HBAN FY 2018 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2018 Earnings

Reported February 15, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$5.3B	—	$4.7B	—	11.2%
Op. Income	$1.6B	—	$1.4B	—	16.8%
Gross Margin	81.1%	—	86.7%	—	-5.5pp
Net Margin	26.4%	—	25.0%	—	1.4pp
EPS (Diluted)	$1.20	—	$1.00	—	20.0%
Free Cash Flow	$1.6B	—	$1.8B	—	-8.2%

Revenue Flow

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$995M
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$53M
General & Administrative	$1.6B
SG&A Expenses	$1.7B
Other Expenses	$972M
Operating Expenses	$2.6B
Cost & Expenses	$3.6B
OPERATING INCOME	$1.6B
Interest Income	$3.9B
Interest Expense	$760M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$235M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$493M
EBIT	$1.6B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.3B
Cost of Revenue	$995M
GROSS PROFIT	$4.3B
R&D Expenses	$0
Selling & Marketing	$53M
General & Administrative	$1.6B
SG&A Expenses	$1.7B
Other Expenses	$972M
Operating Expenses	$2.6B
Cost & Expenses	$3.6B
OPERATING INCOME	$1.6B
Interest Income	$3.9B
Interest Expense	$760M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$235M
Net Income from Continuing Ops	$1.4B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.4B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$493M
EBIT	$1.6B
EBITDA	$2.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$493M
Stock-Based Compensation	$78M
Deferred Income Tax	$63M
Other Non-Cash Items	$224M
Change in Working Capital	-$525M
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$110M
Acquisitions (Net)	-$15M
Purchases of Investments	-$2.8B
Sales/Maturities of Investments	$4.3B
Other Investing Activities	-$5.0B
NET CASH FROM INVESTING	-$3.7B
Net Debt Issuance	-$3.6B
Common Stock Repurchased	-$939M
Common Dividends Paid	-$514M
Other Financing Activities	$7.7B
NET CASH FROM FINANCING	$3.1B
FREE CASH FLOW	$1.6B
Net Change in Cash	$1.2B

Balance Sheet

Item	Amount
Cash & Equivalents	$2.7B
Short-Term Investments	$185M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.9B
PP&E (Net)	$790M
Goodwill	$2.0B
Intangible Assets	$535M
Long-Term Investments	$97.1B
Tax Assets	$0
Other Non-Current Assets	$5.4B
TOTAL NON-CURRENT ASSETS	$105.9B
TOTAL ASSETS	$108.8B
Account Payables	$0
Short-Term Debt	$2.0B
Deferred Revenue	$0
Other Current Liabilities	$84.8B
TOTAL CURRENT LIABILITIES	$86.8B
Long-Term Debt	$8.6B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.3B
TOTAL NON-CURRENT LIABILITIES	$10.9B
TOTAL LIABILITIES	$97.7B
Common Stock	$11M
Additional Paid-In Capital	$9.2B
Retained Earnings	$1.4B
Treasury Stock	-$45M
Accum. Other Comp. Income	-$609M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.1B
Minority Interest	$0
TOTAL EQUITY	$11.1B
TOTAL LIABILITIES & EQUITY	$108.8B
Total Debt	$10.6B
Net Debt	$7.9B