HBAN FY 2010 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2010 Earnings

Reported February 18, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.2B	—	-0.8%
Op. Income	$352M	—	-$3.7B	—	109.6%
Gross Margin	63.6%	—	10.1%	—	53.5pp
Net Margin	9.8%	—	-96.3%	—	106.1pp
EPS (Diluted)	$0.19	—	$-6.14	—	103.1%
Free Cash Flow	$773M	—	$1.9B	—	-59.7%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$56M
General & Administrative	$897M
SG&A Expenses	$953M
Other Expenses	$721M
Operating Expenses	$1.7B
Cost & Expenses	$2.8B
OPERATING INCOME	$352M
Interest Income	$2.1B
Interest Expense	$527M
Other Income/Expenses	$0
INCOME BEFORE TAX	$352M
Income Tax Expense	$40M
Net Income from Continuing Ops	$312M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$312M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$286M
EBIT	$352M
EBITDA	$638M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$1.2B
GROSS PROFIT	$2.0B
R&D Expenses	$0
Selling & Marketing	$56M
General & Administrative	$897M
SG&A Expenses	$953M
Other Expenses	$721M
Operating Expenses	$1.7B
Cost & Expenses	$2.8B
OPERATING INCOME	$352M
Interest Income	$2.1B
Interest Expense	$527M
Other Income/Expenses	$0
INCOME BEFORE TAX	$352M
Income Tax Expense	$40M
Net Income from Continuing Ops	$312M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$312M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$140M
D&A	$286M
EBIT	$352M
EBITDA	$638M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$312M
Depreciation & Amortization	$286M
Stock-Based Compensation	$0
Deferred Income Tax	$161M
Other Non-Cash Items	-$80M
Change in Working Capital	$161M
OPERATING CASH FLOW	$841M
Capital Expenditure	-$68M
Acquisitions (Net)	$0
Purchases of Investments	-$8.8B
Sales/Maturities of Investments	$7.6B
Other Investing Activities	-$1.5B
NET CASH FROM INVESTING	-$2.8B
Net Debt Issuance	$558M
Common Stock Repurchased	$0
Common Dividends Paid	-$29M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$1.3B
FREE CASH FLOW	$773M
Net Change in Cash	-$673M

Balance Sheet

Item	Amount
Cash & Equivalents	$983M
Short-Term Investments	$700M
Net Receivables	$2.4B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.1B
PP&E (Net)	$492M
Goodwill	$444M
Intangible Assets	$229M
Long-Term Investments	$46.8B
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$49.7B
TOTAL ASSETS	$53.8B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$41.9B
TOTAL CURRENT LIABILITIES	$45.0B
Long-Term Debt	$3.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.8B
TOTAL LIABILITIES	$48.8B
Common Stock	$9M
Additional Paid-In Capital	$7.6B
Retained Earnings	-$2.8B
Treasury Stock	-$9M
Accum. Other Comp. Income	-$197M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$5.0B
Minority Interest	$0
TOTAL EQUITY	$5.0B
TOTAL LIABILITIES & EQUITY	$53.8B
Total Debt	$5.9B
Net Debt	$4.9B