HBAN FY 2014 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2014 Earnings

Reported February 13, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$3.0B	—	$2.9B	—	2.9%
Op. Income	$853M	—	$869M	—	-1.8%
Gross Margin	92.5%	—	91.4%	—	1.1pp
Net Margin	21.4%	—	22.3%	—	-0.9pp
EPS (Diluted)	$0.72	—	$0.72	—	0.0%
Free Cash Flow	$829M	—	$911M	—	-9.0%

Revenue Flow

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$220M
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$734M
Operating Expenses	$1.9B
Cost & Expenses	$2.1B
OPERATING INCOME	$853M
Interest Income	$2.0B
Interest Expense	$139M
Other Income/Expenses	$0
INCOME BEFORE TAX	$853M
Income Tax Expense	$221M
Net Income from Continuing Ops	$632M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$632M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$601M
D&A	$333M
EBIT	$853M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.0B
Cost of Revenue	$220M
GROSS PROFIT	$2.7B
R&D Expenses	$0
Selling & Marketing	$51M
General & Administrative	$1.1B
SG&A Expenses	$1.1B
Other Expenses	$734M
Operating Expenses	$1.9B
Cost & Expenses	$2.1B
OPERATING INCOME	$853M
Interest Income	$2.0B
Interest Expense	$139M
Other Income/Expenses	$0
INCOME BEFORE TAX	$853M
Income Tax Expense	$221M
Net Income from Continuing Ops	$632M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$632M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$601M
D&A	$333M
EBIT	$853M
EBITDA	$1.2B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$632M
Depreciation & Amortization	$333M
Stock-Based Compensation	$44M
Deferred Income Tax	$35M
Other Non-Cash Items	$66M
Change in Working Capital	-$222M
OPERATING CASH FLOW	$889M
Capital Expenditure	-$60M
Acquisitions (Net)	$692M
Purchases of Investments	-$4.6B
Sales/Maturities of Investments	$3.1B
Other Investing Activities	-$4.2B
NET CASH FROM INVESTING	-$5.0B
Net Debt Issuance	$1.9B
Common Stock Repurchased	-$334M
Common Dividends Paid	-$167M
Other Financing Activities	$2.9B
NET CASH FROM FINANCING	$4.3B
FREE CASH FLOW	$829M
Net Change in Cash	$219M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$704M
Net Receivables	$1.8B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.8B
PP&E (Net)	$616M
Goodwill	$523M
Intangible Assets	$75M
Long-Term Investments	$59.5B
Tax Assets	$0
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$62.5B
TOTAL ASSETS	$66.3B
Account Payables	$0
Short-Term Debt	$2.4B
Deferred Revenue	$0
Other Current Liabilities	$51.7B
TOTAL CURRENT LIABILITIES	$55.6B
Long-Term Debt	$4.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$4.3B
TOTAL LIABILITIES	$60.0B
Common Stock	$8M
Additional Paid-In Capital	$7.2B
Retained Earnings	-$1.1B
Treasury Stock	-$13M
Accum. Other Comp. Income	-$222M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.3B
Minority Interest	$0
TOTAL EQUITY	$6.3B
TOTAL LIABILITIES & EQUITY	$66.3B
Total Debt	$6.7B
Net Debt	$5.4B