HBAN FY 2019 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2019 Earnings

Reported February 14, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$5.7B	—	$5.3B	—	7.3%
Op. Income	$1.7B	—	$1.6B	—	1.9%
Gross Margin	77.5%	—	81.1%	—	-3.7pp
Net Margin	25.0%	—	26.4%	—	-1.5pp
EPS (Diluted)	$1.27	—	$1.20	—	5.8%
Free Cash Flow	$1.5B	—	$1.6B	—	-9.2%

Revenue Flow

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$996M
Operating Expenses	$2.7B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.7B
Interest Income	$4.2B
Interest Expense	$988M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$248M
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	$386M
EBIT	$1.7B
EBITDA	$2.0B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.7B
Cost of Revenue	$1.3B
GROSS PROFIT	$4.4B
R&D Expenses	$0
Selling & Marketing	$37M
General & Administrative	$1.7B
SG&A Expenses	$1.7B
Other Expenses	$996M
Operating Expenses	$2.7B
Cost & Expenses	$4.0B
OPERATING INCOME	$1.7B
Interest Income	$4.2B
Interest Expense	$988M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.7B
Income Tax Expense	$248M
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	$386M
EBIT	$1.7B
EBITDA	$2.0B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.4B
Depreciation & Amortization	$386M
Stock-Based Compensation	$83M
Deferred Income Tax	$23M
Other Non-Cash Items	$316M
Change in Working Capital	-$645M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$107M
Acquisitions (Net)	-$548M
Purchases of Investments	-$7.6B
Sales/Maturities of Investments	$7.0B
Other Investing Activities	-$715M
NET CASH FROM INVESTING	-$1.9B
Net Debt Issuance	$1.6B
Common Stock Repurchased	-$441M
Common Dividends Paid	-$597M
Other Financing Activities	-$1.7B
NET CASH FROM FINANCING	-$1.2B
FREE CASH FLOW	$1.5B
Net Change in Cash	-$1.5B

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$229M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.5B
PP&E (Net)	$763M
Goodwill	$2.0B
Intangible Assets	$475M
Long-Term Investments	$98.5B
Tax Assets	$0
Other Non-Current Assets	$5.7B
TOTAL NON-CURRENT ASSETS	$107.5B
TOTAL ASSETS	$109.0B
Account Payables	$0
Short-Term Debt	$2.6B
Deferred Revenue	$0
Other Current Liabilities	$82.3B
TOTAL CURRENT LIABILITIES	$85.0B
Long-Term Debt	$9.8B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.4B
TOTAL NON-CURRENT LIABILITIES	$12.3B
TOTAL LIABILITIES	$97.2B
Common Stock	$10M
Additional Paid-In Capital	$8.8B
Retained Earnings	$2.1B
Treasury Stock	-$56M
Accum. Other Comp. Income	-$256M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$11.8B
Minority Interest	$0
TOTAL EQUITY	$11.8B
TOTAL LIABILITIES & EQUITY	$109.0B
Total Debt	$12.5B
Net Debt	$11.2B