HBAN FY 2020 Earnings Report — Huntington Bancshares Incorporated Revenue & Financial Results | Market Cap Arena

Huntington Bancshares IncorporatedHBAN

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$5.2B	—	$5.7B	—	-7.4%
Op. Income	$972M	—	$1.7B	—	-41.4%
Gross Margin	71.9%	—	77.5%	—	-5.5pp
Net Margin	15.6%	—	25.0%	—	-9.4pp
EPS (Diluted)	$0.69	—	$1.27	—	-45.7%
Free Cash Flow	$1.2B	—	$1.5B	—	-17.9%

Revenue Flow

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$38M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$1.0B
Operating Expenses	$2.8B
Cost & Expenses	$4.3B
OPERATING INCOME	$972M
Interest Income	$3.6B
Interest Expense	$423M
Other Income/Expenses	$0
INCOME BEFORE TAX	$972M
Income Tax Expense	$155M
Net Income from Continuing Ops	$817M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$817M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$717M
D&A	$367M
EBIT	$972M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$5.2B
Cost of Revenue	$1.5B
GROSS PROFIT	$3.8B
R&D Expenses	$0
Selling & Marketing	$38M
General & Administrative	$1.7B
SG&A Expenses	$1.8B
Other Expenses	$1.0B
Operating Expenses	$2.8B
Cost & Expenses	$4.3B
OPERATING INCOME	$972M
Interest Income	$3.6B
Interest Expense	$423M
Other Income/Expenses	$0
INCOME BEFORE TAX	$972M
Income Tax Expense	$155M
Net Income from Continuing Ops	$817M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$817M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$717M
D&A	$367M
EBIT	$972M
EBITDA	$1.3B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$817M
Depreciation & Amortization	$367M
Stock-Based Compensation	$77M
Deferred Income Tax	-$93M
Other Non-Cash Items	$1.0B
Change in Working Capital	-$891M
OPERATING CASH FLOW	$1.3B
Capital Expenditure	-$119M
Acquisitions (Net)	$0
Purchases of Investments	-$11.2B
Sales/Maturities of Investments	$9.1B
Other Investing Activities	-$6.5B
NET CASH FROM INVESTING	-$8.6B
Net Debt Issuance	-$4.0B
Common Stock Repurchased	-$92M
Common Dividends Paid	-$614M
Other Financing Activities	$16.6B
NET CASH FROM FINANCING	$12.7B
FREE CASH FLOW	$1.2B
Net Change in Cash	$5.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$6.7B
Short-Term Investments	$304M
Net Receivables	$2.2B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$9.2B
PP&E (Net)	$757M
Goodwill	$2.0B
Intangible Assets	$428M
Long-Term Investments	$104.0B
Tax Assets	$0
Other Non-Current Assets	$6.7B
TOTAL NON-CURRENT ASSETS	$113.9B
TOTAL ASSETS	$123.0B
Account Payables	$0
Short-Term Debt	$183M
Deferred Revenue	$0
Other Current Liabilities	$98.9B
TOTAL CURRENT LIABILITIES	$99.1B
Long-Term Debt	$8.4B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$2.6B
TOTAL NON-CURRENT LIABILITIES	$10.9B
TOTAL LIABILITIES	$110.0B
Common Stock	$10M
Additional Paid-In Capital	$8.8B
Retained Earnings	$1.9B
Treasury Stock	-$59M
Accum. Other Comp. Income	$192M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$0
TOTAL EQUITY	$13.0B
TOTAL LIABILITIES & EQUITY	$123.0B
Total Debt	$8.5B
Net Debt	$1.8B