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Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. City National's Net Income for the three months ended in Jun. 2015 was $68.50 Mil. Its Net Income for the trailing twelve months (TTM) ended in Jun. 2015 was $264.67 Mil.
Net Income is linked to the most popular Earnings per Share (Diluted) number. City National's Earnings per Share (Diluted) for the three months ended in Jun. 2015 was $.
The historical data trend for City National's Net Income can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
City National Annual Data | |||||||||||||||||||||
Trend | Dec05 | Dec06 | Dec07 | Dec08 | Dec09 | Dec10 | Dec11 | Dec12 | Dec13 | Dec14 | |||||||||||
Net Income | Get a 7-Day Free Trial | 131.18 | 172.42 | 208.05 | 230.01 | 255.82 |
City National Quarterly Data | ||||||||||||||||||||
Sep10 | Dec10 | Mar11 | Jun11 | Sep11 | Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | |
Net Income | Get a 7-Day Free Trial | 65.46 | 68.65 | 65.96 | 61.57 | 68.50 |
Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.
Net Income
= Revenue
- Cost of Goods Sold
- Selling, General, & Admin. Expense
- Research & Development
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= EBITDA
- Depreciation, Depletion and Amortization
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Operating Income
- Interest Expense
- Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others
City National's Net Income for the fiscal year that ended in Dec. 2014 is calculated as
Net Income | (A: Dec. 2014 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 377.797 | + | -119.208 | + | 0 | + | -2.7700000000001 |
= | 255.82 |
City National's Net Income for the quarter that ended in Jun. 2015 is calculated as
Net Income | (Q: Jun. 2015 ) | ||||||
= | Pre-Tax Income | + | Tax Provision | + | Net Income (Discontinued Operations) | + | Others |
= | 106.663 | + | -37.684 | + | 0 | + | -0.48 |
= | 68.50 |
Net Income for the trailing twelve months (TTM) ended in Jun. 2015 adds up the quarterly data reported by the company within the most recent 12 months, which was $264.67 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
City National (NYSE:CYNPRC.PFD) Net Income Explanation
Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:
City National's Earnings per Share (Diluted) (EPS) for the quarter that ended in Jun. 2015 is calculated as
Earnings per Share (Diluted) (Q: Jun. 2015 ) | = | (Net Income | - | Preferred Dividends) | / | Shares Outstanding (Diluted Average) |
= | (68.499 | - | 4.094) | / | 0 | |
= |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
EPS is most useful for companies that have:
A predictable businessThe dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Thank you for viewing the detailed overview of City National's Net Income provided by GuruFocus.com. Please click on the following links to see related term pages.
Brian Fitzmaurice | officer: EVP & Chief Credit Officer | C/O CITY NATIONAL CORPORATION, 555 S. FLOWER ST., 18TH FL., LOS ANGELES CA 90071 |
Clifford Gilbert-lurie | director | 555 SOUTH FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071 |
Mohamad Ali | director | 2 AVENUE DE LAFAYETTE, BOSTON MA 02111 |
Alison Davis | director | 255 FISERV DRIVE, BROOKFIELD WI 53045 |
Richard Gershen | officer: EVP & Director WMS | CITY NATIONAL BANK, 400 N. ROXBURY DRIVE, BEVERLY HILLS CA 90210 |
Martin Paretti | officer: VP and Controller | C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071 |
Olga Tsokova | officer: SVP & Chief Accounting Officer | C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071 |
Bruce Rosenblum | director | C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FLOOR, LOS ANGELES CA 90071 |
Ashok Israni | director | C/O CITY NATIONAL CORPORATION, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071 |
Linda M Griego | director | SOUTHWEST WATER CO, 624 SO. GRAND, STE 2900, LOS ANGELES CA 90017 |
James Iii Dowd | officer: SVP; Interim Chief Credit Ofcr | C/O CITY NATIONAL CORPORATION, 400 N. ROXBURY DRIVE, BEVERLY HILLS CA 90210 |
Nancy H Gilson | officer: VP and Controller | C/O CITY NATIONAL CORP, GENERAL COUNSEL, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071 |
Baghdo Akay | officer: Senior Risk Management Officer | C/O CITY NATIONAL CORP GENERAL COUNSEL, 400 N ROXBURY DRIVE, BEVERLY HILLS CA 90210 |
Christopher J Carey | officer: EVP & Chief Financial Officer | C/O CITY NATIONAL CORP., GENERAL COUNSEL, 555 S. FLOWER STREET, 18TH FL, LOS ANGELES CA 90071 |
Van De Kamp Andrea L | director | 9665 WILSHIRE BLVD, STE 101, BEVERLY HILLS CA 90212 |
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