UVSP FY 2016 Earnings Report — Univest Financial Corporation Revenue & Financial Results | Market Cap Arena

Univest Financial CorporationUVSP

FY 2016 Earnings

Reported March 3, 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	$183M	—	$154M	—	18.2%
Op. Income	$23M	—	$37M	—	-36.8%
Gross Margin	90.6%	—	92.3%	—	-1.7pp
Net Margin	10.7%	—	17.7%	—	-7.0pp
EPS (Diluted)	$0.84	—	$1.39	—	-39.6%
Free Cash Flow	$21M	—	$33M	—	-38.2%

Revenue Flow

Item	Amount
REVENUE	$183M
Cost of Revenue	$17M
GROSS PROFIT	$165M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$71M
SG&A Expenses	$73M
Other Expenses	$69M
Operating Expenses	$142M
Cost & Expenses	$159M
OPERATING INCOME	$23M
Interest Income	$127M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$23M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$183M
Cost of Revenue	$17M
GROSS PROFIT	$165M
R&D Expenses	$0
Selling & Marketing	$2M
General & Administrative	$71M
SG&A Expenses	$73M
Other Expenses	$69M
Operating Expenses	$142M
Cost & Expenses	$159M
OPERATING INCOME	$23M
Interest Income	$127M
Interest Expense	$12M
Other Income/Expenses	$0
INCOME BEFORE TAX	$23M
Income Tax Expense	$4M
Net Income from Continuing Ops	$20M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$20M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$4M
EBIT	$23M
EBITDA	$27M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$20M
Depreciation & Amortization	$4M
Stock-Based Compensation	$2M
Deferred Income Tax	$942.0K
Other Non-Cash Items	$3M
Change in Working Capital	$4M
OPERATING CASH FLOW	$33M
Capital Expenditure	-$13M
Acquisitions (Net)	-$79M
Purchases of Investments	-$86M
Sales/Maturities of Investments	$209M
Other Investing Activities	-$346M
NET CASH FROM INVESTING	-$314M
Net Debt Issuance	$173M
Common Stock Repurchased	-$8M
Common Dividends Paid	-$17M
Other Financing Activities	$128M
NET CASH FROM FINANCING	$278M
FREE CASH FLOW	$21M
Net Change in Cash	-$3M

Balance Sheet

Item	Amount
Cash & Equivalents	$58M
Short-Term Investments	$444M
Net Receivables	$135M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$636M
PP&E (Net)	$64M
Goodwill	$173M
Intangible Assets	$17M
Long-Term Investments	$3.2B
Tax Assets	$0
Other Non-Current Assets	$177M
TOTAL NON-CURRENT ASSETS	$3.6B
TOTAL ASSETS	$4.2B
Account Payables	$50M
Short-Term Debt	$227M
Deferred Revenue	$0
Other Current Liabilities	$3.3B
TOTAL CURRENT LIABILITIES	$3.5B
Long-Term Debt	$190M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$190M
TOTAL LIABILITIES	$3.7B
Common Stock	$145M
Additional Paid-In Capital	$230M
Retained Earnings	$195M
Treasury Stock	-$45M
Accum. Other Comp. Income	-$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$505M
Minority Interest	$0
TOTAL EQUITY	$505M
TOTAL LIABILITIES & EQUITY	$4.2B
Total Debt	$418M
Net Debt	$360M