FNB FY 2018 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2018 Earnings

Reported February 26, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.2B	—	17.4%
Op. Income	$452M	—	$356M	—	27.0%
Gross Margin	79.3%	—	84.2%	—	-4.8pp
Net Margin	25.8%	—	16.2%	—	9.6pp
EPS (Diluted)	$1.12	—	$0.63	—	77.8%
Free Cash Flow	$576M	—	$222M	—	159.5%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$299M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$403M
SG&A Expenses	$403M
Other Expenses	$292M
Operating Expenses	$695M
Cost & Expenses	$994M
OPERATING INCOME	$452M
Interest Income	$1.2B
Interest Expense	$238M
Other Income/Expenses	$0
INCOME BEFORE TAX	$452M
Income Tax Expense	$79M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$365M
D&A	$109M
EBIT	$452M
EBITDA	$561M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$299M
GROSS PROFIT	$1.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$403M
SG&A Expenses	$403M
Other Expenses	$292M
Operating Expenses	$695M
Cost & Expenses	$994M
OPERATING INCOME	$452M
Interest Income	$1.2B
Interest Expense	$238M
Other Income/Expenses	$0
INCOME BEFORE TAX	$452M
Income Tax Expense	$79M
Net Income from Continuing Ops	$373M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$373M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$365M
D&A	$109M
EBIT	$452M
EBITDA	$561M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$373M
Depreciation & Amortization	$109M
Stock-Based Compensation	$0
Deferred Income Tax	$33M
Other Non-Cash Items	$105M
Change in Working Capital	-$9M
OPERATING CASH FLOW	$611M
Capital Expenditure	-$35M
Acquisitions (Net)	$134M
Purchases of Investments	-$1.6B
Sales/Maturities of Investments	$962M
Other Investing Activities	-$1.4B
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$410M
Common Stock Repurchased	$0
Common Dividends Paid	-$157M
Other Financing Activities	$1.1B
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$576M
Net Change in Cash	$9M

Balance Sheet

Item	Amount
Cash & Equivalents	$488M
Short-Term Investments	$3.3B
Net Receivables	$373M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.2B
PP&E (Net)	$330M
Goodwill	$2.3B
Intangible Assets	$79M
Long-Term Investments	$24.9B
Tax Assets	$0
Other Non-Current Assets	$1.4B
TOTAL NON-CURRENT ASSETS	$28.9B
TOTAL ASSETS	$33.1B
Account Payables	$0
Short-Term Debt	$4.0B
Deferred Revenue	$0
Other Current Liabilities	$23.5B
TOTAL CURRENT LIABILITIES	$27.5B
Long-Term Debt	$740M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$283M
TOTAL NON-CURRENT LIABILITIES	$1.0B
TOTAL LIABILITIES	$28.5B
Common Stock	$3M
Additional Paid-In Capital	$4.0B
Retained Earnings	$576M
Treasury Stock	-$21M
Accum. Other Comp. Income	-$106M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.6B
Minority Interest	$0
TOTAL EQUITY	$4.6B
TOTAL LIABILITIES & EQUITY	$33.1B
Total Debt	$4.8B
Net Debt	$4.3B