goodwill and Intangible Assets - (CF)	109M	105M	79M	98M	100M
Total Depreciation, Depletion & Amortization	372M	692M	609M	620M	645M
Amortization of Deferred Charges, Total	331M	371M	408M	427M	498M
(Gain) Loss On Sale of Asset - (CF)	-7M	4M	-	-6M	-3M
(Gain) Loss on Sale of Investments - (CF)	-34M	-9M	-90M	-35M	-83M
Total Asset Writedown	135M	248M	-	-	-
Provision for Credit Losses	1.29B	2.49B	158M	1.06B	2.01B
Stock-Based Compensation (CF)	16M	14M	19M	24M	13M
Change in Trading Asset Securities	-4.31B	-17.13B	-12.72B	-2.12B	-5.6B
Changes in Accrued Interest Receivable	-122M	97M	46M	-959M	-1.27B
Changes in Accrued Interest Payable	138M	-238M	-419M	1.23B	2.52B
Change In Income Taxes	-309M	1.29B	543M	-809M	361M
Change in Other Net Operating Assets (Collected)	-3.7B	-12.45B	-46.74B	-56.29B	-10.75B
Other Operating Activities	-96M	-993M	903M	-1.15B	1.77B
Cash from Operations	-1.2B	-21.82B	-50.85B	-51.8B	-4.89B
Capital Expenditure	-272M	-309M	-839M	-1.11B	-1.01B
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-25M	-	-	-3.08B	-
Investment in Marketable and Equity Securities, Total	-17.59B	-19.1B	-2.67B	-20.2B	-19.75B
Cash from Investing	-17.89B	-19.41B	-3.51B	-24.39B	-20.76B
Long-Term Debt Issued, Total	1.5B	1B	1B	1B	1.75B
Total Debt Issued	1.5B	1B	1B	1B	1.75B
Long-Term Debt Repaid, Total	-1B	-340M	-1.31B	-328M	-1.83B
Total Debt Repaid	-1B	-340M	-1.31B	-328M	-1.83B
Issuance of Common Stock	158M	177M	284M	229M	183M
Repurchase of Common Stock	-109M	-234M	-15M	-134M	-
Issuance of Preferred Stock	568M	747M	748M	1.4B	-
Repurchase of Preferred Stock	-	-	-	-800M	-
Common Dividends Paid	-	-	-	-	-
Preferred Dividends Paid	-	-	-	-	-
Common & Preferred Stock Dividends Paid	-2.41B	-2.57B	-2.65B	-2.97B	-2.26B
Common & Preferred Stock Dividends Paid	-2.41B	-2.57B	-2.65B	-2.97B	-2.26B
Net Increase (Decrease) in Deposit Accounts - (CF)	19.84B	82.12B	47.52B	74.51B	17.04B
Other Financing Activities, Total	-	-	-	-	-
Cash from Financing	18.55B	80.9B	45.58B	72.9B	14.89B
Foreign Exchange Rate Adjustments	4M	25M	-	248M	49M
Miscellaneous Cash Flow Adjustments	-	-	-175M	-	-
Net Change in Cash	-540M	39.69B	-8.96B	-3.04B	-10.72B
Supplemental Items
Cash Interest Paid	10.01B	6.72B	3.7B	8.31B	29.67B
Cash Income Tax Paid (Refund)	1.55B	39M	1.37B	2.58B	1.66B
Net Debt Issued / Repaid	499M	660M	-313M	672M	-81M

Fiscal Period: October	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.82	0.53	0.8	0.7	0.52
Return On Equity %	13.9	9.49	14.79	12.98	9.72
Return on Common Equity	14.61	9.93	15.45	13.39	9.66
Shareholders Value Added	1.11B	-327M	1.71B	918M	-780M
Margin Analysis
SG&A Margin	54.14	58.98	50.96	54.24	55.15
Net Interest Income / Total Revenues %	60.9	67.95	57.71	60.84	60.17
EBT Excl. Non-Recurring Items Margin %	38.32	34.25	43.28	39.26	37.65
Income From Continuing Operations Margin %	29.56	23.33	32.46	30.05	23.61
Net Income Margin %	29.41	23.32	32.38	29.94	23.44
Net Avail. For Common Margin %	28.77	22.57	31.58	29.12	22.18
Normalized Net Income Margin	23.81	21.39	26.96	24.43	23.35
Asset quality
Nonperforming Loans / Total Loans %	0.48	0.57	0.4	0.33	0.56
Nonperforming Loans / Total Assets %	0.29	0.31	0.22	0.18	0.31
Nonperforming Assets / Total Assets %	0.29	0.31	0.22	0.19	0.31
NPAs / Loans and OREO	0.48	0.58	0.41	0.34	0.56
NPAs / Equity	4.9	5.74	4.04	3.51	5.64
Allowance for Credit Losses / Net Charge-offs %	204.59	476.45	365.26	378.45	343.49
Allowance for Credit Losses / Nonperforming Loans %