HBAN FY 2013 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2013 Earnings

Reported February 14, 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	$2.9B	—	$3.0B	—	-5.4%
Op. Income	$869M	—	$834M	—	4.2%
Gross Margin	91.4%	—	87.9%	—	3.5pp
Net Margin	22.3%	—	20.8%	—	1.5pp
EPS (Diluted)	$0.72	—	$0.71	—	1.4%
Free Cash Flow	$911M	—	$872M	—	4.4%

Revenue Flow

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$246M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$621M
Operating Expenses	$1.8B
Cost & Expenses	$2.0B
OPERATING INCOME	$869M
Interest Income	$1.9B
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$869M
Income Tax Expense	$227M
Net Income from Continuing Ops	$641M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$641M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$609M
D&A	$282M
EBIT	$869M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$2.9B
Cost of Revenue	$246M
GROSS PROFIT	$2.6B
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$621M
Operating Expenses	$1.8B
Cost & Expenses	$2.0B
OPERATING INCOME	$869M
Interest Income	$1.9B
Interest Expense	$156M
Other Income/Expenses	$0
INCOME BEFORE TAX	$869M
Income Tax Expense	$227M
Net Income from Continuing Ops	$641M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$641M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$609M
D&A	$282M
EBIT	$869M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$641M
Depreciation & Amortization	$282M
Stock-Based Compensation	$37M
Deferred Income Tax	$0
Other Non-Cash Items	$90M
Change in Working Capital	-$36M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$102M
Acquisitions (Net)	$0
Purchases of Investments	-$3.5B
Sales/Maturities of Investments	$2.1B
Other Investing Activities	-$2.7B
NET CASH FROM INVESTING	-$4.2B
Net Debt Issuance	$2.0B
Common Stock Repurchased	-$125M
Common Dividends Paid	-$151M
Other Financing Activities	$1.3B
NET CASH FROM FINANCING	$3.0B
FREE CASH FLOW	$911M
Net Change in Cash	-$262M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.1B
Short-Term Investments	$601M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.3B
PP&E (Net)	$635M
Goodwill	$444M
Intangible Assets	$93M
Long-Term Investments	$53.3B
Tax Assets	$0
Other Non-Current Assets	$1.7B
TOTAL NON-CURRENT ASSETS	$56.2B
TOTAL ASSETS	$59.5B
Account Payables	$0
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$47.5B
TOTAL CURRENT LIABILITIES	$50.9B
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$2.5B
TOTAL LIABILITIES	$53.4B
Common Stock	$8M
Additional Paid-In Capital	$7.4B
Retained Earnings	-$1.5B
Treasury Stock	-$10M
Accum. Other Comp. Income	-$214M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.1B
Minority Interest	$0
TOTAL EQUITY	$6.1B
TOTAL LIABILITIES & EQUITY	$59.5B
Total Debt	$4.8B
Net Debt	$3.8B