HBAN FY 2017 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2017 Earnings

Reported February 16, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$4.7B	—	$3.8B	—	25.3%
Op. Income	$1.4B	—	$920M	—	51.5%
Gross Margin	86.7%	—	88.0%	—	-1.3pp
Net Margin	25.0%	—	18.8%	—	6.2pp
EPS (Diluted)	$1.00	—	$0.67	—	49.3%
Free Cash Flow	$1.8B	—	$1.1B	—	60.7%

Revenue Flow

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$632M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$1.6B
SG&A Expenses	$1.7B
Other Expenses	$1.1B
Operating Expenses	$2.7B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.4B
Interest Income	$3.4B
Interest Expense	$431M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$208M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	-$31M
BOTTOM LINE NET INCOME	$1.1B
D&A	$413M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$4.7B
Cost of Revenue	$632M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$60M
General & Administrative	$1.6B
SG&A Expenses	$1.7B
Other Expenses	$1.1B
Operating Expenses	$2.7B
Cost & Expenses	$3.3B
OPERATING INCOME	$1.4B
Interest Income	$3.4B
Interest Expense	$431M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.4B
Income Tax Expense	$208M
Net Income from Continuing Ops	$1.2B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.2B
Net Income Deductions	-$31M
BOTTOM LINE NET INCOME	$1.1B
D&A	$413M
EBIT	$1.4B
EBITDA	$1.8B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.2B
Depreciation & Amortization	$413M
Stock-Based Compensation	$92M
Deferred Income Tax	$168M
Other Non-Cash Items	$223M
Change in Working Capital	-$128M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$194M
Acquisitions (Net)	$0
Purchases of Investments	-$6.8B
Sales/Maturities of Investments	$5.5B
Other Investing Activities	-$3.4B
NET CASH FROM INVESTING	-$4.9B
Net Debt Issuance	$2.3B
Common Stock Repurchased	-$260M
Common Dividends Paid	-$349M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$3.0B
FREE CASH FLOW	$1.8B
Net Change in Cash	$135M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.6B
Short-Term Investments	$14.9B
Net Receivables	$2.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$18.7B
PP&E (Net)	$864M
Goodwill	$2.0B
Intangible Assets	$584M
Long-Term Investments	$79.0B
Tax Assets	$0
Other Non-Current Assets	$3.1B
TOTAL NON-CURRENT ASSETS	$85.6B
TOTAL ASSETS	$104.2B
Account Payables	$0
Short-Term Debt	$5.1B
Deferred Revenue	$0
Other Current Liabilities	$77.0B
TOTAL CURRENT LIABILITIES	$84.2B
Long-Term Debt	$9.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$9.2B
TOTAL LIABILITIES	$93.4B
Common Stock	$11M
Additional Paid-In Capital	$9.7B
Retained Earnings	$588M
Treasury Stock	-$35M
Accum. Other Comp. Income	-$528M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.8B
Minority Interest	$0
TOTAL EQUITY	$10.8B
TOTAL LIABILITIES & EQUITY	$104.2B
Total Debt	$14.3B
Net Debt	$12.7B