FNB FY 2012 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2012 Earnings

Reported February 28, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$560M	—	$506M	—	10.7%
Op. Income	$154M	—	$119M	—	29.5%
Gross Margin	83.9%	—	78.6%	—	5.3pp
Net Margin	19.7%	—	17.2%	—	2.5pp
EPS (Diluted)	$0.79	—	$0.70	—	12.9%
Free Cash Flow	$531M	—	$272M	—	95.0%

Revenue Flow

Item	Amount
REVENUE	$560M
Cost of Revenue	$90M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$188M
SG&A Expenses	$193M
Other Expenses	$122M
Operating Expenses	$315M
Cost & Expenses	$406M
OPERATING INCOME	$154M
Interest Income	$432M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$44M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$32M
EBIT	$154M
EBITDA	$186M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$560M
Cost of Revenue	$90M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$5M
General & Administrative	$188M
SG&A Expenses	$193M
Other Expenses	$122M
Operating Expenses	$315M
Cost & Expenses	$406M
OPERATING INCOME	$154M
Interest Income	$432M
Interest Expense	$59M
Other Income/Expenses	$0
INCOME BEFORE TAX	$154M
Income Tax Expense	$44M
Net Income from Continuing Ops	$110M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$110M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$110M
D&A	$32M
EBIT	$154M
EBITDA	$186M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$110M
Depreciation & Amortization	$32M
Stock-Based Compensation	$0
Deferred Income Tax	$29M
Other Non-Cash Items	$53M
Change in Working Capital	$320M
OPERATING CASH FLOW	$544M
Capital Expenditure	-$13M
Acquisitions (Net)	$204M
Purchases of Investments	-$1.5B
Sales/Maturities of Investments	$880M
Other Investing Activities	-$414M
NET CASH FROM INVESTING	-$794M
Net Debt Issuance	$62M
Common Stock Repurchased	$0
Common Dividends Paid	-$68M
Other Financing Activities	$277M
NET CASH FROM FINANCING	$280M
FREE CASH FLOW	$531M
Net Change in Cash	$30M

Balance Sheet

Item	Amount
Cash & Equivalents	$239M
Short-Term Investments	$1.2B
Net Receivables	$130M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$140M
Goodwill	$676M
Intangible Assets	$38M
Long-Term Investments	$9.0B
Tax Assets	$0
Other Non-Current Assets	$591M
TOTAL NON-CURRENT ASSETS	$10.5B
TOTAL ASSETS	$12.0B
Account Payables	$0
Short-Term Debt	$948M
Deferred Revenue	$0
Other Current Liabilities	$9.1B
TOTAL CURRENT LIABILITIES	$10.0B
Long-Term Debt	$429M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$163M
TOTAL NON-CURRENT LIABILITIES	$592M
TOTAL LIABILITIES	$10.6B
Common Stock	$1M
Additional Paid-In Capital	$1.4B
Retained Earnings	$75M
Treasury Stock	-$5M
Accum. Other Comp. Income	-$46M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.4B
Minority Interest	$0
TOTAL EQUITY	$1.4B
TOTAL LIABILITIES & EQUITY	$12.0B
Total Debt	$1.4B
Net Debt	$1.1B