NWBI FY 2010 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2010 Earnings

Reported March 1, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$433M	—	$420M	—	2.9%
Op. Income	$81M	—	$40M	—	104.4%
Gross Margin	64.5%	—	57.7%	—	6.8pp
Net Margin	13.3%	—	7.8%	—	5.5pp
EPS (Diluted)	$0.53	—	$0.30	—	76.7%
Free Cash Flow	$54M	—	$58M	—	-6.2%

Revenue Flow

Item	Amount
REVENUE	$433M
Cost of Revenue	$153M
GROSS PROFIT	$279M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$147M
SG&A Expenses	$157M
Other Expenses	$41M
Operating Expenses	$198M
Cost & Expenses	$351M
OPERATING INCOME	$81M
Interest Income	$371M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	$24M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$15M
EBIT	$81M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$433M
Cost of Revenue	$153M
GROSS PROFIT	$279M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$147M
SG&A Expenses	$157M
Other Expenses	$41M
Operating Expenses	$198M
Cost & Expenses	$351M
OPERATING INCOME	$81M
Interest Income	$371M
Interest Expense	$113M
Other Income/Expenses	$0
INCOME BEFORE TAX	$81M
Income Tax Expense	$24M
Net Income from Continuing Ops	$58M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$58M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$58M
D&A	$15M
EBIT	$81M
EBITDA	$96M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$58M
Depreciation & Amortization	$15M
Stock-Based Compensation	$0
Deferred Income Tax	$431.0K
Other Non-Cash Items	-$8M
Change in Working Capital	$6M
OPERATING CASH FLOW	$70M
Capital Expenditure	-$16M
Acquisitions (Net)	$0
Purchases of Investments	-$783M
Sales/Maturities of Investments	$539M
Other Investing Activities	-$269M
NET CASH FROM INVESTING	-$528M
Net Debt Issuance	-$6M
Common Stock Repurchased	-$24M
Common Dividends Paid	-$43M
Other Financing Activities	$142M
NET CASH FROM FINANCING	$69M
FREE CASH FLOW	$54M
Net Change in Cash	-$389M

Balance Sheet

Item	Amount
Cash & Equivalents	$718M
Short-Term Investments	$0
Net Receivables	$26M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$745M
PP&E (Net)	$128M
Goodwill	$172M
Intangible Assets	$4M
Long-Term Investments	$6.8B
Tax Assets	$0
Other Non-Current Assets	$334M
TOTAL NON-CURRENT ASSETS	$7.4B
TOTAL ASSETS	$8.1B
Account Payables	$2M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.8B
Long-Term Debt	$994M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$80M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$6.8B
Common Stock	$1M
Additional Paid-In Capital	$824M
Retained Earnings	$523M
Treasury Stock	$0
Accum. Other Comp. Income	-$13M
Other Equity	-$27M
TOTAL STOCKHOLDERS' EQUITY	$1.3B
Minority Interest	$0
TOTAL EQUITY	$1.3B
TOTAL LIABILITIES & EQUITY	$8.1B
Total Debt	$994M
Net Debt	$276M