FNB FY 2010 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2010 Earnings

Reported February 25, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$485M	—	$502M	—	-3.3%
Op. Income	$103M	—	$50M	—	103.5%
Gross Margin	71.9%	—	62.5%	—	9.4pp
Net Margin	15.4%	—	8.2%	—	7.2pp
EPS (Diluted)	$0.65	—	$0.32	—	103.1%
Free Cash Flow	$153M	—	$108M	—	41.9%

Revenue Flow

Item	Amount
REVENUE	$485M
Cost of Revenue	$136M
GROSS PROFIT	$349M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$146M
SG&A Expenses	$151M
Other Expenses	$96M
Operating Expenses	$246M
Cost & Expenses	$382M
OPERATING INCOME	$103M
Interest Income	$374M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$103M
Income Tax Expense	$28M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$27M
EBIT	$103M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$485M
Cost of Revenue	$136M
GROSS PROFIT	$349M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$146M
SG&A Expenses	$151M
Other Expenses	$96M
Operating Expenses	$246M
Cost & Expenses	$382M
OPERATING INCOME	$103M
Interest Income	$374M
Interest Expense	$89M
Other Income/Expenses	$0
INCOME BEFORE TAX	$103M
Income Tax Expense	$28M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$27M
EBIT	$103M
EBITDA	$130M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$27M
Stock-Based Compensation	$0
Deferred Income Tax	$149.0K
Other Non-Cash Items	$64M
Change in Working Capital	-$3M
OPERATING CASH FLOW	$163M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$868M
Sales/Maturities of Investments	$680M
Other Investing Activities	-$312M
NET CASH FROM INVESTING	-$511M
Net Debt Issuance	-$48M
Common Stock Repurchased	$0
Common Dividends Paid	-$55M
Other Financing Activities	$266M
NET CASH FROM FINANCING	$169M
FREE CASH FLOW	$153M
Net Change in Cash	-$179M

Balance Sheet

Item	Amount
Cash & Equivalents	$132M
Short-Term Investments	$0
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$132M
PP&E (Net)	$116M
Goodwill	$529M
Intangible Assets	$32M
Long-Term Investments	$7.7B
Tax Assets	$0
Other Non-Current Assets	$478M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$9.0B
Account Payables	$0
Short-Term Debt	$754M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$7.4B
Long-Term Debt	$396M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$98M
TOTAL NON-CURRENT LIABILITIES	$494M
TOTAL LIABILITIES	$7.9B
Common Stock	$1M
Additional Paid-In Capital	$1.1B
Retained Earnings	$7M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$1.1B
Net Debt	$1.0B