FCF FY 2015 Earnings Report — First Commonwealth Financial Corporation Revenue & Financial Results | Market Cap Arena

First Commonwealth Financial CorporationFCF

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$265M	—	$263M	—	0.9%
Op. Income	$71M	—	$62M	—	14.2%
Gross Margin	88.5%	—	88.7%	—	-0.2pp
Net Margin	18.9%	—	16.9%	—	2.0pp
EPS (Diluted)	$0.56	—	$0.48	—	16.7%
Free Cash Flow	$68M	—	$71M	—	-4.6%

Revenue Flow

Item	Amount
REVENUE	$265M
Cost of Revenue	$31M
GROSS PROFIT	$235M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$102M
SG&A Expenses	$105M
Other Expenses	$59M
Operating Expenses	$164M
Cost & Expenses	$194M
OPERATING INCOME	$71M
Interest Income	$201M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$21M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$8M
EBIT	$71M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$265M
Cost of Revenue	$31M
GROSS PROFIT	$235M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$102M
SG&A Expenses	$105M
Other Expenses	$59M
Operating Expenses	$164M
Cost & Expenses	$194M
OPERATING INCOME	$71M
Interest Income	$201M
Interest Expense	$16M
Other Income/Expenses	$0
INCOME BEFORE TAX	$71M
Income Tax Expense	$21M
Net Income from Continuing Ops	$50M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$50M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$50M
D&A	$8M
EBIT	$71M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$50M
Depreciation & Amortization	$8M
Stock-Based Compensation	$1M
Deferred Income Tax	$13M
Other Non-Cash Items	$3M
Change in Working Capital	-$498.0K
OPERATING CASH FLOW	$73M
Capital Expenditure	-$5M
Acquisitions (Net)	-$4M
Purchases of Investments	-$405M
Sales/Maturities of Investments	$471M
Other Investing Activities	-$200M
NET CASH FROM INVESTING	-$142M
Net Debt Issuance	$330M
Common Stock Repurchased	-$25M
Common Dividends Paid	-$25M
Other Financing Activities	-$215M
NET CASH FROM FINANCING	$65M
FREE CASH FLOW	$68M
Net Change in Cash	-$5M

Balance Sheet

Item	Amount
Cash & Equivalents	$69M
Short-Term Investments	$887M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$956M
PP&E (Net)	$63M
Goodwill	$165M
Intangible Assets	$1M
Long-Term Investments	$5.1B
Tax Assets	$0
Other Non-Current Assets	$296M
TOTAL NON-CURRENT ASSETS	$5.6B
TOTAL ASSETS	$6.6B
Account Payables	$0
Short-Term Debt	$1.5B
Deferred Revenue	$0
Other Current Liabilities	$4.2B
TOTAL CURRENT LIABILITIES	$5.7B
Long-Term Debt	$81M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$59M
TOTAL NON-CURRENT LIABILITIES	$141M
TOTAL LIABILITIES	$5.8B
Common Stock	$106M
Additional Paid-In Capital	$366M
Retained Earnings	$378M
Treasury Stock	-$128M
Accum. Other Comp. Income	-$2M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$720M
Minority Interest	$0
TOTAL EQUITY	$720M
TOTAL LIABILITIES & EQUITY	$6.6B
Total Debt	$1.6B
Net Debt	$1.5B