MTB-PJ FY 2012 Earnings Report — M&T Bank Corporation Revenue & Financial Results | Market Cap Arena

M&T Bank CorporationMTB-PJ

FY 2012 Earnings

Reported February 22, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$4.6B	—	$4.4B	—	5.3%
Op. Income	$1.6B	—	$1.2B	—	26.8%
Gross Margin	88.2%	—	84.7%	—	3.5pp
Net Margin	22.2%	—	19.5%	—	2.7pp
EPS (Diluted)	$7.54	—	$6.35	—	18.7%
Free Cash Flow	$408M	—	$1.7B	—	-76.0%

Revenue Flow

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$547M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.1B
Operating Expenses	$2.5B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.6B
Interest Income	$2.9B
Interest Expense	$343M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$523M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$39.0K
BOTTOM LINE NET INCOME	$953M
D&A	$205M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$4.6B
Cost of Revenue	$547M
GROSS PROFIT	$4.1B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$1.4B
SG&A Expenses	$1.4B
Other Expenses	$1.1B
Operating Expenses	$2.5B
Cost & Expenses	$3.1B
OPERATING INCOME	$1.6B
Interest Income	$2.9B
Interest Expense	$343M
Other Income/Expenses	$0
INCOME BEFORE TAX	$1.6B
Income Tax Expense	$523M
Net Income from Continuing Ops	$1.0B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.0B
Net Income Deductions	-$39.0K
BOTTOM LINE NET INCOME	$953M
D&A	$205M
EBIT	$1.6B
EBITDA	$1.8B
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$1.0B
Depreciation & Amortization	$205M
Stock-Based Compensation	$0
Deferred Income Tax	$132M
Other Non-Cash Items	$261M
Change in Working Capital	-$1.1B
OPERATING CASH FLOW	$500M
Capital Expenditure	-$92M
Acquisitions (Net)	$0
Purchases of Investments	-$327M
Sales/Maturities of Investments	$2.0B
Other Investing Activities	-$5.7B
NET CASH FROM INVESTING	-$4.1B
Net Debt Issuance	-$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	-$358M
Other Financing Activities	$6.3B
NET CASH FROM FINANCING	$4.1B
FREE CASH FLOW	$408M
Net Change in Cash	$534M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.1B
Short-Term Investments	$4.7B
Net Receivables	$1.5B
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.3B
PP&E (Net)	$595M
Goodwill	$3.5B
Intangible Assets	$116M
Long-Term Investments	$65.5B
Tax Assets	$0
Other Non-Current Assets	$4.9B
TOTAL NON-CURRENT ASSETS	$74.7B
TOTAL ASSETS	$83.0B
Account Payables	$1.5B
Short-Term Debt	$2.5B
Deferred Revenue	$0
Other Current Liabilities	$65.6B
TOTAL CURRENT LIABILITIES	$69.6B
Long-Term Debt	$3.2B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$3.2B
TOTAL LIABILITIES	$72.8B
Common Stock	$68M
Additional Paid-In Capital	$3.0B
Retained Earnings	$6.5B
Treasury Stock	$0
Accum. Other Comp. Income	-$240M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$10.2B
Minority Interest	$0
TOTAL EQUITY	$10.2B
TOTAL LIABILITIES & EQUITY	$83.0B
Total Debt	$5.7B
Net Debt	$3.6B