FNB FY 2013 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2013 Earnings

Reported February 28, 2014

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2013	Prior Q	FY 2012	QoQ Change	YoY Change
Revenue	$572M	—	$560M	—	2.2%
Op. Income	$163M	—	$154M	—	5.4%
Gross Margin	86.8%	—	83.9%	—	3.0pp
Net Margin	20.6%	—	19.7%	—	0.9pp
EPS (Diluted)	$0.80	—	$0.79	—	1.3%
Free Cash Flow	$331M	—	$531M	—	-37.7%

Revenue Flow

Item	Amount
REVENUE	$572M
Cost of Revenue	$75M
GROSS PROFIT	$497M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$202M
SG&A Expenses	$208M
Other Expenses	$126M
Operating Expenses	$334M
Cost & Expenses	$410M
OPERATING INCOME	$163M
Interest Income	$440M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$45M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$31M
EBIT	$163M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$572M
Cost of Revenue	$75M
GROSS PROFIT	$497M
R&D Expenses	$0
Selling & Marketing	$6M
General & Administrative	$202M
SG&A Expenses	$208M
Other Expenses	$126M
Operating Expenses	$334M
Cost & Expenses	$410M
OPERATING INCOME	$163M
Interest Income	$440M
Interest Expense	$44M
Other Income/Expenses	$0
INCOME BEFORE TAX	$163M
Income Tax Expense	$45M
Net Income from Continuing Ops	$118M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$118M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$118M
D&A	$31M
EBIT	$163M
EBITDA	$193M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$118M
Depreciation & Amortization	$31M
Stock-Based Compensation	$0
Deferred Income Tax	$14M
Other Non-Cash Items	$65M
Change in Working Capital	$118M
OPERATING CASH FLOW	$346M
Capital Expenditure	-$15M
Acquisitions (Net)	$142M
Purchases of Investments	-$748M
Sales/Maturities of Investments	$671M
Other Investing Activities	-$654M
NET CASH FROM INVESTING	-$604M
Net Debt Issuance	-$12M
Common Stock Repurchased	$0
Common Dividends Paid	-$71M
Other Financing Activities	$147M
NET CASH FROM FINANCING	$233M
FREE CASH FLOW	$331M
Net Change in Cash	-$25M

Balance Sheet

Item	Amount
Cash & Equivalents	$214M
Short-Term Investments	$1.1B
Net Receivables	$159M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$154M
Goodwill	$764M
Intangible Assets	$48M
Long-Term Investments	$10.4B
Tax Assets	$0
Other Non-Current Assets	$640M
TOTAL NON-CURRENT ASSETS	$12.0B
TOTAL ASSETS	$13.6B
Account Payables	$0
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$10.2B
TOTAL CURRENT LIABILITIES	$11.3B
Long-Term Debt	$349M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$130M
TOTAL NON-CURRENT LIABILITIES	$479M
TOTAL LIABILITIES	$11.8B
Common Stock	$2M
Additional Paid-In Capital	$1.6B
Retained Earnings	$122M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$57M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$0
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$13.6B
Total Debt	$1.5B
Net Debt	$1.2B