HBAN FY 2016 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2016 Earnings

Reported February 22, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$3.8B	—	$3.2B	—	20.0%
Op. Income	$920M	—	$914M	—	0.7%
Gross Margin	88.0%	—	91.6%	—	-3.6pp
Net Margin	18.8%	—	22.0%	—	-3.2pp
EPS (Diluted)	$0.67	—	$0.81	—	-17.3%
Free Cash Flow	$1.1B	—	$940M	—	16.5%

Revenue Flow

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$454M
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$63M
General & Administrative	$1.4B
SG&A Expenses	$1.5B
Other Expenses	$941M
Operating Expenses	$2.4B
Cost & Expenses	$2.9B
OPERATING INCOME	$920M
Interest Income	$2.6B
Interest Expense	$263M
Other Income/Expenses	$0
INCOME BEFORE TAX	$920M
Income Tax Expense	$208M
Net Income from Continuing Ops	$712M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$712M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$380M
EBIT	$920M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$3.8B
Cost of Revenue	$454M
GROSS PROFIT	$3.3B
R&D Expenses	$0
Selling & Marketing	$63M
General & Administrative	$1.4B
SG&A Expenses	$1.5B
Other Expenses	$941M
Operating Expenses	$2.4B
Cost & Expenses	$2.9B
OPERATING INCOME	$920M
Interest Income	$2.6B
Interest Expense	$263M
Other Income/Expenses	$0
INCOME BEFORE TAX	$920M
Income Tax Expense	$208M
Net Income from Continuing Ops	$712M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$712M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$647M
D&A	$380M
EBIT	$920M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$712M
Depreciation & Amortization	$380M
Stock-Based Compensation	$66M
Deferred Income Tax	$165M
Other Non-Cash Items	$191M
Change in Working Capital	-$299M
OPERATING CASH FLOW	$1.2B
Capital Expenditure	-$120M
Acquisitions (Net)	-$613M
Purchases of Investments	-$11.1B
Sales/Maturities of Investments	$9.7B
Other Investing Activities	-$1.3B
NET CASH FROM INVESTING	-$3.4B
Net Debt Issuance	$2.8B
Common Stock Repurchased	$2.8B
Common Dividends Paid	-$245M
Other Financing Activities	-$271M
NET CASH FROM FINANCING	$2.8B
FREE CASH FLOW	$1.1B
Net Change in Cash	$538M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$786M
Net Receivables	$2.1B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$4.3B
PP&E (Net)	$816M
Goodwill	$2.0B
Intangible Assets	$628M
Long-Term Investments	$89.4B
Tax Assets	$0
Other Non-Current Assets	$2.6B
TOTAL NON-CURRENT ASSETS	$95.4B
TOTAL ASSETS	$99.7B
Account Payables	$0
Short-Term Debt	$3.7B
Deferred Revenue	$0
Other Current Liabilities	$75.6B
TOTAL CURRENT LIABILITIES	$81.1B
Long-Term Debt	$8.3B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$8.3B
TOTAL LIABILITIES	$89.4B
Common Stock	$11M
Additional Paid-In Capital	$9.9B
Retained Earnings	-$227M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$401M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.3B
Minority Interest	$0
TOTAL EQUITY	$10.3B
TOTAL LIABILITIES & EQUITY	$99.7B
Total Debt	$12.0B
Net Debt	$10.6B