FNB FY 2011 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2011 Earnings

Reported February 28, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$506M	—	$485M	—	4.2%
Op. Income	$119M	—	$103M	—	16.1%
Gross Margin	78.6%	—	71.9%	—	6.6pp
Net Margin	17.2%	—	15.4%	—	1.8pp
EPS (Diluted)	$0.70	—	$0.65	—	7.7%
Free Cash Flow	$272M	—	$153M	—	78.0%

Revenue Flow

Item	Amount
REVENUE	$506M
Cost of Revenue	$108M
GROSS PROFIT	$397M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$168M
SG&A Expenses	$174M
Other Expenses	$104M
Operating Expenses	$278M
Cost & Expenses	$386M
OPERATING INCOME	$119M
Interest Income	$391M
Interest Expense	$75M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$32M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$22M
EBIT	$119M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$506M
Cost of Revenue	$108M
GROSS PROFIT	$397M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$168M
SG&A Expenses	$174M
Other Expenses	$104M
Operating Expenses	$278M
Cost & Expenses	$386M
OPERATING INCOME	$119M
Interest Income	$391M
Interest Expense	$75M
Other Income/Expenses	$0
INCOME BEFORE TAX	$119M
Income Tax Expense	$32M
Net Income from Continuing Ops	$87M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$87M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$87M
D&A	$22M
EBIT	$119M
EBITDA	$141M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$87M
Depreciation & Amortization	$22M
Stock-Based Compensation	$0
Deferred Income Tax	$7M
Other Non-Cash Items	$63M
Change in Working Capital	$109M
OPERATING CASH FLOW	$290M
Capital Expenditure	-$17M
Acquisitions (Net)	$23M
Purchases of Investments	-$673M
Sales/Maturities of Investments	$795M
Other Investing Activities	-$412M
NET CASH FROM INVESTING	-$284M
Net Debt Issuance	-$41M
Common Stock Repurchased	$0
Common Dividends Paid	-$61M
Other Financing Activities	$102M
NET CASH FROM FINANCING	$72M
FREE CASH FLOW	$272M
Net Change in Cash	$77M

Balance Sheet

Item	Amount
Cash & Equivalents	$209M
Short-Term Investments	$641M
Net Receivables	$111M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$960M
PP&E (Net)	$130M
Goodwill	$568M
Intangible Assets	$31M
Long-Term Investments	$7.6B
Tax Assets	$0
Other Non-Current Assets	$520M
TOTAL NON-CURRENT ASSETS	$8.8B
TOTAL ASSETS	$9.8B
Account Payables	$0
Short-Term Debt	$717M
Deferred Revenue	$0
Other Current Liabilities	$7.3B
TOTAL CURRENT LIABILITIES	$8.0B
Long-Term Debt	$427M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$143M
TOTAL NON-CURRENT LIABILITIES	$570M
TOTAL LIABILITIES	$8.6B
Common Stock	$1M
Additional Paid-In Capital	$1.2B
Retained Earnings	$33M
Treasury Stock	-$3M
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.8B
Total Debt	$1.1B
Net Debt	$934M