NWBI FY 2007 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2007 Earnings

Reported December 30, 2007

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$439M	—	$415M	—	5.9%
Op. Income	$67M	—	$71M	—	-6.7%
Gross Margin	49.9%	—	51.9%	—	-1.9pp
Net Margin	11.2%	—	12.4%	—	-1.2pp
EPS (Diluted)	$0.44	—	$0.46	—	-4.3%
Free Cash Flow	$57M	—	$58M	—	-0.2%

Revenue Flow

Item	Amount
REVENUE	$439M
Cost of Revenue	$220M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$84M
SG&A Expenses	$88M
Other Expenses	$65M
Operating Expenses	$153M
Cost & Expenses	$373M
OPERATING INCOME	$67M
Interest Income	$396M
Interest Expense	$211M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$17M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$10M
EBIT	$67M
EBITDA	$77M
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$439M
Cost of Revenue	$220M
GROSS PROFIT	$219M
R&D Expenses	$0
Selling & Marketing	$4M
General & Administrative	$84M
SG&A Expenses	$88M
Other Expenses	$65M
Operating Expenses	$153M
Cost & Expenses	$373M
OPERATING INCOME	$67M
Interest Income	$396M
Interest Expense	$211M
Other Income/Expenses	$0
INCOME BEFORE TAX	$67M
Income Tax Expense	$17M
Net Income from Continuing Ops	$49M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$49M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$49M
D&A	$10M
EBIT	$67M
EBITDA	$77M
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$49M
Depreciation & Amortization	$10M
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	$15M
Change in Working Capital	-$11M
OPERATING CASH FLOW	$64M
Capital Expenditure	-$6M
Acquisitions (Net)	-$25M
Purchases of Investments	-$49M
Sales/Maturities of Investments	$459M
Other Investing Activities	-$255M
NET CASH FROM INVESTING	$123M
Net Debt Issuance	-$66M
Common Stock Repurchased	$0
Common Dividends Paid	-$16M
Other Financing Activities	$11M
NET CASH FROM FINANCING	-$110M
FREE CASH FLOW	$57M
Net Change in Cash	$76M

Balance Sheet

Item	Amount
Cash & Equivalents	$229M
Short-Term Investments	$0
Net Receivables	$27M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$256M
PP&E (Net)	$120M
Goodwill	$0
Intangible Assets	$27M
Long-Term Investments	$5.9B
Tax Assets	$0
Other Non-Current Assets	$166M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$6.7B
Account Payables	$4M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.5B
TOTAL CURRENT LIABILITIES	$5.5B
Long-Term Debt	$447M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$57M
TOTAL NON-CURRENT LIABILITIES	$504M
TOTAL LIABILITIES	$6.1B
Common Stock	$5M
Additional Paid-In Capital	$215M
Retained Earnings	$458M
Treasury Stock	-$66M
Accum. Other Comp. Income	$816.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$613M
Minority Interest	$0
TOTAL EQUITY	$613M
TOTAL LIABILITIES & EQUITY	$6.7B
Total Debt	$447M
Net Debt	$218M