HBAN FY 2015 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2015 Earnings

Reported February 17, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$3.2B	—	$3.0B	—	6.6%
Op. Income	$914M	—	$853M	—	7.2%
Gross Margin	91.6%	—	92.5%	—	-0.9pp
Net Margin	22.0%	—	21.4%	—	0.6pp
EPS (Diluted)	$0.81	—	$0.72	—	12.5%
Free Cash Flow	$940M	—	$829M	—	13.4%

Revenue Flow

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$264M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$52M
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$754M
Operating Expenses	$2.0B
Cost & Expenses	$2.2B
OPERATING INCOME	$914M
Interest Income	$2.1B
Interest Expense	$164M
Other Income/Expenses	$0
INCOME BEFORE TAX	$914M
Income Tax Expense	$221M
Net Income from Continuing Ops	$693M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$693M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$661M
D&A	$341M
EBIT	$914M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.2B
Cost of Revenue	$264M
GROSS PROFIT	$2.9B
R&D Expenses	$0
Selling & Marketing	$52M
General & Administrative	$1.2B
SG&A Expenses	$1.2B
Other Expenses	$754M
Operating Expenses	$2.0B
Cost & Expenses	$2.2B
OPERATING INCOME	$914M
Interest Income	$2.1B
Interest Expense	$164M
Other Income/Expenses	$0
INCOME BEFORE TAX	$914M
Income Tax Expense	$221M
Net Income from Continuing Ops	$693M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$693M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$661M
D&A	$341M
EBIT	$914M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$693M
Depreciation & Amortization	$341M
Stock-Based Compensation	$51M
Deferred Income Tax	$69M
Other Non-Cash Items	$99M
Change in Working Capital	-$220M
OPERATING CASH FLOW	$1.0B
Capital Expenditure	-$93M
Acquisitions (Net)	-$458M
Purchases of Investments	-$4.9B
Sales/Maturities of Investments	$2.7B
Other Investing Activities	-$2.2B
NET CASH FROM INVESTING	-$4.9B
Net Debt Issuance	$376M
Common Stock Repurchased	-$252M
Common Dividends Paid	-$193M
Other Financing Activities	$3.6B
NET CASH FROM FINANCING	$3.5B
FREE CASH FLOW	$940M
Net Change in Cash	-$374M

Balance Sheet

Item	Amount
Cash & Equivalents	$899M
Short-Term Investments	$677M
Net Receivables	$1.6B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$3.2B
PP&E (Net)	$621M
Goodwill	$677M
Intangible Assets	$244M
Long-Term Investments	$64.5B
Tax Assets	$0
Other Non-Current Assets	$1.8B
TOTAL NON-CURRENT ASSETS	$67.8B
TOTAL ASSETS	$71.0B
Account Payables	$0
Short-Term Debt	$615M
Deferred Revenue	$0
Other Current Liabilities	$55.3B
TOTAL CURRENT LIABILITIES	$57.4B
Long-Term Debt	$7.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$7.0B
TOTAL LIABILITIES	$64.4B
Common Stock	$8M
Additional Paid-In Capital	$7.0B
Retained Earnings	-$594M
Treasury Stock	-$18M
Accum. Other Comp. Income	-$226M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$6.6B
Minority Interest	$0
TOTAL EQUITY	$6.6B
TOTAL LIABILITIES & EQUITY	$71.0B
Total Debt	$7.7B
Net Debt	$6.8B