STBA FY 2012 Earnings Report — S&T Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

S&T Bancorp, Inc.STBA

FY 2012 Earnings

Reported February 22, 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	$208M	—	$209M	—	-0.5%
Op. Income	$41M	—	$62M	—	-33.0%
Gross Margin	78.9%	—	79.3%	—	-0.3pp
Net Margin	16.4%	—	22.6%	—	-6.2pp
EPS (Diluted)	$1.15	—	$1.41	—	-18.4%
Free Cash Flow	$82M	—	$71M	—	14.5%

Revenue Flow

Item	Amount
REVENUE	$208M
Cost of Revenue	$44M
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$70M
SG&A Expenses	$73M
Other Expenses	$50M
Operating Expenses	$123M
Cost & Expenses	$167M
OPERATING INCOME	$41M
Interest Income	$156M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$41M
Income Tax Expense	$7M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$7M
EBIT	$41M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$208M
Cost of Revenue	$44M
GROSS PROFIT	$164M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$70M
SG&A Expenses	$73M
Other Expenses	$50M
Operating Expenses	$123M
Cost & Expenses	$167M
OPERATING INCOME	$41M
Interest Income	$156M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$41M
Income Tax Expense	$7M
Net Income from Continuing Ops	$34M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$34M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$34M
D&A	$7M
EBIT	$41M
EBITDA	$48M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$34M
Depreciation & Amortization	$7M
Stock-Based Compensation	$913.0K
Deferred Income Tax	$1M
Other Non-Cash Items	$4M
Change in Working Capital	$36M
OPERATING CASH FLOW	$84M
Capital Expenditure	-$2M
Acquisitions (Net)	$19M
Purchases of Investments	-$167M
Sales/Maturities of Investments	$154M
Other Investing Activities	-$12M
NET CASH FROM INVESTING	-$8M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$49.0K
Common Dividends Paid	-$17M
Other Financing Activities	$19M
NET CASH FROM FINANCING	-$8M
FREE CASH FLOW	$82M
Net Change in Cash	$67M

Balance Sheet

Item	Amount
Cash & Equivalents	$338M
Short-Term Investments	$453M
Net Receivables	$0
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$790M
PP&E (Net)	$39M
Goodwill	$176M
Intangible Assets	$5M
Long-Term Investments	$3.3B
Tax Assets	$0
Other Non-Current Assets	$194M
TOTAL NON-CURRENT ASSETS	$3.7B
TOTAL ASSETS	$4.5B
Account Payables	$0
Short-Term Debt	$138M
Deferred Revenue	$0
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$3.8B
Long-Term Debt	$125M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$89M
TOTAL NON-CURRENT LIABILITIES	$213M
TOTAL LIABILITIES	$4.0B
Common Stock	$78M
Additional Paid-In Capital	$77M
Retained Earnings	$436M
Treasury Stock	-$40M
Accum. Other Comp. Income	-$14M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$537M
Minority Interest	$0
TOTAL EQUITY	$537M
TOTAL LIABILITIES & EQUITY	$4.5B
Total Debt	$262M
Net Debt	-$75M