NWBI FY 2015 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2015 Earnings

Reported February 29, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$385M	—	$373M	—	3.2%
Op. Income	$89M	—	$84M	—	5.7%
Gross Margin	82.9%	—	79.4%	—	3.5pp
Net Margin	15.7%	—	16.6%	—	-0.9pp
EPS (Diluted)	$0.64	—	$0.67	—	-4.5%
Free Cash Flow	$100M	—	$81M	—	24.0%

Revenue Flow

Item	Amount
REVENUE	$385M
Cost of Revenue	$66M
GROSS PROFIT	$319M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$137M
SG&A Expenses	$146M
Other Expenses	$85M
Operating Expenses	$231M
Cost & Expenses	$297M
OPERATING INCOME	$89M
Interest Income	$317M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$28M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$9M
EBIT	$89M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$385M
Cost of Revenue	$66M
GROSS PROFIT	$319M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$137M
SG&A Expenses	$146M
Other Expenses	$85M
Operating Expenses	$231M
Cost & Expenses	$297M
OPERATING INCOME	$89M
Interest Income	$317M
Interest Expense	$56M
Other Income/Expenses	$0
INCOME BEFORE TAX	$89M
Income Tax Expense	$28M
Net Income from Continuing Ops	$61M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$61M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$61M
D&A	$9M
EBIT	$89M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$61M
Depreciation & Amortization	$9M
Stock-Based Compensation	$6M
Deferred Income Tax	$6M
Other Non-Cash Items	$13M
Change in Working Capital	$19M
OPERATING CASH FLOW	$113M
Capital Expenditure	-$13M
Acquisitions (Net)	-$61M
Purchases of Investments	-$60M
Sales/Maturities of Investments	$354M
Other Investing Activities	-$308M
NET CASH FROM INVESTING	-$89M
Net Debt Issuance	$16M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$53M
Other Financing Activities	-$53M
NET CASH FROM FINANCING	-$98M
FREE CASH FLOW	$100M
Net Change in Cash	-$73M

Balance Sheet

Item	Amount
Cash & Equivalents	$167M
Short-Term Investments	$874M
Net Receivables	$21M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.1B
PP&E (Net)	$154M
Goodwill	$262M
Intangible Assets	$9M
Long-Term Investments	$7.2B
Tax Assets	$0
Other Non-Current Assets	$273M
TOTAL NON-CURRENT ASSETS	$7.9B
TOTAL ASSETS	$9.0B
Account Payables	$2M
Short-Term Debt	$119M
Deferred Revenue	$0
Other Current Liabilities	$6.6B
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$968M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$88M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$7.8B
Common Stock	$1M
Additional Paid-In Capital	$718M
Retained Earnings	$489M
Treasury Stock	$0
Accum. Other Comp. Income	-$25M
Other Equity	-$20M
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.0B
Total Debt	$1.1B
Net Debt	$919M