FNB FY 2019 Earnings Report — F.N.B. Corporation Revenue & Financial Results | Market Cap Arena

F.N.B. CorporationFNB

FY 2019 Earnings

Reported February 27, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.4B	—	6.6%
Op. Income	$471M	—	$452M	—	4.2%
Gross Margin	75.7%	—	79.3%	—	-3.6pp
Net Margin	25.1%	—	25.8%	—	-0.7pp
EPS (Diluted)	$1.16	—	$1.12	—	3.6%
Free Cash Flow	$213M	—	$576M	—	-63.0%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$374M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$398M
SG&A Expenses	$411M
Other Expenses	$285M
Operating Expenses	$696M
Cost & Expenses	$1.1B
OPERATING INCOME	$471M
Interest Income	$1.2B
Interest Expense	$330M
Other Income/Expenses	$0
INCOME BEFORE TAX	$471M
Income Tax Expense	$84M
Net Income from Continuing Ops	$387M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$387M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$379M
D&A	$45M
EBIT	$471M
EBITDA	$516M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$374M
GROSS PROFIT	$1.2B
R&D Expenses	$0
Selling & Marketing	$13M
General & Administrative	$398M
SG&A Expenses	$411M
Other Expenses	$285M
Operating Expenses	$696M
Cost & Expenses	$1.1B
OPERATING INCOME	$471M
Interest Income	$1.2B
Interest Expense	$330M
Other Income/Expenses	$0
INCOME BEFORE TAX	$471M
Income Tax Expense	$84M
Net Income from Continuing Ops	$387M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$387M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$379M
D&A	$45M
EBIT	$471M
EBITDA	$516M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$387M
Depreciation & Amortization	$45M
Stock-Based Compensation	$0
Deferred Income Tax	$33M
Other Non-Cash Items	-$192M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$259M
Capital Expenditure	-$46M
Acquisitions (Net)	$0
Purchases of Investments	-$1.1B
Sales/Maturities of Investments	$1.2B
Other Investing Activities	-$1.2B
NET CASH FROM INVESTING	-$1.1B
Net Debt Issuance	-$198M
Common Stock Repurchased	$0
Common Dividends Paid	-$157M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$983M
FREE CASH FLOW	$213M
Net Change in Cash	$111M

Balance Sheet

Item	Amount
Cash & Equivalents	$599M
Short-Term Investments	$3.3B
Net Receivables	$432M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$333M
Goodwill	$2.3B
Intangible Assets	$67M
Long-Term Investments	$26.0B
Tax Assets	$0
Other Non-Current Assets	$1.6B
TOTAL NON-CURRENT ASSETS	$30.3B
TOTAL ASSETS	$34.6B
Account Payables	$0
Short-Term Debt	$3.1B
Deferred Revenue	$0
Other Current Liabilities	$24.8B
TOTAL CURRENT LIABILITIES	$27.9B
Long-Term Debt	$1.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$390M
TOTAL NON-CURRENT LIABILITIES	$1.8B
TOTAL LIABILITIES	$29.7B
Common Stock	$3M
Additional Paid-In Capital	$4.1B
Retained Earnings	$798M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$65M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$4.9B
Minority Interest	$0
TOTAL EQUITY	$4.9B
TOTAL LIABILITIES & EQUITY	$34.6B
Total Debt	$4.6B
Net Debt	$4.0B