UVSP FY 2012 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2012 Earnings

Reported March 4, 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	$113M	—	$115M	—	-1.8%
Op. Income	$26M	—	$24M	—	11.7%
Gross Margin	83.8%	—	75.4%	—	8.4pp
Net Margin	18.5%	—	16.5%	—	2.1pp
EPS (Diluted)	$1.24	—	$1.13	—	9.7%
Free Cash Flow	$37M	—	$40M	—	-9.5%

Revenue Flow

Item	Amount
REVENUE	$113M
Cost of Revenue	$18M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$39M
SG&A Expenses	$41M
Other Expenses	$27M
Operating Expenses	$68M
Cost & Expenses	$86M
OPERATING INCOME	$26M
Interest Income	$81M
Interest Expense	$8M
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	$1M
EBIT	$26M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$113M
Cost of Revenue	$18M
GROSS PROFIT	$94M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$39M
SG&A Expenses	$41M
Other Expenses	$27M
Operating Expenses	$68M
Cost & Expenses	$86M
OPERATING INCOME	$26M
Interest Income	$81M
Interest Expense	$8M
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	$1M
EBIT	$26M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$21M
Depreciation & Amortization	$1M
Stock-Based Compensation	$1M
Deferred Income Tax	$3M
Other Non-Cash Items	$786.0K
Change in Working Capital	$10M
OPERATING CASH FLOW	$37M
Capital Expenditure	-$578.0K
Acquisitions (Net)	-$3M
Purchases of Investments	-$251M
Sales/Maturities of Investments	$222M
Other Investing Activities	-$25M
NET CASH FROM INVESTING	-$58M
Net Debt Issuance	-$20M
Common Stock Repurchased	-$2M
Common Dividends Paid	-$17M
Other Financing Activities	$116M
NET CASH FROM FINANCING	$80M
FREE CASH FLOW	$37M
Net Change in Cash	$59M

Balance Sheet

Item	Amount
Cash & Equivalents	$146M
Short-Term Investments	$430M
Net Receivables	$93M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$677M
PP&E (Net)	$33M
Goodwill	$56M
Intangible Assets	$6M
Long-Term Investments	$1.4B
Tax Assets	$12M
Other Non-Current Assets	$71M
TOTAL NON-CURRENT ASSETS	$1.6B
TOTAL ASSETS	$2.3B
Account Payables	$38M
Short-Term Debt	$96M
Deferred Revenue	$0
Other Current Liabilities	$1.9B
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$21M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$21M
TOTAL LIABILITIES	$2.0B
Common Stock	$91M
Additional Paid-In Capital	$62M
Retained Earnings	$165M
Treasury Stock	-$27M
Accum. Other Comp. Income	-$7M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$284M
Minority Interest	$0
TOTAL EQUITY	$284M
TOTAL LIABILITIES & EQUITY	$2.3B
Total Debt	$117M
Net Debt	-$29M