NWBI FY 2020 Earnings Report — Northwest Bancshares, Inc. Revenue & Financial Results | Market Cap Arena

Northwest Bancshares, Inc.NWBI

FY 2020 Earnings

Reported February 26, 2021

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$563M	—	$514M	—	9.5%
Op. Income	$93M	—	$141M	—	-34.4%
Gross Margin	77.6%	—	84.5%	—	-7.0pp
Net Margin	13.3%	—	21.5%	—	-8.2pp
EPS (Diluted)	$0.62	—	$1.04	—	-40.4%
Free Cash Flow	$128M	—	$117M	—	10.0%

Revenue Flow

Item	Amount
REVENUE	$563M
Cost of Revenue	$126M
GROSS PROFIT	$437M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$199M
SG&A Expenses	$207M
Other Expenses	$138M
Operating Expenses	$344M
Cost & Expenses	$471M
OPERATING INCOME	$93M
Interest Income	$433M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$93M
Income Tax Expense	$18M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$5M
EBIT	$93M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$563M
Cost of Revenue	$126M
GROSS PROFIT	$437M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$199M
SG&A Expenses	$207M
Other Expenses	$138M
Operating Expenses	$344M
Cost & Expenses	$471M
OPERATING INCOME	$93M
Interest Income	$433M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$93M
Income Tax Expense	$18M
Net Income from Continuing Ops	$75M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$75M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$75M
D&A	$5M
EBIT	$93M
EBITDA	$97M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$75M
Depreciation & Amortization	$5M
Stock-Based Compensation	$4M
Deferred Income Tax	-$8M
Other Non-Cash Items	$34M
Change in Working Capital	$31M
OPERATING CASH FLOW	$140M
Capital Expenditure	-$12M
Acquisitions (Net)	$262M
Purchases of Investments	-$995M
Sales/Maturities of Investments	$400M
Other Investing Activities	-$215M
NET CASH FROM INVESTING	-$561M
Net Debt Issuance	-$192M
Common Stock Repurchased	-$9M
Common Dividends Paid	-$93M
Other Financing Activities	$1.4B
NET CASH FROM FINANCING	$1.1B
FREE CASH FLOW	$128M
Net Change in Cash	$675M

Balance Sheet

Item	Amount
Cash & Equivalents	$736M
Short-Term Investments	$1.4B
Net Receivables	$36M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.2B
PP&E (Net)	$162M
Goodwill	$382M
Intangible Assets	$20M
Long-Term Investments	$10.6B
Tax Assets	$0
Other Non-Current Assets	$446M
TOTAL NON-CURRENT ASSETS	$11.6B
TOTAL ASSETS	$13.8B
Account Payables	$2M
Short-Term Debt	$138M
Deferred Revenue	$0
Other Current Liabilities	$11.6B
TOTAL CURRENT LIABILITIES	$11.7B
Long-Term Debt	$274M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$254M
TOTAL NON-CURRENT LIABILITIES	$529M
TOTAL LIABILITIES	$12.3B
Common Stock	$1M
Additional Paid-In Capital	$1.0B
Retained Earnings	$555M
Treasury Stock	$0
Accum. Other Comp. Income	-$34M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.5B
Minority Interest	$0
TOTAL EQUITY	$1.5B
TOTAL LIABILITIES & EQUITY	$13.8B
Total Debt	$412M
Net Debt	-$324M