NWBI FY 2017 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2017 Earnings

Reported March 1, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$466M	—	$429M	—	8.8%
Op. Income	$136M	—	$71M	—	90.6%
Gross Margin	89.7%	—	87.9%	—	1.8pp
Net Margin	20.3%	—	11.6%	—	8.7pp
EPS (Diluted)	$0.92	—	$0.49	—	87.8%
Free Cash Flow	$148M	—	$120M	—	22.9%

Revenue Flow

Item	Amount
REVENUE	$466M
Cost of Revenue	$48M
GROSS PROFIT	$419M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$172M
SG&A Expenses	$182M
Other Expenses	$101M
Operating Expenses	$283M
Cost & Expenses	$331M
OPERATING INCOME	$136M
Interest Income	$359M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$136M
Income Tax Expense	$41M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94M
D&A	$14M
EBIT	$136M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$466M
Cost of Revenue	$48M
GROSS PROFIT	$419M
R&D Expenses	$0
Selling & Marketing	$10M
General & Administrative	$172M
SG&A Expenses	$182M
Other Expenses	$101M
Operating Expenses	$283M
Cost & Expenses	$331M
OPERATING INCOME	$136M
Interest Income	$359M
Interest Expense	$28M
Other Income/Expenses	$0
INCOME BEFORE TAX	$136M
Income Tax Expense	$41M
Net Income from Continuing Ops	$94M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$94M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$94M
D&A	$14M
EBIT	$136M
EBITDA	$150M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$94M
Depreciation & Amortization	$14M
Stock-Based Compensation	$5M
Deferred Income Tax	$11M
Other Non-Cash Items	$12M
Change in Working Capital	$15M
OPERATING CASH FLOW	$152M
Capital Expenditure	-$4M
Acquisitions (Net)	$0
Purchases of Investments	-$242M
Sales/Maturities of Investments	$257M
Other Investing Activities	-$115M
NET CASH FROM INVESTING	-$104M
Net Debt Issuance	-$35M
Common Stock Repurchased	$0
Common Dividends Paid	-$65M
Other Financing Activities	-$260M
NET CASH FROM FINANCING	-$360M
FREE CASH FLOW	$148M
Net Change in Cash	-$312M

Balance Sheet

Item	Amount
Cash & Equivalents	$78M
Short-Term Investments	$793M
Net Receivables	$23M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$894M
PP&E (Net)	$152M
Goodwill	$307M
Intangible Assets	$26M
Long-Term Investments	$7.8B
Tax Assets	$0
Other Non-Current Assets	$219M
TOTAL NON-CURRENT ASSETS	$8.5B
TOTAL ASSETS	$9.4B
Account Payables	$460.0K
Short-Term Debt	$108M
Deferred Revenue	$0
Other Current Liabilities	$7.8B
TOTAL CURRENT LIABILITIES	$7.9B
Long-Term Debt	$111M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$109M
TOTAL NON-CURRENT LIABILITIES	$221M
TOTAL LIABILITIES	$8.2B
Common Stock	$1M
Additional Paid-In Capital	$731M
Retained Earnings	$508M
Treasury Stock	$0
Accum. Other Comp. Income	-$32M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.2B
Minority Interest	$0
TOTAL EQUITY	$1.2B
TOTAL LIABILITIES & EQUITY	$9.4B
Total Debt	$219M
Net Debt	$142M