UVSP FY 2008 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2008 Earnings

Reported March 6, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2008	Prior Q	FY 2007	QoQ Change	YoY Change
Revenue	$136M	—	$143M	—	-5.2%
Op. Income	$26M	—	$35M	—	-24.5%
Gross Margin	62.4%	—	60.7%	—	1.7pp
Net Margin	15.1%	—	17.8%	—	-2.7pp
EPS (Diluted)	$1.60	—	$1.98	—	-19.2%
Free Cash Flow	$15M	—	$25M	—	-38.2%

Revenue Flow

Item	Amount
REVENUE	$136M
Cost of Revenue	$51M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$33M
SG&A Expenses	$35M
Other Expenses	$24M
Operating Expenses	$58M
Cost & Expenses	$110M
OPERATING INCOME	$26M
Interest Income	$108M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$6M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$3M
EBIT	$26M
EBITDA	$29M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$136M
Cost of Revenue	$51M
GROSS PROFIT	$85M
R&D Expenses	$0
Selling & Marketing	$1M
General & Administrative	$33M
SG&A Expenses	$35M
Other Expenses	$24M
Operating Expenses	$58M
Cost & Expenses	$110M
OPERATING INCOME	$26M
Interest Income	$108M
Interest Expense	$42M
Other Income/Expenses	$0
INCOME BEFORE TAX	$26M
Income Tax Expense	$6M
Net Income from Continuing Ops	$21M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$21M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$21M
D&A	$3M
EBIT	$26M
EBITDA	$29M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$3M
Stock-Based Compensation	$0
Deferred Income Tax	-$124.0K
Other Non-Cash Items	$6M
Change in Working Capital	-$7M
OPERATING CASH FLOW	$22M
Capital Expenditure	-$7M
Acquisitions (Net)	-$6M
Purchases of Investments	-$467M
Sales/Maturities of Investments	$394M
Other Investing Activities	-$40M
NET CASH FROM INVESTING	-$126M
Net Debt Issuance	$104M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$10M
Other Financing Activities	-$3M
NET CASH FROM FINANCING	$91M
FREE CASH FLOW	$15M
Net Change in Cash	-$12M

Balance Sheet

Item	Amount
Cash & Equivalents	$40M
Short-Term Investments	$0
Net Receivables	$41M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$81M
PP&E (Net)	$33M
Goodwill	$50M
Intangible Assets	$6M
Long-Term Investments	$1.9B
Tax Assets	$0
Other Non-Current Assets	$45M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.1B
Account Payables	$0
Short-Term Debt	$193M
Deferred Revenue	$0
Other Current Liabilities	$1.5B
TOTAL CURRENT LIABILITIES	$1.8B
Long-Term Debt	$99M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$21M
TOTAL NON-CURRENT LIABILITIES	$120M
TOTAL LIABILITIES	$1.9B
Common Stock	$74M
Additional Paid-In Capital	$22M
Retained Earnings	$152M
Treasury Stock	-$37M
Accum. Other Comp. Income	-$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$203M
Minority Interest	$0
TOTAL EQUITY	$203M
TOTAL LIABILITIES & EQUITY	$2.1B
Total Debt	$292M
Net Debt	$252M