UBSI FY 2016 Earnings Report — United Bankshares, Inc. Revenue & Financial Results | Market Cap Arena

United Bankshares, Inc.UBSI

FY 2016 Earnings

Reported March 1, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$539M	—	$496M	—	8.6%
Op. Income	$223M	—	$203M	—	9.4%
Gross Margin	87.1%	—	87.5%	—	-0.4pp
Net Margin	27.3%	—	27.8%	—	-0.5pp
EPS (Diluted)	$1.99	—	$1.98	—	0.5%
Free Cash Flow	$163M	—	$170M	—	-3.6%

Revenue Flow

Item	Amount
REVENUE	$539M
Cost of Revenue	$70M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$146M
SG&A Expenses	$146M
Other Expenses	$100M
Operating Expenses	$246M
Cost & Expenses	$316M
OPERATING INCOME	$223M
Interest Income	$470M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$223M
Income Tax Expense	$76M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	-$9M
EBIT	$223M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$539M
Cost of Revenue	$70M
GROSS PROFIT	$469M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$146M
SG&A Expenses	$146M
Other Expenses	$100M
Operating Expenses	$246M
Cost & Expenses	$316M
OPERATING INCOME	$223M
Interest Income	$470M
Interest Expense	$45M
Other Income/Expenses	$0
INCOME BEFORE TAX	$223M
Income Tax Expense	$76M
Net Income from Continuing Ops	$147M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$147M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$147M
D&A	-$9M
EBIT	$223M
EBITDA	$214M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$147M
Depreciation & Amortization	-$9M
Stock-Based Compensation	$3M
Deferred Income Tax	$7M
Other Non-Cash Items	$37M
Change in Working Capital	-$15M
OPERATING CASH FLOW	$171M
Capital Expenditure	-$7M
Acquisitions (Net)	$29M
Purchases of Investments	-$577M
Sales/Maturities of Investments	$584M
Other Investing Activities	$2M
NET CASH FROM INVESTING	$31M
Net Debt Issuance	$69M
Common Stock Repurchased	-$1.0K
Common Dividends Paid	-$96M
Other Financing Activities	$203M
NET CASH FROM FINANCING	$375M
FREE CASH FLOW	$163M
Net Change in Cash	$577M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.4B
Short-Term Investments	$1.3B
Net Receivables	$39M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$2.7B
PP&E (Net)	$76M
Goodwill	$864M
Intangible Assets	$0
Long-Term Investments	$10.4B
Tax Assets	$0
Other Non-Current Assets	$416M
TOTAL NON-CURRENT ASSETS	$11.8B
TOTAL ASSETS	$14.5B
Account Payables	$0
Short-Term Debt	$260M
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$11.2B
Long-Term Debt	$1.1B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$1M
TOTAL NON-CURRENT LIABILITIES	$1.1B
TOTAL LIABILITIES	$12.3B
Common Stock	$203M
Additional Paid-In Capital	$1.2B
Retained Earnings	$873M
Treasury Stock	-$975.0K
Accum. Other Comp. Income	-$45M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.2B
Minority Interest	$0
TOTAL EQUITY	$2.2B
TOTAL LIABILITIES & EQUITY	$14.5B
Total Debt	$1.4B
Net Debt	-$52M