NWBI FY 2012 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2012 Earnings

Reported March 1, 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	$397M	—	$418M	—	-5.2%
Op. Income	$90M	—	$91M	—	-1.5%
Gross Margin	74.4%	—	69.6%	—	4.8pp
Net Margin	16.0%	—	15.3%	—	0.6pp
EPS (Diluted)	$0.68	—	$0.64	—	6.3%
Free Cash Flow	$109M	—	$106M	—	2.4%

Revenue Flow

Item	Amount
REVENUE	$397M
Cost of Revenue	$102M
GROSS PROFIT	$295M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$131M
SG&A Expenses	$138M
Other Expenses	$67M
Operating Expenses	$205M
Cost & Expenses	$307M
OPERATING INCOME	$90M
Interest Income	$338M
Interest Expense	$75M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$26M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$9M
EBIT	$90M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$397M
Cost of Revenue	$102M
GROSS PROFIT	$295M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$131M
SG&A Expenses	$138M
Other Expenses	$67M
Operating Expenses	$205M
Cost & Expenses	$307M
OPERATING INCOME	$90M
Interest Income	$338M
Interest Expense	$75M
Other Income/Expenses	$0
INCOME BEFORE TAX	$90M
Income Tax Expense	$26M
Net Income from Continuing Ops	$63M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$63M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$64M
D&A	$9M
EBIT	$90M
EBITDA	$99M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$63M
Depreciation & Amortization	$9M
Stock-Based Compensation	$5M
Deferred Income Tax	$3M
Other Non-Cash Items	$16M
Change in Working Capital	$30M
OPERATING CASH FLOW	$127M
Capital Expenditure	-$18M
Acquisitions (Net)	-$4M
Purchases of Investments	-$509M
Sales/Maturities of Investments	$418M
Other Investing Activities	-$160M
NET CASH FROM INVESTING	-$273M
Net Debt Issuance	$32M
Common Stock Repurchased	-$52M
Common Dividends Paid	-$57M
Other Financing Activities	-$13M
NET CASH FROM FINANCING	-$90M
FREE CASH FLOW	$109M
Net Change in Cash	-$237M

Balance Sheet

Item	Amount
Cash & Equivalents	$451M
Short-Term Investments	$1.1B
Net Receivables	$23M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.6B
PP&E (Net)	$139M
Goodwill	$174M
Intangible Assets	$4M
Long-Term Investments	$5.8B
Tax Assets	$0
Other Non-Current Assets	$288M
TOTAL NON-CURRENT ASSETS	$6.4B
TOTAL ASSETS	$7.9B
Account Payables	$888.0K
Short-Term Debt	$165M
Deferred Revenue	$0
Other Current Liabilities	$5.8B
TOTAL CURRENT LIABILITIES	$5.9B
Long-Term Debt	$963M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$79M
TOTAL NON-CURRENT LIABILITIES	$884M
TOTAL LIABILITIES	$6.8B
Common Stock	$937.0K
Additional Paid-In Capital	$613M
Retained Earnings	$550M
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	-$25M
TOTAL STOCKHOLDERS' EQUITY	$1.1B
Minority Interest	$0
TOTAL EQUITY	$1.1B
TOTAL LIABILITIES & EQUITY	$7.9B
Total Debt	$1.1B
Net Debt	$677M